Alibaba Group Holding Ltd. is exploring a secondary stock exchange listing in mainland China as early as the summer, The Wall Street Journal reported March 15, citing people familiar with the matter.
The reported move would follow the e-commerce giant's initial public offering in September 2014 in New York and listing on the New York Stock Exchange.
However, any potential listing in China would require a change in the country's securities rules, which bar companies based abroad from a direct listing, one of the people told the Journal. Alibaba's primary businesses are based in China but the company is incorporated in the Cayman Islands.
A spokeswoman for Alibaba reportedly said the company has been exploring a Chinese listing since 2014, according to the report.
China's securities regulator did not respond to the Journal's request for comment.
