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
Chinese e-commerce giant Alibaba Group will raise up to $12.9 billion from its landmark Hong Kong listing and is set to price its shares at a 2.8% discount to their New York close,
For the first time in the UAE, the Emirates Diplomatic Academy (EDA) is hosting the Economic Diplomacy Seminar for the UAE and Saudi Arabia, aimed at strengthening the economic might of the two nations.
India’s foreign exchange reserves rose by $2.48 billion during the week ended Nov.29, official data showed. According to the Reserve Bank of India’s weekly statistical supplement,
The federal government has decided to establish border markets in the border areas with Afghanistan and Iran. In this regard, the premier has tasked the commerce ministry to complete necessary requirements