Filings uploaded today (but originally released Friday) announced a proposal for a one-to-eight stock split. Shareholders are invited to vote on the offer ahead of the company's annual general meeting on July 15. The initiative has already been approved by Alibaba's board, which is recommending that shareholders follow suit. The particularly interesting part of the filing is where Alibaba explains the reasons behind the stock split. "The Board of Directors is proposing the Share Subdivision to increase the flexibility for the Company in future capital market activities.