Alibaba Coming Back to Hong Kong Was Right Decision: Sanford C Bernstein’s Dai

The transcript discusses the pricing expectations for Hong Kong dollars, the trading outlook for Alibaba's Hong Kong listing, and Jack Ma's ambitions. It also covers the impact of US-China relations on Alibaba and the strategic decisions made to mitigate risks, including making the Hong Kong and US listings fully fungible to allow free fund flow.

What was the expected price range for the Hong Kong listing?

• Around 150 Hong Kong dollars

• Around 200 Hong Kong dollars

• Around 188 Hong Kong dollars

• Around 100 Hong Kong dollars

Why is the Hong Kong listing expected to trade well?

• Because it is a new market

• Due to its full fungibility with the US ADR

• Because of low investor interest

• Due to high listing fees

What is a driving force behind Jack Ma's decision to list in Hong Kong?

• To avoid US taxes

• To make shares more available to mainland Chinese investors

• To increase the share price

• To reduce company expenses

What geopolitical event is mentioned as a potential risk for Chinese investors?

• Brexit

• Middle East tensions

• Hong Kong protests

• US-China trade war

What strategic decision was made to facilitate fund flow between the US and Hong Kong?

• Reducing listing fees

• Making the ADRs fully fungible

• Limiting investor access

• Increasing share prices