Alibaba Group announced on August 23 the addition of Hong Kong as a primary listing location, with the main listing on the Hong Kong Stock Exchange set for tomorrow. This makes Alibaba dual-listed on both the Hong Kong and New York Stock Exchanges. Since its secondary listing in Hong Kong in 2019, most of Alibaba’s public shares have moved to Hong Kong, where the company ranks among the top three in market value and trading volume. The dual primary listing, which does not involve new shares or fundraising, is expected to be completed by early September, with mainland Chinese investors likely able to trade Alibaba shares around September 9.