Alibaba seeks dual-primary listing in Hong Kong


Source: digitaljournal.com digitaljournal.com

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Alibaba is among a number of top tech firms targeted by China in a long-running crackdown, though Beijing appears to be taking a less tough line on the sector - Copyright AFP Anthony WALLACE 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...