Business

Alibaba shares soar at their debut in Hang Seng

alibaba shares

Alibaba shares at the Hong Kong stock exchange turned out to the big-thing that investors awaited to welcome.

World’s biggest online sell and purchase e-commerce marketplace, Alibaba is back in Hong Kong. At the very first day of its launching at the Heng Seng that is the stock market of Hong Kong, the company had its share trading with the 187.60 Hong Kong dollars.

However, the country is facing some serious riots that have disturbed its economical activities, this jump of above 6 percent in HKEx stock is astonishing.

Alibaba beat Uber with its IPO

The company declared it as an opportunity for the investors of Asia to become part of this growth with the new pools of capital.  With this stock market hit, Alibaba shares have defeated Uber from the top spot when the ride company made a record of raising $8.1 billion this year in the New York stock exchange.

Alibaba has been traded in the US market with the $11.3 billion.

From its official handle on Weibo, Alibaba announced that “We have come home”. Certainly, the welcome was overwhelming. The CEO and Chairman of Alibaba, Daniel Zhang said that we said about coming back to HK if the conditions will allow us. The IPO was held in New York due to the flinch in Hong Kong exchange’s corporate situation.

Alibaba wanted to be in HKEx first
Zhang added further that, “with such developments, we can make up our regrets that we are not in Hong Kong anymore. Prior listing up in the New York stock exchange, it was the wish of Jack Ma, As dispute over board directors happened, it could not take place.


In Hong Kong, the trading code of Alibaba is 9988 that is considered as the lucky numerical in Chinese. The market of HK has given them the “go ahead” and there is no doubt about it.

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Travel

Top 7 travel destinations in 2020

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A new decade and new traveling goals! The top 7 travel destinations will assist you out in deciding the best for your next stop.

Not you, but everyone has this goal to travel extensively in the New Year. We know many of you have made a resolution of this new decade, 2020 to see most of this beautiful world. 2020 is going to be very busy with all these activities lined up like World Expo in Dubai and the Summer Olympics in Tokyo. But, what after all this chaos? We all want to relax while sipping a refreshing cocktail and watching a sunset at some faraway destination.

Here we have compiled a list of your next vacation spot. So, here they are:

St. Petersburg, Russia

wordfuss/top7traveldestinations
Alexander…
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Business

Alibaba shares soar at their debut in Hang Seng

post-image

Alibaba shares at the Hong Kong stock exchange turned out to the big-thing that investors awaited to welcome.

World’s biggest online sell and purchase e-commerce marketplace, Alibaba is back in Hong Kong. At the very first day of its launching at the Heng Seng that is the stock market of Hong Kong, the company had its share trading with the 187.60 Hong Kong dollars.

However, the country is facing some serious riots that have disturbed its economical activities, this jump of above 6 percent in HKEx stock is astonishing.

Alibaba beat Uber with its IPO

The company declared it as an opportunity for the investors of Asia to become part of this growth with the new pools of capital.  With this stock market hit, Alibaba shares have…

Read More