Alibaba (NYSE:BABA) is holding off on a potential Hong Kong IPO of its Freshippo supermarket chain. The Chinese tech behemoth estimated the grocery business could achieve a valuation of around $4 ...
Alibaba Grocery IPO on Backburner as Valuations Disappoint
Alibaba Group Holding Ltd. is putting a potential Hong Kong initial public offering of its Freshippo grocery chain on the backburner amid weak sentiment for consumer stocks, people with knowledge of ...
Alibaba grocery unit IPO put on ice amid disappointing valuation – Bloomberg News
Sept 8 (Reuters) - China's Alibaba Group Holding Ltd (9988.HK) is putting a potential Hong Kong initial public offering of its Freshippo grocery chain on hold amid weak sentiment for consumer stocks, ...
Hong Kong Flooded by Heaviest Rains in Over a Century
The metro has been inundated, cars were swept away and stock trading was canceled as the deluge outdoes wreckage from last week’s supertyphoon.
HSBC to stop providing money transfer services inside Russia and to Belarus for its corporate clients
MOSCOW. Sept 8 (Interfax) - The British banking group HSBC will stop providing funds transfer services to corporate clients in Russia and Belarus from October 27 due to sanctions imposed against these ...
This Beam Suntory exec has worked in Russia, Slovakia, and Hong Kong. She thinks more people should consider a global career
- Around the world. Throughout her career, Jessica Spence has worked in Russia, Slovakia, Poland, Hong Kong, Denmark, and now New York. It's the kind of global trajectory that not everyone ...
Hong Kong’s heaviest rain in at least 139 years triggers widespread flooding after typhoon
City sets hourly rainfall record as emergency services carry out rescues, while neighbouring Shenzhen gets heaviest falls since records began in 1952 ...
As war grinds on, HSBC halts Russia payments
HSBC will halt commercial payments by business customers to and from Russia and Belarus, the bank said on Friday, as lenders tighten restrictions beyond sanctions imposed after Russia's invasion of ...
Black storm warning in Hong Kong as over 6 inches of rain falls in one hour
Heavy rain in Hong Kong overnight flooded city streets and some subway stations, with hundreds evacuated and two deaths reported.
Asia markets fall as Japan economy grows slower than expected; Hong Kong cancels Friday trading
Asia-Pacific markets are set for a mixed open as Japan releases its trade balance for July, as well as its revised second quarter gross domestic product figures. Hong Kong markets may see limited ...
China’s Ant Group unveils finance AI model as race heats up
Ant Group unveiled a finance-specific artificial intelligence (AI) model on Friday and started testing consumer and professional apps for the product, joining a crowded race to deploy AI in heavily ...
Vesttoo: Red flags raised regarding HK / China “investors” as early as 2021
While the industry will spend its time poring over the initial findings of the fraud investigation at Vesttoo, one thing that stands out is the fact ...
Hong Kong, Shenzhen deluged by heaviest rain on record
The Asian financial hub of Hong Kong was drenched on Friday by the heaviest rain since records began 140 years ago, killing one person and injuring 83, media reported, as unusually wet weather caused ...
Rain pouring onto Hong Kong and southern China floods city streets and subway stations
Rain pouring onto Hong Kong and southern China overnight flooded city streets and some subway stations, halting transportation and forcing schools to close ...