An employee walks past a logo of Alibaba Technology Co. Ltd during a media tour organised by government officials at its headquarters on the outskirts of Hangzhou, Zhejiang province June 20, 2012. REUTERS/Carlos Barria
Reports about Ma’s decision wiped out Alibaba’s gains from earlier in the week when the firm announced it would seek a primary listing in Hong Kong to better access China’s vast pool of investors. Despite sweeping changes at Ant, Beijing last month denied it had started discussions on potentially reviving Ant’s IPO.
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