Alibaba aims to add primary listing in Hong Kong, woo China investors

Removes Ant executives amid shake-up, increased scrutiny

Alibaba plans to add a primary listing in Hong Kong to its New York presence, targeting investors in mainland China as it becomes the first big company to take advantage of a rule change in the financial hub to attract high-tech Chinese firms.

Also, Alibaba Group has removed all executives of financial affiliate Ant Group from its partnership, shaking up a key structure that maintains control of the e-commerce giant. 

The Hangzhou-based company removed Ant executives, including Chairman and CEO Eric Jing, Chief Technology Officer Ni Xingjun and five others from its partnership, according to an annual report published on Tuesday.

The e-commerce