Explore

XPENG Robotics Unit Secures Over $900 Million in Funding, Targets Humanoid Robot Production by Late 2026

XPENG Robotics Unit Secures Over $900 Million in Funding, Targets Humanoid Robot Production by Late 2026

XPENG Robotics Unit Secures Over $900 Million in Funding, Targets Humanoid Robot Production by Late 2026

Alibaba Shares Decline 9.8% in Hong Kong Following $10.2 Billion AI Share Sale at Discount

Alibaba Shares Decline 9.8% in Hong Kong Following $10.2 Billion AI Share Sale at Discount

Alibaba Shares Decline 9.8% in Hong Kong Following $10.2 Billion AI Share Sale at Discount

Fast fashion giant Shein valued at up to $27 billion in Hong Kong IPO

Fast fashion giant Shein valued at up to $27 billion in Hong Kong IPO

HONG KONG, Aug 24 (Reuters) - Online fast-fashion retailer Shein will be valued at up to $27 billion as it aims to raise up to HK$13.86 billion ($1.77 billion) in its Hong Kong initial public offering launched on Monday, according to the firm's filings.

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.

Alibaba stock slumps in Hong Kong after $10.2 billion share placement to fund AI

Alibaba stock slumps in Hong Kong after $10.2 billion share placement to fund AI

SHANGHAI, Aug 24 (Reuters) - The Hong Kong-listed shares of Alibaba slumped on Monday after the Chinese e-commerce and cloud computing company launched a $10.2 billion share placement, as investors worried about payback from its massive AI spending.

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.

After Burry ditched Alibaba for JD, Alibaba proved his point

After Burry ditched Alibaba for JD, Alibaba proved his point

The investor bailed on share dilution fears. A day later, Alibaba priced a $10.3B offering that sent shares tumbling.

Super Micro Computer Stock Drops 7% Following Indictments in Taiwan for Illegal AI Server Exports to China

Super Micro Computer Stock Drops 7% Following Indictments in Taiwan for Illegal AI Server Exports to China

Super Micro Computer Stock Drops 7% Following Indictments in Taiwan for Illegal AI Server Exports to China

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.

Asia shares fall on tech nerves; oil prices slip

Asia shares fall on tech nerves; oil prices slip

By Rae Wee SINGAPORE, Aug 25 (Reuters) - Asia shares slipped on Tuesday while oil prices extended losses, after threats from the U.S. for an "economic D-Day" of sanctions on Iran turned out to be a damp squib. U.S.

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.

EP Wealth Advisors LLC Acquires 448,244 Shares in Prologis, Inc.

EP Wealth Advisors LLC Acquires 448,244 Shares in Prologis, Inc.

EP Wealth Advisors LLC Acquires 448,244 Shares in Prologis, Inc.