Alibaba Sent Hongkong Listing Application Ali Responded: No Comment.

Beijing time on June 13th afternoon, according to Bloomberg report, Alibaba submitted the application for listing in Hongkong.

While Alibaba responded to Sina Technology, it is still not commentary on market rumors.

According to Bloomberg News quoted by people familiar with the matter, Alibaba has chosen CICC and Credit Suisse to take charge of its proposed Hongkong stock issue. It plans to submit a formal listing application to the Hongkong stock exchange as early as possible in the next few weeks.

Alibaba is working with other investment banks seeking to play a role in its stock issuance, according to people familiar with the fact that the news is not public.

According to people familiar with the matter, although the Alibaba has not finalized specific funding targets, the issue may raise up to 20 billion US dollars.

According to Peng Bo's aggregated data, this scale will be the largest stock issue in Hongkong since 2010.

The deal may consolidate Hongkong's status as a Chinese technology stock market destination and raise Alibaba's cash reserves as Alibaba and the US group comment on the takeover and tourism subsidy war.