Chinese Internet commerce giant Alibaba closed up 6.6% on the Hong Kong Stock Exchange on its first day in the Asian stock market, which responds to $ 187.60, one of the largest operations after the one obtained in 2010. For the group that has already traded on Wall Street since 2014, this action pushes them to recover almost 11,000 million dollars.
The credit advance was made during an important security device in front of the Hong Kong Stock Exchange building where a ceremony was held in honor of the Chinese group. On the other hand, the group founded by the millionaire Jack Ma presented the entrance in the Stock Exchange as a sign of confidence in the great financial square of the British former colony, immersed in a serious political crisis.
Days ago, the executive director of the group, Daniel Zhang, said: “In this period of change, we continue to believe that the future of Hong Kong is still bright. We hope to contribute, in our own way, to the future of Hong Kong.”
Projections
In the next five years, Alibaba expects to reach 1 billion consumers in China, which has 1.4 billion inhabitants. Accordingly, the Hong Kong Stock Exchange aims to raise capital that allows international development with the goal of totaling 2 billion consumers in the world.
Jack Ma expresses with satisfaction that in the last quarter Alibaba tripled its net profit equivalent to 10,170 million dollars and increased its turnover by 40% representing 16,700 million dollars.
K.Villarroel
Source: digitaldigital
