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Tag: Hong

Fortnum & Mason reports bumper year despite Hong Kong protests | Business

Upmarket department store Fortnum & Mason has reported another year of bumper sales and profits but said its new Hong Kong store had been hit by the pro-democracy protests. Its chief executive Ewan Venters said sales in the territory were running at only half the level expected since it opened its doors last week but …

Fortnum & Mason reports bumper year despite Hong Kong protests | BusinessRead More

Alibaba in solid Hong Kong debut, trades at small premium to New York, Retail News, ET Retail

By Kane Wu and Scott Murdoch HONG KONG, – Alibaba Group‘s Hong Kong shares made a solid debut on Tuesday, trading 6.9% higher than their issue price and at a small premium to pricing in New York after marking the world’s largest stock sale this year. The Chinese e-commerce giant has raised at least $11.3 …

Alibaba in solid Hong Kong debut, trades at small premium to New York, Retail News, ET RetailRead More

Alibaba to pay banks up to $32.3 mln in fees for Hong Kong listing, Retail News, ET Retail

By Scott Murdoch Alibaba will pay its investment banking syndicate up to $32.3 million for leading its Hong Kong listing which will raise up to $12.9 billion, according to documents filed with U.S. securities regulators. The Chinese e-commerce giant employed two co-sponsors, China International Capital Corporation (CICC) and Credit Suisse , to head the deal …

Alibaba to pay banks up to $32.3 mln in fees for Hong Kong listing, Retail News, ET RetailRead More

Alibaba will raise up to $12.9 bln in Hong Kong listing -sources, Retail News, ET Retail

By Scott Murdoch HONG KONG, – Chinese e-commerce giant Alibaba will raise up to $12.9 billion in its Hong Kong secondary listing, pricing its shares at a 2.8% discount to their last closing price in New York, two sources with direct knowledge of the matter said. The company has given guidance to prospective institutional investors …

Alibaba will raise up to $12.9 bln in Hong Kong listing -sources, Retail News, ET RetailRead More

Alibaba to close books early for $13.8 billion Hong Kong listing

A logo of Alibaba Group is seen during Alibaba Group’s 11.11 Singles’ Day global shopping festival at the company’s headquarters in Hangzhou, China, November 11, 2019. Aly Song | Reuters Alibaba will close its order books to institutional investors early for its upcoming secondary listing in Hong Kong, a sign that demand for shares is …

Alibaba to close books early for $13.8 billion Hong Kong listingRead More

Why is Alibaba listing in Hong Kong?, Retail News, ET Retail

Chinese e-commerce giant Alibaba is set to price its first share sale in Hong Kong next week, raising up to $13.4 billion in what will be the largest deal in the city since 2010 and the world’s biggest ever cross-border secondary listing. WHY IS ALIBABA LISTING IN HONG KONG?Analysts say establishing a base outside the …

Why is Alibaba listing in Hong Kong?, Retail News, ET RetailRead More

Alibaba praises Hong Kong at start of retail campaign for $13 bln listing, Retail News, ET Retail

By Scott Murdoch HONG KONG, – Alibaba Group Chairman Daniel Zhang said Hong Kong’s “future is bright” as the ecommerce giant kicked off the retail campaign for its secondary listing in the city gripped by increasingly violent protests and recession. In a first for the Asian financial hub, Alibaba said the listing would be fully …

Alibaba praises Hong Kong at start of retail campaign for $13 bln listing, Retail News, ET RetailRead More

Alibaba prices Hong Kong listing, looks to raise up to $13.8 billion

The Alibaba Group Holdings Ltd. headquarters stand illuminated at night ahead of the annual November 11 Singles’ Day online shopping event in Hangzhou, China, on Sunday, Nov. 10, 2019. Qilai Shen | Bloomberg | Getty Images Alibaba announced pricing of shares for its upcoming secondary listing in Hong Kong in which it could raise up …

Alibaba prices Hong Kong listing, looks to raise up to $13.8 billionRead More

Burberry and Cathay Pacific profits dented by Hong Kong protests | Business

Two companies with substantial interests in Hong Kong have announced figures that underline the damage being inflicted on the economy by the continuing anti-government protests. Burberry said its sales were down more than 10% and it had slashed £14m off the value of its 12 stores in the territory. Separately, the airline Cathay Pacific said …

Burberry and Cathay Pacific profits dented by Hong Kong protests | BusinessRead More

China retail giant Alibaba given OK for huge Hong Kong listing, Retail News, ET Retail

Hong Kong: Chinese online retail titan Alibaba has been given the go-ahead to list shares in Hong Kong, reports said Wednesday, in what could be the city’s biggest IPO in almost a decade. Approval for the sale will also give the city’s financial authorities a huge boost as Hong Kong is battered by months of …

China retail giant Alibaba given OK for huge Hong Kong listing, Retail News, ET RetailRead More