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27/07/22 15:21
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Alibaba stock jumps after announcing Hong Kong primary listingNew York(CNN Business)Alibaba announced a plan to allow more mainland Chinese investors to invest in the stock.In a statement Tuesday, the Chinese tech giant said that its board had approved an application to upgrade its Hong Kong stock to a primary listing, which it expects to take place by the end of this year.Alibaba (BABA) already has a primary listing in New York, where its shares have traded on the New York Stock Exchange since a massive IPO in 2014. The company will maintain its activity there and hold dual primary listings once the change is complete, it said.https://www.google.com/amp/s/amp.cnn.com/cnn/2022/07/26/investing/alibaba-stock-hong-kong-listing-announcement-intl-hnk/index.html