Alibaba Switches to Dual-Primary Listing in Hong Kong

The move allows the tech giant to access mainland China's vast pool of stock investors through the Stock Connect program.

Alibaba will convert to a dual-primary listing status on August 28, enhancing its stock's accessibility to mainland Chinese investors.
The change is expected to inject significant liquidity into Alibaba's shares, which have been underperforming in comparison to competitors.
Mainland investors could start trading Alibaba shares as early as September 9, pending approval from Shenzhen and Shanghai exchange operators.
The inclusion in the Stock Connect program may attract up to $12 billion in investments to Alibaba's stock within six months.
Alibaba's shares have risen 8% this year but remain 73% below their all-time high due to regulatory pressures and competition.