Chinese tech behemoth Alibaba has postponed its plan to head for a mainland listing via Chinese Depository Receipt (CDR), according to Tencent Tech citing people with knowledge of the matter. The source wasn’t specific about the reasons behind this decision.

Previous reports show that Alibaba’s local listing plan was originally scheduled for this month. CITIC Securities and China International Capital Corporation would serve as IPO sponsors.

In an official response from the company, Alibaba said “Alibaba is open to issuing shares on the mainland if compliant with Chinese regulations and various circumstances. We have made this clear since the first day of our US listing and have never changed it ever since. We give no comments on the market rumors.”

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.