With foothold in Hong Kongs stock market, Alibaba sets itself lifespan goal of 102 years
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Alibaba Group Holding, returning to Hong Kongs stock market this week after a five-year wait, considers the city a cornerstone of its strategy to globalise and prosper across three centuries, according to its chairman.This weeks successful US$13 billion initial public offering (IPO), the worlds largest fundraising of 2019, will swell Alibabas cash equivalent to almost US$46 billion. That bolsters the financial war chest of Asias most valuable company, which has grown since its