News Snapshot:
E-commerce giant Alibaba Group Holding Ltd (阿里巴巴) yesterday said it would seek a primary listing in Hong Kong, potentially giving access to China’s vast pool of investors, as Chinese 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 program that links to bourses in Shanghai and...
