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

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

Shein aims for almost $27bn valuation in 1 September stock market debut

The valuation is much lower than $100bn reached in a round of private fundraising in 2022.

China Media Hails Canada’s ‘Chinese-Style’ Tariff Retaliation

China’s nationalist tabloid Global Times praised Canada’s retaliation against US tariffs, casting Ottawa’s move as validating Beijing’s opposition to Washington’s protectionist trade policies.

By Bloomberg News

Shein plans to raise $1.8bn in Hong Kong IPO

Fast-fashion retailer’s previous attempts to list in New York and London faced opposition

Fast-fashion giant Shein aims for $27bn valuation in Hong Kong market debut

Known for selling cheap clothing, the online retailer has seen its value drop sharply from earlier estimates amid scrutiny over its environmental footprint Shein will debut on the Hong Kong stock exchange on 1 September, the fast-fashion retailer said on Monday, in a long-awaited listing that would value the group at close to $27bn. Founded in China and now headquartered in Singapore, the online retailer secured Beijing’s approval last month to make its initial public offering in Hong Kong. ...

By Guardian staff with agencies

Alibaba plunges after announcing $10.2 billion share placement to fund AI push

Alibaba shares plunged 10% after the tech giant priced a $10.2 billion share placement to fund its growing AI investments.

Can China’s flash memory giant YMTC smash Shanghai Star Market IPO records?

China is gearing up for what could become its next record-breaking semiconductor stock listing as the parent company of chip giant Yangtze Memory Technologies Corporation (YMTC) prepares to go public on Shanghai’s Star Market. CCSH Corporation, parent of China’s top NAND flash maker, planned to sell between 1.98 billion and 2.43 billion shares, equivalent to 10 to 12 per cent of its enlarged share capital, according to a prospectus made public on Friday. An overallotment option of up to 15 pe...

By Howard Liu

Key Facts About Chinese-founded Fast-fashion Giant Shein - Barron's

Key Facts About Chinese-founded Fast-fashion Giant Shein  Barron's

Alibaba Group Announced Pricing of HK$80 Billion Placing of New Shares in Hong Kong - Morningstar

Alibaba Group Announced Pricing of HK$80 Billion Placing of New Shares in Hong Kong  Morningstar

Alibaba shares plunge after $10bn new share placement to fund AI spending

Burry says he sold Alibaba, calling it pricey before share sale

“I planned to move most of it back after a month or two. No longer,” Burry said in a post on Substack.

By Se Young Lee, Bloomberg

Burry Says He Sold Alibaba, Calling It Pricey Before Share Sale

IPO rush continues: 10 issues to raise over Rs 3,500 crore this week

This week sees the launch of six mainboard IPOs and four from the SME sector, with total fundraising expected to surpass Rs 3,500 crore. Among these, Symbiotec Pharmalab's IPO stands out as the largest, aiming for substantial investment. The market is buzzing with other companies also set for their stock market introductions, ensuring a robust IPO pipeline this month.

SoftBank plans record $6.3 billion retail bond sale in Japan

The 7-year bonds are expected to be priced on Sept. 4, with an indicative coupon range of 4.3% to 4.9%, according to a company filing.

Shein to pay up to $3.5 billion to select pre-IPO investors around Hong Kong listing

Michael Burry dumps Alibaba for JD.com, says BABA would need to fall 50%

Shein to pay up to $3.5 billion to select pre-IPO investors around Hong Kong listing

By Reuters

In Hong Kong, mourning a stray dog killed in mainland China means walking a fine line

Outside a commercial building in Causeway Bay, one of Hong Kong’s busiest shopping districts, a column of people carrying umbrellas and flowers wrapped around the block. For hours, mourners waited in the rain so they could pay their respects to Wang Wang, a stray dog who was killed by five boys in mainland China. Holding […]

By Hong Kong Free Press

Hong Kong agri-tech projects eye US market to tackle farming challenges - China Daily Global Edition

Hong Kong agri-tech projects eye US market to tackle farming challenges  China Daily Global Edition

Cecilia Cheung treats fans to free HK Disneyland tickets, praised for humility - The Star

Cecilia Cheung treats fans to free HK Disneyland tickets, praised for humility  The Star

Shein aims for almost $27bn valuation in stock market debut

Fast-fashion giant Shein says it plans to raise up to HK13.86bn (£1.3bn; $1.77bn) when its shares start trading on the Hong Kong stock market on 1 September.

By Abubakar Ibrahim