Reported about 2 months ago
Alibaba's long-anticipated link to China's stock exchanges may inject nearly $20 billion into the company's shares, potentially stabilizing its performance amid a struggling economy and increased competition. This move, planned amid regulatory pressures and geopolitical tensions, would allow mainland investors to buy Alibaba stocks, which have underperformed compared to rivals like Tencent. As shareholder approval approaches, analysts are optimistic that this new access could bolster investor sentiment and lead to a revival in Alibaba's stock price.
Source: YAHOO