China’s Alibaba, the world’s largest e-commerce company, has reportedly ended talks with the Hong Kong Stock Exchange and will try to list in New York.

Hong Kong Stock Exchange doesn’t reach a consensus with Alibaba about listing in Hong Kong. Then, Alibaba gave up Hong Kong while taken New York into account. According to the market analysis, the value of Alibaba is exceed 150 hundred million dollars and the decision makers of this company finally decided to give up list their company in Hong Kong, which was a heavy blow to Hong Kong Stock Exchange.

As we all known, everything has two sides. Some specialists thought Stock Exchange refused to give Alibaba a special privilege, which won a high reputation for itself. A report of BBC pointed out ’ By making an exception for Alibaba and allowing minority shareholders to control the company, a slew of Chinese companies would have followed.’ As a matter of fact, if Hong Kong Stock Exchange makes an exception for Alibaba, it will harm the interests of stockholders of the Hong Kong even the globe. From long-term interests of view, it was a good decision to reject Alibaba list in Hong Kong because Hong Kong defend their institution, which extend the same treatment to all.

Resource:http://www.bbc.co.uk/news/business-24240508