Alibaba seeks dual-primary listing in Hong Kong Briefly.co.za


Source: briefly.co.za briefly.co.za

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E-commerce giant Alibaba said Tuesday it will seek a primary listing in Hong Kong, potentially giving access to China's vast pool of investors, as mainland officials indicate a long-running crackdown on the tech sector could be coming to an end. The move also comes as Chinese tech companies traded in New York grow increasingly worried about a regulatory drive by US authorities amid simmering tensions between the superpowers. While Alibaba has a secondary listing in Hong Kong, that does not allow it to join a popular Stock Connect programme that links to bourses in Shanghai and Shenzhen. The primary listing,...