Analysis

Alibaba's Hong Kong listing opens new front in Tencent rivalry

If regulators permit, the pair will soon fight over digital payments, shareholders, cloud computing

Alibaba's listing ceremony at the Hong Kong Stock Exchange on Tuesday, and Tencent's booth at the World 5G Exhibition in Beijing earlier this month. Hong Kong investors can now own shares in both Alibaba and Tencent after the e-commerce giant's local
Alibaba's listing ceremony at the Hong Kong Stock Exchange on Tuesday, and Tencent's booth at the World 5G Exhibition in Beijing earlier this month. Hong Kong investors can now own shares in both Alibaba and Tencent after the e-commerce giant's local offering. The writer says Alibaba's arrival is awkward for its arch nemesis, Tencent, which has long benefited from being, by far, the biggest publicly traded Chinese Internet company in Hong Kong. PHOTO: BLOOMBERG
Alibaba's listing ceremony at the Hong Kong Stock Exchange on Tuesday, and Tencent's booth at the World 5G Exhibition in Beijing earlier this month. Hong Kong investors can now own shares in both Alibaba and Tencent after the e-commerce giant's local
Alibaba's listing ceremony at the Hong Kong Stock Exchange on Tuesday, and Tencent's booth at the World 5G Exhibition in Beijing earlier this month. Hong Kong investors can now own shares in both Alibaba and Tencent after the e-commerce giant's local offering. The writer says Alibaba's arrival is awkward for its arch nemesis, Tencent, which has long benefited from being, by far, the biggest publicly traded Chinese Internet company in Hong Kong. PHOTO: REUTERS
Robyn Mak
Updated
Nov 28, 2019, 11:47 AM
Published
Nov 28, 2019, 05:00 AM
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HONG KONG • A new front has opened up in China's biggest tech rivalry.

Hong Kong investors can now own shares in both Alibaba and Tencent after the e-commerce giant's local offering.

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A version of this article appeared in the print edition of The Straits Times on November 28, 2019, with the headline Alibaba's Hong Kong listing opens new front in Tencent rivalry. Subscribe

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