More tech companies likely to list in Hong Kong in next decade, Alibaba’s Joe Tsai says



a person standing in front of Tung Chee-hwa et al. posing for the camera: Joe Tsai, Alibaba’s executive vice-chairman (left), and former Hong Kong Chief Executive Tung Chee-hwa, at the China Conference: United States organised by the Post. Photo: Edmond So


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Joe Tsai, Alibaba’s executive vice-chairman (left), and former Hong Kong Chief Executive Tung Chee-hwa, at the China Conference: United States organised by the Post. Photo: Edmond So

More technology companies from across the globe – not just those based in China – are likely to list on Hong Kong’s stock exchange in the next five to 10 years, particularly emerging tech leaders in Southeast Asia, according to Alibaba’s executive vice-chairman Joe Tsai.

Non-US investors, as well as sovereign wealth and pension funds, are increasing their allocations to Hong Kong and Asia as they seek to tap future growth in the region, Tsai said at a fireside chat as part of Hong Kong Exchanges and Clearing’s (HKEX) first Southeast Asia Forum on Thursday. HKEX is the operator of the Hong Kong bourse.

“Think about that huge capital base coming to Asia, and a lot of that is focused on

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