The logo of Alibaba Group is seen at the company’s headquarters in Hangzhou, China. Reuters
Shares in firms linked to Chinese online retail titan Alibaba were mixed on Friday a day after rallying on a report it had filed for a Hong Kong listing that could be the city’s biggest initial public offering for almost a decade.
China’s biggest e-commerce company Alibaba Group Holding has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters. Alibaba’s Hong Kong-listing plans are being closely watched by the financial community for indications on the business
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.
First Abu Dhabi Bank (FAB), today reported its full year financial results for 2019, announcing a net profit of Dhs12.5 billion, up 4 per cent from Dhs12.0 billion in 2018.
Rapid digitisation and growth in both online buyer base and spending will help India’s online food industry to become a $8 billion market by 2022 − growing at a CAGR of 25-30 per cent, a new report said on Tuesday.
Markets in Hong Kong, Taiwan and mainland China were closed Tuesday for Lunar New Year holidays, while South Korea's benchmark tumbled 3.1% to 2,176.72 as it reopened after its own holidays.
Japanese Economy Minister Yasutoshi Nishimura warned on Tuesday that corporate profits and factory production might take a hit from the coronavirus outbreak in China that has rattled global markets and chilled business confidence.