HONG KONG -- Shares of two New York-listed companies backed by Alibaba Group Holding rose on their debuts in Hong Kong on Tuesday, building momentum for the initial public offering of Ant Group as it prepares to face a stock exchange review.
Markets
Alibaba-backed ZTO and Baozun rise in Hong Kong debuts
Investors gather cash as Ant Group prepares to face listing committee
ZTO Express is one of several express delivery companies that has received investment from Alibaba. © Reuters
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