Wednesday article by The Times website

British Prime Minister David Cameron met with Alibaba's board chairman, Jack Ma, in Tuesday to persuade Mr Ma to abandon Nasdaq and choose to list on the London Stock Exchange, the Times website said in Wednesday.

Cameron met with Jack Ma in Shanghai in Tuesday. People familiar with the matter said it was a very important business meeting for Mr Cameron on his trip to China, as Mr Cameron wanted to help the UK attract more Chinese investment and business activities.

Alibaba is discussing potential IPOs with NYSE and NASDAQ as negotiations with the HKEx on IPOs are on the ground. Although Alibaba has not yet identified the final listing, it is expected to raise $15 billion trillion to become the largest Internet IPO after Facebook. By then, Alibaba's market capitalisation is expected to reach $120 billion trillion (about 73 billion pounds).

As a result, the Prime Minister's office deliberately arranged for Mr. Ma to meet with London Stock Exchange CEO Rolet (Xavier Rolet). People close to the situation said it was possible to agree on a deal because the two sides had signed an agreement aimed at bringing more British retail brands to Alibaba's cat platform.

It would have been an accident for the London Stock Exchange to choose to list in the UK, as Alibaba had previously discussed the matter with the New York Stock Exchange. In addition, for technology companies such as Alibaba, it is natural to choose to list on the Nasdaq. In addition, Baidu and other Internet companies have been listed on the Nasdaq.

Alibaba, which was scheduled to list in Hong Kong in 2014, has been canceled because of the breakdown of the talks. The divergence between Alibaba and the Hong Kong stock exchange rests mainly on the "partner mechanism", which the company hopes will continue to dominate the board, which the Hong Kong securities trade disagrees with. But if you choose to be listed in London or New York, the dual-equity structure that Google uses will satisfy Mr Ma's wishes.

Alibaba has developed into one of China's successful companies, Yahoo holds 24% of its stake, SoftBank holds 35%, and Mr Ma and his partners have 10%, but have business control.

Alibaba's success has benefited from continuous innovation. For example, to celebrate the "11 11" This unknown festival, Alibaba's E-commerce site Taobao and the cat launched a one-day large-scale promotional activities, the day turnover of up to 35 billion yuan (about 3.5 billion pounds). Ma Yun said last week that "12.12" will also hold similar promotional activities.