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Tag: Hong

Alibaba Group: Alibaba poised to launch record-breaking $13.4 billion Hong Kong share sale

HONG KONG (Reuters) – Chinese e-commerce giant Alibaba Group is poised to launch a Hong Kong share sale expected to raise up to $13.4 billion as soon as Thursday, according to two sources with knowledge of the discussions. While Alibaba executives are preparing for a Thursday launch, sources said the timing could slip depending on …

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Alibaba readies $13 billion Hong Kong listing before end of November

Attendees pass by an Alibaba.com display at CES 2019 in Las Vegas. David Becker | Getty Images Alibaba is planning a secondary listing in Hong Kong which is likely to take place in the last week of November and raise approximately $13 billion, a source with direct knowledge of the matter told CNBC. The Chinese …

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Police shooting rattles Hong Kong markets, investors count on Alibaba listing, Retail News, ET Retail

Hong Kong’s share index lost almost 3 per centas unrest in the Asian financial hub worsened on Monday, with police firing live rounds at anti-government protesters on the eastern side of island and firing tear gas at protesters in the Central business district. Investor sentiment suffered after a police officer shot and wounded one protester …

Police shooting rattles Hong Kong markets, investors count on Alibaba listing, Retail News, ET RetailRead More

Starbucks CEO says after Hong Kong protests ‘focus’ is on employee safety

Starbucks CEO Kevin Johnson said the coffee chain is focused on the safety of its baristas after Hong Kong protesters targeted its cafes. “We’re in 81 markets around the world, and we deal with geopolitical issues all the time, but my focus and my priority is really focusing on the safety and security of our …

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Alibaba to resume Hong Kong listing plans as soon as November -sources, Retail News, ET Retail

By Julie Zhu and Joshua Franklin HONG KONG/NEW YORK, – Alibaba Group Holding Ltd is eyeing a listing in Hong Kong as early as November to raise up to $15 billion, after political unrest put the move on ice earlier this year, people familiar with the matter said on Wednesday. Alibaba’s listing would boost Hong …

Alibaba to resume Hong Kong listing plans as soon as November -sources, Retail News, ET RetailRead More