By John Glenday

The New York Stock Exchange has emerged victorious in a battle with the Nasdaq to become later this summer.

A spokesperson for the NYSE said: “We participated in a comprehensive and deliberate exchange selection process and we are pleased to welcome Alibaba Group to the New York Stock Exchange, where they will join our network of the world’s best companies and leading brands.”

The listing comes as digures supplied by eMarketer show the type of explosive growth from which the NYSE can benefit going forward, with Chinese retail ecommerce sales set to Read full story ›

Source: The Drum