Secondly, it is not likely that Alibaba will switch to Hong Kong as its main listing venue, which will greatly affect its stock price. Tencent is also listed on the Hong Kong Stock Exchange and remains the number one company in terms of market value in China. Alibaba's listing in Hong Kong is definitely not as high as its stock price in the United States, but in fact, it is mainly to have psychological endurance, including Jack Ma's net worth will decline.
