In 2003, Alibaba launched Taobao Marketplace (), offering a variety of products for retail sales. In 2013, launched a direct channel that was responsible for 30 million in daily transaction value. That doesn't mean that investors will convert their shares to sell them? Where is the logic in that? Why would investors convert their shares to a less liquid market while paying a conversion fee?! I don't see the logic in that. went public at the Hong Kong Stock Exchange in 2007, and was delisted again in 2012. If there is news about Chinese companies possibly being delisted then of course some investors will sell their stocks and some will convert their shares. Why It Might Not Bounce Back Anytime Soon. It also declined after about 1.2 billion and 2 billion shares were converted respectively in June and March last year, data show.' Reasons to be bullish According to Samuel Le Cornu, CEO and co-founder of Stonehorn Global Partners, there are still reasons to be bullish on the stock. The stock dropped nearly 13% over the following 10 trading days, according to Bloomberg calculations. While the possibility of Alibaba delisting from the US looms over the company, investors are increasingly likely to sell their ADR shares for a Hong Kong stake. In September, Alibaba holders converted ADRs into about 670 million Hong Kong shares in a day. Hong Kong securities are provided by HKEx a Designated Website authorized. Find market predictions, 9988 financials and market news. Previous conversions of a similar scale have been followed by periods of share price declines, according to data compiled by Bloomberg. Alibaba Group Holding Limited Nominal(USD) : down 87.070 Chg : -1.057. View live ALIBABA GROUP HOLDING LTD chart to track its stock's price action. 'The move may signal that some players could reduce their stakes soon, said Steven Leung, executive director at UOB Kay Hian Hong Kong Ltd. Chinas Alibaba Group Holding Ltd is putting a potential Hong Kong initial public offering of its Freshippo grocery chain on hold amid weak sentiment for consumer stocks, Bloomberg News reported on Friday, citing sources.

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