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it home reported on september 15 that alibaba officially completed its dual primary listing in hong kong on august 28. according to the securities times, alibaba disclosed that as of august 28, alibaba co-founder and chairman joseph tsai held 276.75 million shares of the company, accounting for about 1.44%. according to previous disclosures, as of may 20, joseph tsai held 275.30 million shares of alibaba. in other words, in the past four months, joseph tsai has increased his holdings of about 1.45 million shares of alibaba.

image source: alibaba official website

according to it home, cai chongxin is not only the chairman of alibaba, but also the chairman of cainiao group. at the 2024 global smart logistics summit on september 10, cai chongxin said that alibaba encourages cainiao group to build a logistics network for the open market, serve diversified customer needs, and become the infrastructure of global business partners. in the next three years, cainiao plans to implement 1,000 digital projects around the world.

alibaba was recently officially included in the hong kong stock connect. on september 9, the shanghai stock exchange and the shenzhen stock exchange announced that alibaba will be officially included in the hong kong stock connect from september 10. this means that southbound funds can buy alibaba shares through the hong kong stock connect. on the first trading day, the hong kong stock connect's active stocks had a total turnover of hk$18.177 billion, accounting for 50.52% of the hong kong stock connect's turnover on that day, of which alibaba-w had a turnover of hk$8.636 billion, ranking first.

according to alibaba's first quarter financial report for fiscal year 2025 released on august 15, in the quarter ending june 30, 2024, alibaba achieved revenue of 243.236 billion yuan, a year-on-year increase of 4%; adjusted ebitda (earnings before interest, taxes, depreciation and amortization) was 51.161 billion yuan, a year-on-year decrease of 2%; net profit was 24.022 billion yuan, a year-on-year decrease of 27%; net profit attributable to ordinary shareholders was 24.269 billion yuan, a year-on-year decrease of 29%.