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Alibaba upgrades Hong Kong listing to woo mainland Chinese

U.S.-listed e-commerce group plans primary listing in financial hub

Alibaba says it expects its primary Hong Kong listing to be completed by the end of year.   © Reuters

HONG KONG -- Alibaba Group Holding said Tuesday that it will seek a primary listing on the Hong Kong Stock Exchange, paving the way for mainland Chinese investors to buy shares in the e-commerce company.

The company expects the listing to be completed by the end of year, giving it dual primary listings in Hong Kong and New York.

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