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it home reported on september 9 that alibaba announced today that according to the announcements issued by the shanghai stock exchange and the shenzhen stock exchange respectively, the company's common shares traded on the hong kong stock exchange have been included in the shanghai-hong kong stock connect and the shenzhen-hong kong stock connect, which will take effect on september 10, 2024. after being included,qualified investors in mainland china will be able to directly trade alibaba group common stock。

image source: alibaba official website

on august 28, alibaba announced that it had officially completed its dual primary listing in hong kong, becoming a company with dual primary listings on the hong kong stock exchange and the new york stock exchange. the company's common shares listed on the hong kong stock exchange and its american depositary shares listed on the new york stock exchange continue to be convertible.

according to it home, the so-called dual listing means that both capital markets are the first listing place. if the company has already been listed in the us market, it will be listed in the hong kong market according to local market rules. the rules it must comply with are exactly the same as those required for companies that issue shares for the first time in hong kong. the stocks in the two markets cannot be circulated across markets, and the stock price performance is relatively independent.

alibaba's first quarter financial report for fiscal year 2025 showed that alibaba's revenue for the quarter was 243.24 billion yuan, compared with 234.156 billion yuan in the same period last year, a year-on-year increase of 4%; operating profit was 35.989 billion yuan, a year-on-year decrease of 15%.