Alibaba Expects Primary Listing in HK by End of August, Break Even in 1-2 Years

Alibaba CFO Toby Xu announced that the company expects to complete its transition to a primary listing in Hong Kong by the end of August, pending shareholder approval. Additionally, Alibaba anticipates that most of its businesses, excluding its core e-commerce operations, will achieve breakeven within 1-2 years and begin contributing significantly to profitability.