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Alibaba Group Holding founder Jack Ma Yun celebrates during the Chinese company's record-breaking IPO at the New York Stock Exchange on Sept. 19, 2014.   © Getty Images
Stocks

Will Hong Kong spark a race to the bottom in IPO rules?

Three years after missing Alibaba, HKEx rethinks investor rights

JOYCE HO, Nikkei staff writer | China

HONG KONG -- Jack Ma Yun dealt Hong Kong's stock exchange a blow that it still hasn't recovered from when he chose New York for Alibaba's initial public offering in 2014, giving the Big Apple bragging rights to hosting the largest-ever technology listing. Today, the Chinese billionaire is dangling another threat over the Hong Kong bourse as he prepares to float Ant Financial, the e-finance company that could be worth as much as $75 billion.

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