Alibaba seeks dual-primary listing in HK

by The Manila Times

Jul 27, 2022 12:14 am

HONG KONG: Electronic commerce giant Alibaba said on Tuesday it would seek a primary listing in Hong Kong, potentially giving access to China's vast pool of investors, as mainland officials indicate that a long-running crackdown on the technology sector could end soon.

The move also comes as Chinese tech companies traded in New York grow increasingly worried about a regulatory drive by United States authorities amid simmering tensions between the two superpowers.

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