According to Zhitong Finance APP, Joseph Tsai, chairman of Alibaba (09988), stated at the "International Financial Leaders Investment Summit" in Hong Kong that the group's dual primary listing in Hong Kong and New York allows it to reach mainland investors through the connectivity mechanism. The company conducts 90% of its business in mainland China, and users and customers familiar with the company's products can invest in Alibaba. Since becoming dual primary listed for several months, about 4% of public shares are held by mainland investors, with 15% of trading volume coming from mainland investors, bringing significant liquidity to the company. Joseph Tsai mentioned that artificial intelligence (AI) and cloud technology are like a hand and glove relationship. Currently, the company is the largest cloud company in China, whether by market share or technology, having invested in cloud technology 15 years ago out of its own needs