By CCN: As U.S.-China trade war tensions escalate, Alibaba Group is toying around with the idea of raising $20 billion via a Hong Kong listing, Bloomberg reports citing unnamed sources due to the privacy of the matter.

Chinese tech leader Alibaba, of which Jack Ma is the founder and chairman, debuted on the New York Stock Exchange in September 2014 and raised $25 billion – the largest IPO in history. The deal was bigger than the IPOs of internet giants Facebook, Google, and Twitter combined.

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