Hong Kong, 26th July: Earlier this week, the leading e-commerce company in China, Alibaba Group, announced it will apply for a primary listing on the Main Board of the Hong Kong Stock Exchange.

The company currently maintains a secondary listing on the Main Board of Hong Kong Stock Exchange. The primary listing process is expected to be completed at the end of 2022, making Alibaba a dual-primary listed company on the New York Stock Exchange and the Hong Kong Stock Exchange.