Alibaba goes paperless for $13.4 billion listing in a first for Hong Kong - source
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HONG KONG (Reuters) - Alibaba Group will carry out Hong Kong’s first paper-less stock market listing with its $13.4 billion (£10.5 billion) share sale, according to a source with knowledge of the matter, ending the long-held tradition of Hong Kong investors queuing in bank branches to place stock orders. The decision to fully automate the retail subscription component of the deal comes as Hong Kong is gripped by increasingly violent civil unrest. This week, many shops in the financial..