It feels like deja vu. I've been hearing this delisting subject since I'm vested in $Alibaba(09988)$. This ain't new and I won't be surprised this subject will be bought up again sometime in the future. The business didn't change overnight but as usual, the over reaction exceeds rationale even when it comes to 'recycle' news.
The positive take is that a primary listing in HK exchange is in the pipeline. Once approved it will give Alibaba more liquidity via the "HK connect" program which allows domestic investors (i.e chinese national) to invest in China companies listed in the HK exchange. This helps to increase trading volume in HK exchange and over time less dependent on US exchange. Currently, stock price like Alibaba are primarily driven by US exchange.
As usual in times like this, it is good to revisit our investment decisions on why we are vested in the business and question ourselves if there has been any change to our initial plan. Stay strong and good luck.
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K