Beijing Business Daily News (Reporter Qiao Xinyi) On August 23rd, Alibaba announced that on August 28th, the company's voluntary conversion from its second listing on the Hong Kong Stock Exchange to a primary listing will take effect. On the effective date, the company will be listed on both the Hong Kong Stock Exchange and the New York Stock Exchange, and the stock symbol [S] will be removed from the company's stock abbreviation on the Hong Kong Stock Exchange's Hong Kong dollar and Renminbi counters. Alibaba also stated that this voluntary conversion to a dual primary listing does not involve the company's new stock issuance or financing.