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China's Alibaba to apply for primary listing in Hong Kong By Reuters

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© Reuters. FILE PHOTO: A man walks past the Alibaba Group office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang SHANGHAI (Reuters) -Chinese e-commerce giant Alibaba (NYSE: BABA ) Group Holding Ltd said on Tuesday that it would apply for a primary listing in Hong Kong. The company expects the listing to be completed by the end of 2022, making it a dual primary listed company on HKEX and NYSE. In a statement, Alibaba CEO Daniel Zhang said the company would pursue the dual listing to foster a "wider and more diversified investor base." "Hong Kong is also the…

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