New 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. The firm has had a secondary listing in Hong Kong since 2019, when it joined the slew of Chinese companies holding what
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