---
title: "Joseph Tsai: Dual primary listing brings a lot of liquidity to Alibaba"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/220058281.md"
description: "Alibaba Chairman Joseph Tsai stated at the \"International Financial Leaders Investment Summit\" in Hong Kong that the group's dual primary listing in Hong Kong and New York allows it to reach mainland investors through the connectivity mechanism. The company conducts 90% of its business in mainland China, and users and customers familiar with the company's products can invest in Alibaba. Since becoming a dual primary listed company a few months ago, about 4% of public shares are held by mainland investors, and 15% of the trading volume comes from mainland investors, bringing significant liquidity to the company. Joseph Tsai mentioned that artificial intelligence (AI) and cloud technology are like the relationship between hand and glove. Currently, the company is the largest cloud company in China, whether measured by market share or technology, having invested in cloud technology 15 years ago out of its own needs"
datetime: "2024-11-19T08:01:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/220058281.md)
  - [en](https://longbridge.com/en/news/220058281.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/220058281.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/220058281.md) | [繁體中文](https://longbridge.com/zh-HK/news/220058281.md)


# Joseph Tsai: Dual primary listing brings a lot of liquidity to Alibaba

According to Zhitong Finance APP, Joseph Tsai, chairman of Alibaba (09988), stated at the "International Financial Leaders Investment Summit" in Hong Kong that the group's dual primary listing in Hong Kong and New York allows it to reach mainland investors through the connectivity mechanism. The company conducts 90% of its business in mainland China, and users and customers familiar with the company's products can invest in Alibaba. Since becoming dual primary listed for several months, about 4% of public shares are held by mainland investors, with 15% of trading volume coming from mainland investors, bringing significant liquidity to the company.

Joseph Tsai mentioned that artificial intelligence (AI) and cloud technology are like a hand and glove relationship. Currently, the company is the largest cloud company in China, whether by market share or technology, having invested in cloud technology 15 years ago out of its own needs

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