|Ma urges HK to review listing rules
Hong Kong should review its principles and regulations, not for Alibaba but for the city's future, said Jack Ma Yun in Hangzhou on Friday.
He said to a group of Hong Kong reporters that he appealed for a discussion in Hong Kong on the firm's proposed innovative shareholding structure, not for the corporate's interest.
"I love Hong Kong for its principles which are passion for innovation and kindness for tolerance," said Ma, stressing the territory is not against Alibaba's principles.
As for Hong Kong regulators, he believed they were responsible for making decisions, instead of reading the books and tell them what's right and wrong, Ma said.
"I agree with Charles Li Xiaojia who also proposed a wide discussion on the issue, for the public interest," the 48-year old internet tycoon said.
As for the IPO venue, Ma said the majority of his employees are in favor of US which has expressed warm welcome to the firm.
''If we go to US, we won't have a second listing in Hong Kong, but in the mainland market,'' Ma told reporters.
But he emphasized that he loves Hong Kong.
"I am under great pressure as I love Hong Kong and hope to benefit Hong Kong investors," Ma said. " But it may be better if we go to some places that welcomes us." --The Standard