Daniel Zhang Yong, CEO of Alibaba Group, and others celebrate the company's stock trading debut at the headquarters of the Hong Kong Exchanges and Clearing in Hong Kong on November 26, 2019. It joins the Hang Seng Composite Index Monday, and is expected to be available on the Stock Connect at some point next year. Photo: Sam Tsang Daniel Zhang Yong, CEO of Alibaba Group, and others celebrate the company's stock trading debut at the headquarters of the Hong Kong Exchanges and Clearing in Hong Kong on November 26, 2019. It joins the Hang Seng Composite Index Monday, and is expected to be available on the Stock Connect at some point next year. Photo: Sam Tsang
Daniel Zhang Yong, CEO of Alibaba Group, and others celebrate the company's stock trading debut at the headquarters of the Hong Kong Exchanges and Clearing in Hong Kong on November 26, 2019. It joins the Hang Seng Composite Index Monday, and is expected to be available on the Stock Connect at some point next year. Photo: Sam Tsang
Investing

Savvy New York Alibaba traders bagging profits through a temporary arbitrage opportunity

  • Alibaba’s Hong Kong-traded shares have cost as much as US$7.68 more than its US stock certificates
  • More confidence in the e-commerce giant by investors closer to home explains the gap

Topic |   Investing
Daniel Zhang Yong, CEO of Alibaba Group, and others celebrate the company's stock trading debut at the headquarters of the Hong Kong Exchanges and Clearing in Hong Kong on November 26, 2019. It joins the Hang Seng Composite Index Monday, and is expected to be available on the Stock Connect at some point next year. Photo: Sam Tsang Daniel Zhang Yong, CEO of Alibaba Group, and others celebrate the company's stock trading debut at the headquarters of the Hong Kong Exchanges and Clearing in Hong Kong on November 26, 2019. It joins the Hang Seng Composite Index Monday, and is expected to be available on the Stock Connect at some point next year. Photo: Sam Tsang
Daniel Zhang Yong, CEO of Alibaba Group, and others celebrate the company's stock trading debut at the headquarters of the Hong Kong Exchanges and Clearing in Hong Kong on November 26, 2019. It joins the Hang Seng Composite Index Monday, and is expected to be available on the Stock Connect at some point next year. Photo: Sam Tsang
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