China Tower eyes $10b HK offering

Fundraising set to be world's largest since e-commerce giant Alibaba's 2014 public float

China Tower Corp, a mobile communication infrastructure company that runs almost all of the mainland's telecom towers, is aiming to raise up to $10 billion in its Hong Kong initial public offering.

The plan, if it goes ahead, will make China Tower's float the world's largest since Chinese e-commerce giant Alibaba Group Holding Ltd's $25 billion listing in 2014.