News Snapshot:
Alibaba aims to add an initial listing in Hong Kong, attracting Chinese investors after the crackdown SHANGHAI — Alibaba ( 9988.HK ) plans to add an initial listing in Hong Kong to its New York presence, targeting investors in mainland China as it becomes the first major company to take advantage of a rule change. A financial center to attract high-tech Chinese companies. The move by the e-commerce giant came on Tuesday after both Washington and Beijing scrutinized the Chinese company’s listing and after a devastating regulatory crackdown in China fined Alibaba $2.8 billion and floated an initial public offering...
