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.

Chinese Builder Logan Wins Court Approval for Debt Restructuring

A Hong Kong court gave Logan Group Co. clearance to implement its debt restructuring plan, more than four years after the Chinese developer defaulted in the midst of the country’s property crisis.

By Pearl Liu

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.

Hong Kong urged to adopt trait-based dog tiers, DNA checks after fatal attacks

Hong Kong should introduce a tiered risk framework and carry out DNA testing and physical assessments to identify dogs with aggressive breed traits, a veterinary surgeon and a lawmaker have said following three fatal canine attacks within a week. The calls made on Monday come after the latest fatal mauling at a pet training centre, where a 33-year-old woman was attacked by a dog suspected of being a mixed-breed fighting dog and was later found dead last week. Preliminary inspections by...

By Leopold Chen

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

Sushi Express begins investigation after customer finds suspected worm in salmon sushi

A sushi takeout chain has initiated an investigation after a customer found a suspected worm in a box of salmon sushi sold at a branch in Tsuen Wan. Sushi Express Hong Kong said in a Facebook post on Sunday that it had sent a sample for third-party testing, and that it would publicise the results […]

By Hillary Leung

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

UGM-Linked Swayasa Prakasa Plans IPO to Raise Rp45.22 Billion

UGM-linked Swayasa Prakasa plans an IPO to raise Rp45.22 billion, with proceeds earmarked for expansion, capital spending and debt repayment.

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