News Snapshot:
Chinese e-commerce giant Alibaba announced on Tuesday that it is seeking primary listing status on the Hong Kong Stock Exchange (SEHK), likely moving some of its trading away from the dominant New York Stock Exchange (NYSE) in a context of increasing surveillance by the US government. and a regulatory crackdown from Beijing, according at Reuters. If completed, the move would also benefit from incentives in Hong Kong aimed at attracting Chinese tech companies to the special autonomous region, which has been loosely ruled by Beijing since 1997 and has seen a dramatic crackdown on anti-Beijing protests in 2020. This comes...
