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Ecommerce giant Alibaba to seek primary listing in Hong Kong www.israelhayom.com

July 27, 2022
Source: israelhayom.com israelhayom.com
News Snapshot:
Alibaba, the world's biggest e-commerce company by sales, announced plans Tuesday to change the status of its shares traded in Hong Kong, making them more accessible to Chinese investors at a time when Beijing is pressing tech companies to share their wealth with the public. Follow Israel Hayom on Facebook, Twitter , and Instagram The primary listing in Hong Kong is expected to be completed by the end of 2022, which would make Alibaba a dual-primary listed company on the New York Stock Exchange and the Hong Kong Stock Exchange. CEO Daniel Zhang said Alibaba was pursuing another primary listing...
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