Goldman Sachs released a report stating that Alibaba will be listed on both the Hong Kong Stock Exchange and the New York Stock Exchange starting this Wednesday (28th). According to the Hong Kong Stock Connect, Alibaba is expected to be included in the Hong Kong Stock Connect shortly after completing its main listing in Hong Kong, potentially bringing in a net inflow of $150 to $16 billion in potential funding. Goldman Sachs maintains a 'buy' rating for Alibaba with a target price of HKD 105, believing that Alibaba's GMV growth will accelerate again this year, demonstrating the effectiveness of its growth adjustment and user-centric development strategy, and that its strategic focus on Taobao and Tmall as core growth businesses is progressing smoothly.
大行评级｜高盛：阿里完成双重主要上市为港股通铺路 维持“买入”评级
Credit rating from Goldman Sachs: Alibaba completes dual primary listings to pave the way for Hong Kong Stock Connect, maintaining a "buy" rating.
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