China's Ant Group, about to make the biggest public sale of shares ever, poses a basic conundrum: what kind of company is it - a financial colossus or a tech giant?
What happenedShares of Farfetch Limited (NYSE: FTCH) surged on Monday despite a lack of news on the company's website. However, The Information reports its sources say that Chinese e-commerce giant Alibaba Group Holding (NYSE: BABA) is considering a $300 million investment. This
China's central bank and three financial regulators held talks with Ant Group's top executives and its founder Jack Ma on Monday as Beijing published new draft rules for online micro-lending.
Four of China's top finance regulators conducted regulatory talk with Ant Group's top executives including founder Jack Ma on Monday, China's securities regulator said in a statement.
Aside from the COVID impact where there’s a surge in cases in the U.S. and in Europe, investors are seemingly focused, or perhaps worried, about three main topics: The outcome of the presidential election, additional fiscal stimulus and the coronavirus.
Singapore e-commerce firm Lazada said on Friday that personal information including addresses and partial credit card numbers from 1.1 million accounts had been hacked, a major breach in the city-state of 5.7 million.
Singapore e-commerce firm Lazada said on Friday that customer information including names, addresses and partial credit card numbers had been illegally accessed in a breach reportedly impacting 1.1 million accounts.
The domestic retail book of Ant Group Co Ltd's $34.4 billion dual listing was 872 times oversubscribed as individual investors in China scrambled for a slice of the world's largest initial public offering (IPO), a company filing showed.
The domestic retail book of Ant Group Co Ltd's $34.4 billion dual listing was 872 times oversubscribed as individual investors in China scrambled for a slice of the world's largest initial public offering (IPO), a company filing showed.
The world's biggest advertising company WPP said client wins from Uber, Alibaba and HSBC had helped it to report an improvement in third-quarter underlying trading.
China's Ant Group Co Ltd has been cutting funding and staff support to many of the overseas e-wallet firms it has invested in as it pivots away from earlier ambitions of becoming a global payments leader, people with knowledge of the matter told Reuters.
Ant Group will close its Hong Kong institutional book building a day earlier than planned as it aims to raise about $17.2 billion in the city, according to three sources with direct knowledge of the matter.
(RTTNews) - Shares of Alibaba Group Holding Ltd. (BABA) reached a 52-week high of $315.46 Monday morning, and are currently trading at $311.52, up $1.60 or 0.52% in the regular session. Trading volume is rising over 2.98 million versus an average volume of 12.8 million shares.Ali
Ant Group Co Ltd on Monday set the price tag for the Shanghai leg of its record-breaking dual-listing at 68.8 yuan ($10.27) per share, the Chinese fintech company said in a stock exchange filing.
Reuters
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