News Snapshot:
Tech Giant Alibaba Seeks Primary Listing Status on Hong Kong Stock Exchange If completed, the move would also take advantage of incentives in Hong Kong aiming to attract Chinese high-tech companies to the “special autonomous region.” Chinese e-commerce giant Alibaba announced on Tuesday that it sought primary listing status on the Stock Exchange of Hong Kong (SEHK), likely moving some of its trading away from the dominant New York Stock Exchange (NYSE) amid increasing scrutiny from the U.S. government and a regulatory crackdown from Beijing, according to Reuters. If completed, the move would also take advantage of incentives in Hong...
