(Updated - March 15, 2018 8:22 AM EDT)

Alibaba (NYSE: BABA) is working on a plan to list on a stock exchange in China, according to the Wall Street Journal. A secondary listing in China could happen as soon as this summer if the country's securities rules are changed to allows listings of foreign companies, the report said.

Alibaba is incorporated in the Cayman Islands and trades on the NYSE.