Alibaba delays it’s listing on the Hong Kong Stock exchange

Hong Kong exchange retreat… Alibaba, China’s biggest e-commerce company, has delayed its listing on the Hong Kong Stock Exchange. The giant, which is already part of the New York Stock Exchange, planned to raise $15 billion in Hong Kong by the end of August. Nevertheless the growing political unrest in the Asian financial hub has convinced Alibaba’s board to wait until October, hoping that the tensions will have relaxed by then.