Hong Kong and New York battle for IPO dominance


When Jack Ma criticised Hong Kong last month for having outdated stock market listing practices, the Alibaba founder hit the city where it hurts.

Hong Kong's rivalry with New York has only heightened since the billionaire chose the US for his ecommerce group's initial public offering two years ago.

And next year, the battle between the world's two largest listing centres will only become more heated, as three Chinese tech stocks face the same choice as Mr Ma.

Read more at CNBC