Does Alibaba own South China Morning Post?

The South China Morning Post (SCMP), with its Sunday edition, the Sunday Morning Post, is a Hong Kong-based English-language newspaper owned by Alibaba Group. Founded in 1903 by Tse Tsan-tai and Alfred Cunningham, it has remained Hong Kong’s newspaper of record since British colonial rule.

Why was Alibaba IPO Cancelled?

3 of last year, Chinese regulators, without any warning, unceremoniously pulled the plug on the firm’s listing the week it was set to make its public debut. One big reason? Jack Ma, Alibaba’s brazenly outspoken founder, had publicly criticized the government’s conservative stance toward financial risk.

Can Alibaba be delisted?

In summary, Alibaba will be solely listed in Hong Kong if its ADRs are delisted. For those investors who are still holding ADRs, they should have few issues converting them to Hong Kong-listed shares.

When did Alibaba Group go public?

Sept. 19, 2014
Alibaba (NYSE: BABA), the largest e-commerce and cloud company in China, went public at $68 per share on Sept. 19, 2014. It raised $25 billion and eclipsed Meta Platforms (NASDAQ: FB) as the largest U.S. IPO in history. If you had invested $5,000 in Alibaba’s IPO, your investment would be worth about $9,000 today.

How much did Alibaba pay for SCMP?

HK$2.06 billion
Media mogul Rupert Murdoch acquired control of the paper in 1986 before selling his stake to Malaysian tycoon Robert Kuok in 1993. The paper changed hands again in 2015 when Alibaba agreed to buy it in a HK$2.06 billion ($265 million) deal.

Who is the biggest shareholder of Alibaba?

Softbank Group
1. Softbank Group. Softbank’s stake in Alibaba is equivalent to approximately 25% of the company; it is Alibaba’s largest shareholder.

Why is Alibaba not listed in China?

Alibaba was originally characterized as China’s answer to Amazon. The company went public in the U.S. by listing on the NYSE in September 2014. Many believe that Alibaba’s founders chose to go public in the U.S. to retain control of the company.

Why did China block Ant IPO?

When China’s leader Xi Jinping late last year quashed Ant Group’s initial public offering, his motives appeared clear: He was worried that Ant was adding risk to the financial system, and furious at its founder, Jack Ma, for criticizing his signature campaign to strengthen financial oversight.

Should I invest in Alibaba right now?

Super bullish, the consensus among Wall Street analysts is that Alibaba should still see significant growth in 2022. Are they right? More than 65% below their all-time high in October 2020, Alibaba (BABA) – Get Alibaba Group Holding Ltd.

What will happen to Chinese stocks if delisted?

For companies that have a listing elsewhere, most commonly in Hong Kong, even if delisting occurs, funds can convert U.S. shares into Hong Kong shares. The delisting procedure itself would pass on no fundamental implications, thus their valuations should remain the same.