JD, Alibaba stock exodus from New York intensifies


Alibaba Group Holding Ltd’s Hong Kong-listed share portion rose to 56% from 53% during the same period, according to the data.

BEIJING: Investors are shifting more of their shares in Chinese eCommerce giants to the Hong Kong market, as Beijing’s efforts have yet to dispel concerns over the companies’ eligibility to remain listed on Wall Street.

About 77% of JD.com Inc’s shares are circulating in Hong Kong’s clearing and settling system as of Tuesday, versus 44% at the beginning of this year, according to Bloomberg calculations based on stock exchange data.

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