Evergrande Property ‘prices at lower end’ in $1.8bn Hong Kong IPO November 26, 2020 Evergrande Property Services Group – part of China’s second-biggest property developer – reportedly achieved the lower end of expectations to raise $1.8bn in its major Hong Kong IPO. The public offering priced at HK$8.80 (85p) per share, according to sources who spoke to Reuters. The marketed range was HK$8.50 to HK$9.75. It comes with Evergrande [...]
Alibaba billionaire Jack Ma named China’s richest man October 10, 2018 Alibaba founder Jack Ma has been named as the richest man in China for the second time in recent years after his wealth rose more than a third to $39bn (£29.6bn). Ma last topped the Hurun rich list in 2014 but has regained his position at the top after a new round of investment in [...]
Amazon’s Jeff Bezos and Facebook’s Mark Zuckerberg help boost world’s wealthiest by $1 trillion, Bloomberg billionaires index finds December 27, 2017 The world’s wealthiest people added a collective $1 trillion to their riches in 2017, with Amazon mogul Jeff Bezos making the greatest gains off the back of a standout year for the technology and retail giant. And the rich are getting richer, gaining four times more than they did in 2016, according to Bloomberg’s Billionaires [...]
Wayne Rooney confirms he is staying at Manchester United after China links February 23, 2017 Manchester United and England skipper Wayne Rooney has ended speculation of an imminent move to China by confirming his intention to remain at Old Trafford. It is believed that Rooney's agent, Paul Stretford, had travelled to the Far East in a bid to explore potential offers from suitors in the lucrative Chinese Super League. United boss [...]
Alibaba’s sports arm invests $100m into rugby in China and sets ambitious targets for growth October 26, 2016 Alibaba will invest $100m (£82m) into Chinese rugby over the next 10 years as part of a joint initiative with World Rugby to grow the game in the world's most populous country. Alisports, the sporting arm of e-commerce giant Alibaba, says it wants to bring 1m new players into the " great Olympic team sport" within the next [...]
AC Milan who? Alibaba’s Jack Ma laughs off takeover talk April 28, 2016 Alibaba founder Jack Ma has scoffed at reports he is on the verge of buying a controlling stake in Italian football giants AC Milan. Reports had suggested Ma, Asia’s richest man with a net worth of $33.3bn (£22.7bn), was leading a consortium looking to buy a 70 per cent stake in the club currently owned [...]
Chinese Super League spending: Wayne Rooney could follow Ramires with Premier League stars targeted by football’s future superpower February 12, 2016 Jiangsu who? Following Chelsea’s Ramires £21m move to the Chinese city of Nanjing to play for the Super League club Jiangsu Suning, many football fans have been left to ask who and why? The Nanjing club is hardly the best known, nor the most successful, in China. Last season they could only finish ninth in [...]