Alibaba seeks dual-primary listing in Hong Kong Latest News


Source: hurriyetdailynews.com hurriyetdailynews.com

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Alibaba seeks dual-primary listing in Hong Kong HONG KONG E-commerce giant Alibaba said yesterday 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 U.S. 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...