Alibaba Group Holding Ltd. will seek a primary listing in Hong Kong, entrenching the financial hub’s status as an alternative to US markets and paving the way for investors in China to directly buy shares of the country’s most prominent e-commerce company for the first time. China’s e-commerce leader said Tuesday it will apply to elevate its trading status in the Asian city, which will in turn allow Alibaba to seek inclusion in the Stock Connect link with the Shanghai and Shenzhen exchanges. ...
