The reporter learned from relevant channels that Jack Ma, the founder of Alibaba, for the first time confirmed to the employees in the group annual meeting held yesterday afternoon that Alibaba has started the Hong Kong listing procedure. Industry insiders analyzed that if Alibaba's B2B company successfully lists in Hong Kong, it will create the largest scale of Chinese Internet company listings, and is expected to become the largest technology stock in Hong Kong's history. The total valuation of the group may exceed 1 billion US dollars, surpassing Tencent, Baidu, and NetEase. In addition, due to the relatively high proportion of employee shareholding in Alibaba, this event may create a new record for mainland listed companies in terms of the number of millionaires produced.