Alibaba Group Executive Chairman Jack Ma. Photo by Marianna Massey/Getty Images

Alibaba has filed confidentially for a secondary listing in Hong Kong, Bloomberg and Reuters reported on Thursday, citing sources familiar with the matter.

Details: The deal is being led by Chinese investment bank CICC and Swiss-based Credit Suisse, according to the news organizations. The Chinese e-commerce giant filed the application this week without the need for financial disclosures, Bloomberg reports. It comes 5 years after Alibaba raised $25 billion via an IPO in New York.

Go deeper: Alibaba weighs $20 billion secondary offering in Hong Kong

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Parties trade election influence accusations at Big Tech hearing

Photo: Michael Reynolds/Pool/AFP via Getty Images

A Senate hearing Wednesday with Big Tech CEOs became the backdrop for Democrats and Republicans to swap accusations of inappropriate electioneering.

Why it matters: Once staid tech policy debates are quickly becoming a major focal point of American culture and political wars, as both parties fret about the impact of massive social networks being the new public square.

36 mins ago - World

Germany goes back into lockdown

Photo: Fabrizio Bensch/Pool/AFP via Getty Images

German Chancellor Angela Merkel will enact one of Europe's strictest coronavirus lockdowns since spring, closing bars and restaurants nationwide for most of November, Reuters reports.

Why it matters: Germany is the latest European country to reimpose some form of lockdown measures amid a surge in cases across the continent.

How overhyping became an election meddling tool

Illustration: Annelise Capossela/Axios

As online platforms and intelligence officials get more sophisticated about detecting and stamping out election meddling campaigns, bad actors are increasingly seeing the appeal of instead exaggerating their own interference capabilities to shake Americans' confidence in democracy.

Why it matters: It doesn't take a sophisticated operation to sow seeds of doubt in an already fractious and factionalized U.S. Russia proved that in 2016, and fresh schemes aimed at the 2020 election may already be proving it anew.

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