Alibaba Group Holding has increased the representation of women and independent directors on its board, after adding two directors ahead of its application to make Hong Kong the primary listing venue of its stock. Irene Lee Yun-lien, chairwoman of Hysan Development Company Limited, and Albert Ng Kong-ping, former chairman of Ernst & Young China, were appointed to Alibaba’s board, effective on Thursday, according to a company statement. “Irene and Albert are both respected leaders with invaluable understanding and experience in global markets including mainland China and Hong Kong,” Daniel Zhang Yong, chairman and chief executive officer of Alibaba, said in…