Alibaba included in Hong Kong Stock Connect, attracting $20B in investments.

Alibaba Group's shares rose significantly in Hong Kong after being included in the Stock Connect program, allowing mainland Chinese investors to buy its stock for the first time. This move, effective September 10, is projected to attract $20 billion in investments over the next year. The upgrade to dual primary listing status was earlier approved by shareholders, enhancing Alibaba's market access and potentially narrowing its valuation gap with competitors.

September 09, 2024
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