Tencent currently enjoys rarity status which has helped buoy its premium. This will change when Alibaba joins it on the Hong Kong exchange, even with all the unrest, says the FT's Lex team.
Days after pulling in a massive $US38 billion ($56 billion) from shoppers in a 24-hour retail orgy, Alibaba has won regulatory approval for its proposed secondary listing in Hong Kong.
It is hard to see how useful that blessing is when even senior police refer to the Asian financial hub as “on the brink of total collapse” and scenes of mayhem are screened across the globe.
