Finance: ALIBABA Boom to Hong Kong

CHINESE e-commerce portal Alibaba.com made a strong debut on the Hong Kong stock market today, with its shares soaring 137 percent to 32 Hong Kong dollars (US$4.12) offering of 858.9 million shares, or a 17 percent stake of the company.

The public portion of its offering was 257 times oversubscribed.

Now quotation its around HK$ 29,95

(Shanghai Daily)