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Alibaba launches $10 billion Hong Kong share placement to fund AI spending

Alibaba launches $10 billion Hong Kong share placement to fund AI spending

Aug 23 (Reuters) - China's Alibaba on Sunday launched a HK$80-billion ($10.2 billion) share placement to fund artificial intelligence-related development. A deal by the Chinese e-commerce and cloud computing giant would mark the largest-ever primary follow-on offering by a Hong Kong-listed company.
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Shein to pay nearly $40 million fees to expanded roster of Hong Kong IPO banks

Shein to pay nearly $40 million fees to expanded roster of Hong Kong IPO banks

By Selena Li HONG KONG, Aug 24 (Reuters) - Fast-fashion giant Shein said it would pay up to HK$306 million ($39 million) in total fees for an expanded line up of underwriters of its Hong Kong initial public offering, its prospectus showed on Monday.
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Investment Experts Warn Against Over-Reliance on S 500 ETFs Due to Concentration Risk

Investment Experts Warn Against Over-Reliance on S 500 ETFs Due to Concentration Risk

Investment Experts Warn Against Over-Reliance on S 500 ETFs Due to Concentration Risk
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Snoring, subways and stealth ads: how big pharma targets China's waistline

Snoring, subways and stealth ads: how big pharma targets China's waistline

By Andrew Silver SHANGHAI, Aug 24 (Reuters) - Weight-loss drugmakers, vying to tighten the belts of Chinese consumers, are promoting obesity awareness in metro stations, exercise studios and soccer stadiums as local restrictions prevent the direct advertising of prescription medicines in the world’s
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Alibaba plans $10 billion Hong Kong share placement to fund AI spending

Alibaba plans $10 billion Hong Kong share placement to fund AI spending

Aug 23 (Reuters) - China's Alibaba said on Sunday it plans to sell HK$80 billion ($10.2 billion) in a share placement to fund artificial intelligence-related development.
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Chinese robot beats Usain Bolt's 100m world record at Beijing games

Chinese robot beats Usain Bolt's 100m world record at Beijing games

By Eduardo Baptista and Qiaoyi Li BEIJING, Aug 23 (Reuters) - A Chinese humanoid robot ran 100 metres in 9.39 seconds in a preliminary heat at the World Humanoid Robot Games in Beijing on Saturday, faster than the men's world record held by Jamaican sprinting great Usain Bolt.
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Shein's pursuit of an IPO: From New York to London to Hong Kong

Shein's pursuit of an IPO: From New York to London to Hong Kong

Aug 24 (Reuters) - Online fast-fashion retailer Shein launched its long-awaited Hong Kong IPO on Monday, aiming to raise up to HK$13.86 billion ($1.77 billion) at a valuation of close to $27 billion.
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Fast-fashion giant Shein shrinks value to up to $27 billion in Hong Kong IPO

Fast-fashion giant Shein shrinks value to up to $27 billion in Hong Kong IPO

By Yantoultra Ngui and Kane Wu HONG KONG, Aug 24 (Reuters) - Shein aims to raise up to $1.8 billion in a Hong Kong IPO that values the fast-fashion retailer roughly 70% below its private-market peak four years ago, with a slower growth outlook set to weigh on investor demand.
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China tax crackdown forces wealthy investors to assess their offshore trusts

China tax crackdown forces wealthy investors to assess their offshore trusts

(Corrects Aug 20 story in paragraph 5 to remove erroneous reference to Julius Baer) By Summer Zhen, Selena Li and Xinghui Kok HONG KONG/SINGAPORE, Aug 20 (Reuters) - A growing campaign to tax offshore wealth is forcing wealthy Chinese people to rethink their trust structures and investment holdings,
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Over 750 US troops have been wounded since the Iran war began, Pentagon says

Over 750 US troops have been wounded since the Iran war began, Pentagon says

Pentagon data shows more than 750 U.S. troops have been wounded during operations against Iran
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Buyout firm Vista explores $3 billion sale of private markets data provider Allvue, sources say

Buyout firm Vista explores $3 billion sale of private markets data provider Allvue, sources say

By Amy-Jo Crowley, David French and Milana Vinn LONDON/NEW YORK, Aug 21 (Reuters) - Vista Equity Partners is weighing a potential sale of Allvue Systems, in a deal that could value the provider of data and analytics for asset managers and credit investors at as much as $3 billion including debt,
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China moves to wrap up saga of troubled property giant Evergrande after founder gets life sentence

China moves to wrap up saga of troubled property giant Evergrande after founder gets life sentence

Chinese authorities have moved to finish cleaning up the mess left by the collapse of the Evergrande real estate empire as a court in southern China's Guangzhou accepted a bankruptcy liquidation case against its key mainland property development company