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On August 16, in the conference call after Alibaba's financial report,Alibaba CFO Xu Hong said that the company is currently actively seeking to make Hong Kong the company's primary listing location.

Xu Hong revealed that Alibaba will hold a shareholders' meeting on August 22, when it will submit relevant proposals to shareholders. If approved by the shareholders' meeting, it is expected to complete the dual primary listing in New York and Hong Kong by the end of August.

As for whether it will be connected to the Hong Kong Stock Connect in the future, this mainly depends on the different processes of different exchanges. Alibaba will implement it according to specific procedures.

Alibaba was listed on the New York Stock Exchange on September 19, 2014, and on the Hong Kong Stock Exchange on November 26, 2019, becoming the first Chinese Internet company to be listed on both the Hong Kong Stock Exchange and the New York Stock Exchange.

The financial report shows that Alibaba's revenue in the first quarter of fiscal year 2025 (ending June 30) was 243.236 billion yuan, a year-on-year increase of 4%.

Net profit was 24.022 billion yuan, down 27% year-on-year. Excluding non-GAAP items, net profit was 40.691 billion yuan, down 9% year-on-year.

Source: https://www.top168.com/news/show-54206.html