E-commerce giant Alibaba seeks dual-primary listing in Hong Kong


Source: kuwaittimes.com kuwaittimes.com

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HONG KONG: 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 United States authorities as tensions simmer between the superpowers. While Alibaba has a secondary listing in Hong Kong, it does not allow it to join a popular Stock Connect program that links to bourses in Shanghai and Shenzhen....