If the Hong Kong Exchange did not deny Alibaba the initial public offering, what may have happened to the stakeholders of the Chinese internet giant?

a$.$ Stakeholder interests would be a focus because of the control the managers of Alibaba would have had.

b$.$ Stakeholder interests are not a concern because of China's control economy.

c$.$ Stakeholder interests may have not been addressed as diligently as they should, causing ar agency relationship problem.

d$.$ Stakeholder interests would have been ignored due to the large$-$block ownership concentration.

The Hong Kong Exchange denied Alibaba the IPO while the NYSE did not. Why would the