Cai Chongxin: Dual primary listings bring a lot of liquidity to Alibaba (09988).

Alibaba (09988) Chairman Eric Tsang, who attended the "International Financial Leaders Investment Summit" in Hong Kong, said that the group is dual-listed in Hong Kong and New York, with the advantage of being able to reach mainland investors through the mutual access mechanism. With 90% of the business in mainland China, those familiar with the company's products can invest in Alibaba. Since its dual primary listing a few months ago, about 4% of the public shareholding is held by mainland investors, with 15% of the trading volume coming from mainland investors, bringing a lot of liquidity to the company. Tsang said that artificial intelligence (AI) and cloud technology are like hand in glove. Currently, the company is the largest cloud company in China in terms of market share and technology. Fifteen years ago, they invested in cloud technology out of their own need.