Alibaba said in a press statement on Tuesday that the IPO will be finalized by the end of the year. CEO Daniel Zhang said the business wanted to list in Hong Kong “in the interests of nurturing a bigger and more varied investor base to partake in Alibaba’s development and future, notably from China and other countries in Asia.” Zhang pointed out that financial hubs that share openness and variety include Hong Kong and New York. We have complete faith in China’s economy and future, and Hong Kong serves as the springboard for Alibaba’s international plan. Zhang omitted mention of...