Alibaba Group Holdings Ltd. signage is displayed outside the company's offices on July 14, 2022 in Beijing, China.
Mandatory Credit: Kuang Da/JIEMIAN NEWS/VCG/Getty Images
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Alibaba stock jumps after announcing Hong Kong primary listing
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.
