Alibaba

By Lulu Yilun Chen Jack Ma’s Ant Group Co. is set to raise almost $35 billion through initial public offerings in Shanghai and Hong Kong, a blockbuster listing that will rank as the world’s biggest share sale ever. The fintech priced its Shanghai stock at 68.8 yuan ($10.27) apiece and…

Business26 Oct, 2020 05:00 AM3 minutes to readJack Ma, founder of the Alibaba Group, says the Basel Accords are like an old people's club...we can't use yesterday's methods to regulate the future. Photo / APFinancial TimesBy: Yuan YangAlibaba founder Jack Ma has blasted international financial regulations and said China needs…

Jack Ma pictured at the Bund Summit in Shanghai. Photo: Weibo Alibaba founder said prices for Ant Group has been determined on Friday night Billionaire compares traditional banks to ‘pawn shops’ and questions whether Basel Accords are suitable for China Topic |   Ant Group Published: 10:15pm, 24 Oct, 2020 Updated: 10:46am,…

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Business The mammoth dual listing for Chinese fintech giant Ant Group will be the world's biggest, according to a pricing determined on Friday night, Alibaba founder Jack Ma said on Saturday. FILE PHOTO - Jack Ma, founder and executive chairman of China's Alibaba Group, speaks in front of a picture…

“Everyone knows buying IPO shares makes good profits as most shares trade up on debut,” said a banker working on Ant’s STAR IPO, declining to be named as he was not allowed to speak about the process. “The demand has been rather strong for Ant shares.”WOOING MAINLAND INVESTORSHong Kong-based brokerages…

Chinese e-commerce giant Alibaba (NYSE: BABA) plans to fully open its conversation artificial intelligence (AI) to other companies, especially those in the smartphone and home appliance sectors, the company confirmed with KrASIA on Friday. This move comes months after Alibaba announced a RMB 10 billion (USD 1.5 billion) investment plan…

Go deeperQuibi says it's shutting downPhoto: Igor Golovniov/SOPA Images/LightRocket via Getty ImagesQuibi, the mobile-only video subscription streaming service, is shutting down, the company announced Wednesday. The company said the decision was made to preserve shareholder equity.Why it matters: Quibi had struggled to hit its subscriber growth targets amid the global…

AQUMON, a Hong Kong-based robot advisor wealth management company, has completed a Pre-B round of additional investment from Lenovo Ventures, Zheng He Capital, Alibaba Entrepreneurs Fund, Wing Lung Bank Family Office, and Hong Kong Cyberport. The financial details of the fundraising were not disclosed. As one of the largest online…

China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money each workday. UNLOCK DATASubscribe & Access the Best Data and Intelligence on Chinese Venture Capital and TechRegister…