News Snapshot:
Photo taken on July 3, 2020 shows the view of the R&D center of Alibaba in Shanghai. [Photo/Xinhua] Alibaba Group seeks dual-primary listing in China's Hong Kong and the United State's New York, according to the company's Tuesday announcement on its official website. The move was made "in the hopes of fostering a wider and more diversified investor base to share in Alibaba's growth and future," said Daniel Zhang, chairman and CEO of Alibaba Group. The company said its board of directors had authorized management to apply for a primary listing on the Main Board of Hong Kong's stock exchange...
