Alibaba Inventory Falls. The Chinese language E-Commerce Big Says Discuss of HQ Transfer ‘Unfaithful.’

Inventory in
Alibaba,
the Chinese language e-commerce website, fell 7% in Hong Kong buying and selling on Monday after hypothesis that the corporate is shifting its headquarters overseas to Singapore.

Alibaba (ticker: HK:9988) has denied the hypothesis, telling Chinese language media together with Sina Monetary it’s “unfaithful and a misunderstanding.” Alibaba’s headquarters are in Hangzhou, China, and it mentioned the brand new campus in Singapore will home regional operations with companions in Southeast Asia reminiscent of Lazada Group.