EDM 1 – Issue 476

Alibaba comes back to Hong Kong with a ‘homecoming’ share sale

Plus: a better month for Lei Jun as Kingsoft soars on STAR debut; how Perfect Diary triumphed over bigger cosmetic brands; and the State Council warns two big banks to serve smaller borrowers better

Also: calls for caution as Chinese stocks join global indices; how short-video app Kuaishou is set to bet big on Spring Gala splash; and meet Magi, the new search engine taking on Baidu