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.

Hong Kong Homebuyers Left Cold by Prices in Far-Flung Tech Hub

Hong Kong’s ambitious plan to create a technology hub near the mainland Chinese border faces an early test after the first residential sales in its Northern Metropolis got off to a middling start, highlighting the hurdles to turning the area into a new economic engine.

By Venus Feng

Alibaba to Bulk Up AI Investment via $10.20 Billion Share Placement - WSJ

Alibaba to Bulk Up AI Investment via $10.20 Billion Share Placement  WSJ

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

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.

Half of Hong Kong’s public bodies omit emissions data, green group finds

Half of Hong Kong’s government departments and public bodies have not disclosed their greenhouse gas emissions data and some calculations have been based on outdated information, a green group has found. The findings from The Green Earth have prompted calls for stronger carbon reporting and the setting of reduction targets across the public sector to align with the city’s goal of achieving carbon neutrality before 2050. The non-profit group’s study of 82 public entities found that while 41...

By Theodora Yu

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.

Alibaba shares fall 8% after $10 billion Hong Kong share sale

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

Shein launches up to $1.8 bln Hong Kong IPO after years of scrutiny

By Investing.com

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