Alibaba Plans Stock Split as It Preps Giant Listing

Alibaba Plans Stock Split as It Preps Giant ListingChina’s largest company is proposing to increase the number of ordinary shares eight-fold to 32 billion, it said in a statement. The proposal will be discussed and put to a vote at its annual general meeting in Hong Kong on July 15. Alibaba is said to have filed for a listing in Hong Kong last week via a confidential exchange application.