Alibaba plans to apply for a primary listing in Hong Kong, becoming a dual-primary listed company in the US and Hong Kong, according to an official announcement from the company on Tuesday. The process is expected to be completed by the end of this year. Alibaba is already on the Hong Kong bourse through a secondary listing, which has been in place since 2019. A dual primary listing will also mean Alibaba can apply for the Stock Connect program, allowing mainland Chinese investors to invest in the company more easily. [Reuters]