News Snapshot:
A Monday filing showed Chinese internet tech giant Alibaba is one step closer to allowing mainland Chinese investors to trade its shares directly. Kuang Da | Jemian News | Visual Group China | Getty Images BEIJING — Chinese e-commerce giant Alibaba is making Hong Kong a “prime” listing for its shares, paving the way for mainland Chinese investors to trade the shares directly. The Hong Kong Stock Exchange on Monday acknowledged Alibaba’s request to convert locally traded shares to primary listing from the current secondary status, according to a filing. It is expected to come into force by the end...
