Alibaba's Hong Kong listing could raise up to US$20 billion as early as the third quarter of this year, predicts a source.
Chinese e-commerce giant Alibaba Group Holding Ltd. is said to be mulling a new listing in Hong Kong that would raise US$20 billion from investors.
Alibaba is looking at raising US$20 billion via a second listing in Hong Kong after a successful 2014 record breaking market in New York.
The collaboration will see the utilisation of cloud-empowered smart technologies to digitally transform the traffic management infrastructure in the city, with the potential to reduce travel time by 12%.
Revenue for the January-March period rose 51% year on year to 93.5 billion yuan, while net profit was 25.8 billion yuan.
The cloud business underpins Alibaba’s revenue growth, helping it offset saturation in its home e-commerce arena.
If Alibaba's successfully negotiates with banks to amend terms of its existing US$4 billion borrowing, it may get its cheapest dollar-denominated syndicated loan ever.
Alibaba will take a 14% stake in STO Express through a US$693 million deal.
Sun Art is also backed by China's biggest e-commerce company Alibaba.
Alibaba Group Holding is eyeing more Hollywood movies after the success of 'Green Book' at the Oscars and also expects more US exports into China.
Tencent-owned WeChat said the tally marked a 7% rise over the same period in 2018.
Shanghai-based Pinduoduo Inc plans to sell 37 million American depository shares according to a securities filing.
The programme is aimed at enabling entrepreneurs to embrace digital innovations to transform their businesses and the country’s economy, says Alibaba group vice-president Brian Wong.
China State media revealed last month that Ma - e-commerce giant Alibaba's founder - was a Communist Party member.
Megvii’s other investors include Boyu Capital, Ant Financial, SK Group, and the Russia-China Investment Fund, a venture backed by sovereign wealth funds of the two nations.
In addition to Club Med SAS, Fosun Tourism owns Atlantis Sanya, a luxury hotel development overlooking the South China Sea on Hainan island.
It was unclear why the paper chose to mention his affiliation now but it comes amid a push by Beijing to bring the country's private enterprises more in line with Party values.
Durian supplier Beho Fresh will be supplying Win-Chain with frozen whole Musang King durians for distribution on Tmall and other Chinese retail marketplaces owned by Alibaba.
Founder Lei Jun describes Xiaomi as an innovation-driven internet company, yet that’s only accounted for an average 9.2% of total revenue in the past two quarters.
Ia merujuk e-dagang China, Alibaba yang berupaya menganalisis sejumlah besar data tanpa menggunakan minda tetapi mesin untuk mengetahui apa yang boleh dipasarkan.
Popular items purchased overseas included mobile phones, wool coats and knitted sweaters.
Here is a history of Singles’ Day through the years.
While the majority of products sold are genuine, imitations abound.
A disproportionately large number of sales are recorded in the first minutes of the 24-hour spending spree, when transactions are recorded for items that have been put on hold.