👉 Background: Alibaba is the giant of all e-commerce giants. It started as a digital marketplace kinda like eBay where you could buy pretty much anything from mobile phones to coffins for your pets.

👉 What happened: Alibaba generated revenue of around US$134 billion in the financial year ending March 2022 - it's biiig. And as a public company, Alibaba currently has a primary listing on the New York Stock Exchange and a secondary listing on the Hong Kong Stock Exchange.

👉 What else: The Hong Kong Stock Exchange recently changed its rules to allow dual primary listings for tech companies it wants to attract, like Alibaba. This will give Alibaba the flexibility to de-list in New York if tensions between China and the US continue to rise.

What's the key learning?

💡 A dual listing is when a publicly listed company is listed on more than one exchange. Like Alibaba, or Block which is listed on the New York Stock Exchange and the ASX after acquiring Afterpay.

💡A dual listing gives companies access to more investors and more capital. Often, listing in two different time zones means the company's shares can be traded for longer, too.

💡In Alibaba’s case, dual listing means it can reach investors in two very different financial systems. This could also create a playbook for other Chinese companies that are listed in the US, like JD.com and Baidu.