Alibaba Group Holding has shown interest in listing on one of mainland China’s own stock exchanges, sources told the Wall Street Journal, a few weeks after the government’s announced openness for offshore-listed tech giants to list back home.
Alibaba is currently listed on the New York Stock Exchange, along with other major Chinese tech companies such as Baidu Inc., JD.com Inc, and Tencent Holdings Ltd.
The e-commerce firm said that a secondary listing in China could go ahead as early as this summer if the country’s financial regulation decides to permit foreign companies to list. “Since our IPO in the US, we have stated that if regulations allow, we would consider a listing in China,” an spokesperson for Alibaba told Reuters.
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