Alibaba Raises $10 Billion for AI, Shein Prepares for Hong Kong IPO
Alibaba is set to raise $10.2 billion through a share placement to fund its expansion in artificial intelligence. Concurrently, fast-fashion retailer Shein is preparing for its initial public offering in Hong Kong, aiming for a valuation of up to $27 billion.
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Shein launches up to $1.8 billion Hong Kong IPO - Reuters
Shein launches up to $1.8 billion Hong Kong IPO Reuters
Read full article →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.
Read full article →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
Read full article →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
Read full article →Record non-DSE admissions to Hong Kong’s universities spark calls for quotas
Hong Kong public universities have admitted a record number of students applying outside the local exam system, with the intake surging by 63 per cent over seven years to account for nearly 30 per cent of the 15,000 government-funded places, the South China Morning Post has found. Meanwhile, the intake of home-grown students taking the Diploma of Secondary Education (DSE) exam has dropped by 7 per cent, causing its proportion to fall from 82 per cent to 72 per cent, sparking calls for a cap o...
By William Yiu
Read full article →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
Read full article →Shein launches IPO at valuation of up to $27bn, far below past figure
Read full article →Alibaba set to open down 8% in Hong Kong after $10.2 billion share placement plan
Read full article →Alibaba to raise $10 bln via share placement to fund AI expansion
By Investing.com
Read full article →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
Read full article →Hong Kong agri-tech projects eye US market to tackle farming challenges - China Daily
Hong Kong agri-tech projects eye US market to tackle farming challenges China Daily
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