Y Combinator’s Garry Tan Goes to the MatRead more

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Alibaba to Apply for Primary Listing in Hong Kong

By
Juro Osawa
· · Source: The Information

Alibaba Group said it would pursue a primary listing of its stock in Hong Kong, in a move that would make it easier for investors in mainland China to buy the Chinese e-commerce giant’s shares for the first time. Alibaba, which is listed in New York, currently also has a secondary listing in Hong Kong. But that status means its shares aren’t available on Stock Connect, a platform that allows...

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