News Snapshot:
Alibaba plans to add a primary listing in Hong Kong to its New York presence, targeting investors in mainland China as it becomes the first big company to take advantage of a rule change in the financial hub to attract high-tech Chinese firms. Also, Alibaba Group has removed all executives of financial affiliate Ant Group from its partnership, shaking up a key structure that maintains control of the e-commerce giant. The Hangzhou-based company removed Ant executives, including Chairman and CEO Eric Jing, Chief Technology Officer Ni Xingjun and five others from its partnership, according to an annual report published on...
