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Alibaba Eyes Hong Kong Primary Listing As Hedge To U.S. Delisting Threat

News Snapshot:

Alibaba Eyes Hong Kong Primary Listing As Hedge To U.S. Delisting Threat [Alibaba Group Holding Limited (BABA)] Summary – Primary listing in Hong Kong in addition to its New York listing could also make the e-commerce giant’s shares accessible to mainland China investors. – Alibaba said it expects the upgrade of its secondary Hong Kong listing to primary listing status to be complete by the end of 2022. – The SEC has placed Alibaba on a list of Chinese firms facing potential delisting as the deadline nears for U.S.-listed Chinese firms to comply with American audit rules. Alibaba Group Holding…

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