Senior Correspondent, IndianRetailer.com & Retailer Magazine Mar 16, 2018 / 2 MIN READ
Chinese e-commerce giant Alibaba Group Holding Ltd is in thoughts of listing itself in stock exchange in its home country, China, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Alibaba is evaluating ways in which its shares could be traded by investors on the mainland, the newspaper reported, adding that a secondary listing in China could happen as soon as this summer if the country's securities rules are changed to allow listings of foreign companies.
A spokesperson for Alibaba said, "Since our IPO in the US, we have stated that if regulations allow, we would consider a listing in China,”
The news of a probable listing comes a few weeks after it was reported that China may allow its offshore-listed tech giants to sell a form of shares on the mainland.
Alibaba, which is listed on the New York Stock Exchange, is one of the world's biggest tech companies listed offshore. Others include Baidu Inc, JD.com, Inc., and Tencent Holdings Ltd.
As a crucial player in China's expansive digital economy and the operator of a prominent online shopping platform, Alibaba's performance is closely watched as a barometer of domestic consumption, which has shown signs of weakening recently.
As reported in October, Paytm is spinning off its marketplace business, setting the stage for Alibaba to establish a direct presence in the country.
Paytm hired a former Lehman Brothers executive Krishna Hegde for this business, last year. For now, Paytm has not made any investment commitments for this separate entity.
Alibaba made the proposal to buy the entire stake in Ele.me this week.
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