On August 23, Alibaba announced on the Hong Kong Stock Exchange that the voluntary conversion from secondary listing to primary listing on the Hong Kong Stock Exchange will take effect on August 28, 2024. On the effective date, Alibaba 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 RMB counters.
Alibaba stated that this voluntary conversion to a dual primary listing does not involve Alibaba's new stock issuance or financing.