E-commerce giant Alibaba’s shares jump 8% in Hong Kong debut

Chinese e-commerce giant Alibaba’s shares jumped more than 8% in their debut on the Hong Kong stock exchange on Tuesday,…

Chinese e-commerce giant Alibaba’s shares jumped more than 8% in their debut on the Hong Kong stock exchange on Tuesday, an auspicious start at a time when the former British colony is reeling from political unrest.

By mid-afternoon Tuesday, Alibaba was trading at 190.45 Hong Kong dollars ($24.33) per share. Its offering price was 176 Hong Kong dollars.

The company’s shares already are listed in New York, where its 2014 IPO set a record at $25 billion.

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