Alibaba is listed on the New York Stock Exchange in the United States, which means that Alibaba’s stocks must be participated in through U.S. securities companies. There are mainly the following methods:

1. Open a US stock account and purchase directly. First of all, you need to choose a qualified brokerage. You can choose an online brokerage or a domestic brokerage in the United States, such as the top ten investment banks. After that, fill in the information according to the process and submit scanned copies of ID card, household register, driver's license or passport, etc., and it can be done in 2-3 days at the fastest.

It is difficult to find local securities companies in the United States, but you can open a US stock account through some relevant securities companies, or Hong Kong subsidiaries such as HSBC and Citigroup, and participate in investing in US stocks.

2. The second is Alibaba-related products customized by investment funds. Mainland investors can participate in Alibaba IPO investment by purchasing overseas products customized by domestic fund companies. Some fund management institutions will have specialized overseas US stock private equity funds or cross-border LOF funds.

3. By transferring the stocks of internal Alibaba employees. The shares held by Alibaba's internal employees can be transferred through a private equity transfer agreement, and then the shares will be registered on the New York Stock Exchange. In the future, investors can open a US stock account and then sell them.

4. Use an American acquaintance to open a U.S. local U.S. stock account on your behalf to purchase. Or Alibaba will use 6% of its shares for a "directional allotment plan" to distribute shares to relatives and friends. This plan refers to the company assigning a portion of stock subscription rights to the company's employees and their relatives and friends at the IPO price before going public. It is regarded as a means to expand the shareholder base and reward insiders, involving approximately US$1.2 billion. So, if you have relatives or friends working at Alibaba, pick up the phone and order now! (But it seems a bit late to call now)

Chinese investors do not need to pay U.S. capital gains tax, but they need to pay dividend tax. Different U.S. brokerages have different requirements for account opening funds, ranging from US$500 to Ranging from $10,000.