In a regulatory filing, Alibaba Group Holding Limited announced it has filed an application with the stock exchange of Hong Kong Limited, or the Hong Kong Stock Exchange, in connection with a proposed secondary listing of its ordinary shares on the main board of the Hong Kong Stock Exchange together with a Hong Kong initial public offering and a global offering of the shares.

The listing application contains supplemental descriptions and additional new descriptions of certain aspects of its business and financial information as required by the Hong Kong Stock Exchange Listing Rules as well as updated disclosure of certain information previously disclosed in its annual report on Form 20-F for the year ended March 31, 2019, the company noted.

"As we have applied for a secondary listing on the Hong Kong Stock Exchange, the New York Stock Exchange will continue to be our primary listing venue. We have also applied for a number of waivers and/or exemptions from strict compliance with the Hong Kong Stock Exchange Listing Rules. If these applications are approved, we would be exempted from certain requirements to which other companies listed on the Hong Kong Stock Exchange are subject, as discussed in greater detail below. We do not expect the Listing to result in significant additional compliance or disclosure obligations for our company," Alibaba added.