‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Ant Group listing to be ‘world’s biggest’, Alibaba founder says October 24, 2020 The dual listing for Chinese fintech giant Ant Group will be the world’s biggest, Jack Ma, the billionaire founder of Alibaba, said. “It’s the first time that the pricing of such a big listing – the largest in human history – has been determined outside New York City” he told the Bund Summit in the [...]
Alibaba gets lockdown revenue boost as US threat looms August 20, 2020 Alibaba today posted better-than-expected revenue and profit in its latest quarter as the coronavirus lockdown boosted trading in its core ecommerce business. The Chinese conglomerate booked revenue of 135.8bn yuan (£14.9bn) in the three months to the end of June, up 34 per cent on the same period last year. Net income also jumped from [...]
Alibaba profit tumbles despite Covid-19 lockdown sales boost May 22, 2020 Alibaba today reported a plunge in profit during the fourth quarter as investment losses offset a surge in ecommerce sales during the coronavirus lockdown. The Chinese tech behemoth reported an 88 per cent decline in net income to 3.2bn yuan (£368m) in the three months to the end of March. The group said the decrease [...]
Transferwise partners with Alipay as it targets expansion into China March 17, 2020 Transferwise has teamed up with Chinese payment platform Alipay to offer its users money transfers to China, as the London-based payments company moves to expand into the lucrative market. Under the partnership, Transferwise’s users will be able to send Chinese yuan from 17 currencies to users of Alipay, a subsidiary of e-commerce giant Alibaba. Alipay [...]
Alibaba IPO: E-commerce giant’s shares jump on blockbuster Hong Kong debut November 26, 2019 Alibaba, the Chinese online retail giant, has enjoyed a surge in its share price after floating on the Hong Kong stock exchange, in one of the year’s most hotly anticipated Initial Public Offerings. The firm, which is already listed in the US, raised around £8.8bn in its secondary listing, with chairman Daniel Zhang cheering on [...]
Alibaba to raise up to $12.9bn in landmark Hong Kong listing November 20, 2019 Alibaba is set to raise up to $12.9bn (£10bn) from its record-breaking second listing in Hong Kong, pricing its shares at a 2.8 per cent discount to their New York close. The Chinese e-commerce giant is set to officially announce the terms of the deal later on Wednesday, but investors have been told 176 Hong [...]
Alibaba poised to launch record-breaking $13.4bn Hong Kong listing November 13, 2019 Alibaba has launched the share sale for its Hong Kong listing, in a $13.4bn (£10.4bn) fundraising effort that’s set to be the biggest cross-border secondary listing ever. The Chinese online retail giant opened the books for institutional investors looking to buy the shares during trading in New York on Wednesday after winning approval for the [...]
Alibaba’s secondary Hong Kong listing gets exchange approval November 13, 2019 Alibaba has been given the green light by the Hong Kong stock exchange (HKEX)for a secondary listing in the city that could raise up to $15bn (£11.7bn), in what is set to be one of the biggest fundraisings in the world this year. The Chinese online retail giant is set to begin a week-long investor [...]
Alibaba chairman Jack Ma steps down September 10, 2019 Alibaba chairman Jack Ma will retire from the Chinese e-commerce giant today, marking the occasion with a huge farewell party. Ma co-founded the business, which has become one of the world’s biggest internet firms, 20 years ago in Hangzhou in eastern China. Read more: Alibaba delays Hong Kong listing over protests The entrepreneur will hand [...]
Alibaba delays Hong Kong listing over protests August 21, 2019 Chinese e-giant Alibaba has reportedly delayed a $15bn (£12bn) Hong Kong listing, scared off by protests that have rocked the city for more than two months. There is no formal timetable for when the listing will happen, but the company may go to market in October, sources told Reuters. Read more: Softbank earns $11bn for [...]