HONG KONG — Shops are shuttered and tear gas still fills the streets, but that hasn’t put off investors looking for places to park their money.

Alibaba, the Chinese e-commerce giant, on Tuesday raised $11.2 billion in Hong Kong, a Chinese territory that has been mired in political chaos for six months.

Alibaba shares finished their first day of trading there at $23.95, up 6.5 percent. That was more than a dollar higher than the offering price set by the company last week, though slightly lower than Alibaba’s original target of $24.

Alibaba’s share sale was the largest offering of any kind in Hong Kong since 2010, according to data from the stock exchange. The money raised by Alibaba will be added to the company’s cash pile, which now towers at $43 billion.