Alibaba Hong Kong Listing

Asian businesses now have access to large, new capital

One question now is how Alibaba will put the money to work

Retail investors will not pay more than $HK188 per share, a statement from the company published on Friday showed

Alibaba also plans to spend more on developing Youku, which the company says is one of the leading online video platforms in China.

A sale of that size will dilute existing shareholders by 2.8% and investors will be able trade shares

The listing will take place as soon as the third quarter of this year, the source said

Alibaba held its record $25 billion public float in New York in 2014 after Hong Kong, its favoured venue, refused to accept its governance structure