Alibaba (9988 HK)-backed Zelos is said to plan HK IPO

Zelos, backed by Alibaba, is reportedly planning an IPO in Hong Kong, which could reflect increased confidence in the Asian equity market and a resurgence in tech-related listings.

Newsquawk StaffPublished 23 Apr 2026, 01:49 UTCOn the live feed at 01:29 UTC — 1 more headline followed before this page went public

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01:50

Iran sends a protest letter to the UN Security Council and says US and Israel fully responsible for illegal attacks, while Iran demands serious response to attacks on infrastructure, according to ISNA

01:39

Chevron (CVX) announces the resumption of full production at wheatstone LNG following the outage in March

01:29

Alibaba (9988 HK)-backed Zelos is said to plan HK IPO

01:27

Members of the Trump administration discussed plans to save Spirit Airlines at a meeting on Tuesday night, according to WSJ citing sources; Commerce Secretary Lutnick argued that rescuing the airline would help the GOP in the midterms

01:21

PBoC injects CNY 0.5bln via 7-day reverse repos with the rate at 1.40%

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Context

The move is significant for Alibaba as it highlights its commitment to supporting growth within its ecosystem, potentially generating further value for investors. Keep an eye on how this impacts Alibaba’s stock performance and the broader sentiment in the Hong Kong market.

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