(Yicai Global) Aug. 26 -- Ant Group's submission of a listing prospectus to the Hong Kong Stock Exchange yesterday boosted Alibaba's market value to more than HKD6 trillion (USD774 billion).

Shares of Alibaba Group Holding [HKG: 9988] closed 4.2 percent higher today at HKD280.40 (USD36.18), giving the Chinese tech titan a market capitalization of HKD6.02 trillion.

Alibaba has a 32.65 percent stake in Ant, a Hangzhou-based fintech giant that is also the world's most valuable unicorn. The operator of China's largest mobile payments platform Alipay announced plans on July 20 to list on Shanghai's Nasdaq-like Star Market and the Hong Kong Stock Exchange.

Its Star Market application should come soon, even as early as this week, a source told Yicai Global earlier, adding that "the regulator is expected to review it fast."

Alibaba, China's most valuable company, debuted in Hong Kong last November through a secondary listing of shares. It is also traded in New York [NYSE: BABA].

Editor: Ben Armour