Alibaba Health Information Technology has raised nearly $1.3 billion in Hong Kong's largest follow-on share sale since 2015, and industry experts say this could prompt more firms to tap investors for cash in the Asian financial hub.
Chinese healthcare services firm Alibaba Health Information Technology has raised nearly $1.3 billion in Hong Kong's largest follow-on share sale in five years, according a statement from the company on Wednesday.
The NASDAQ 100 After Hours Indicator is down -9.75 to 11,115.69. The total After hours volume is currently 95,172,931 shares traded.The following are the most active stocks for the after hours session: Novavax, Inc. (NVAX) is +13.83 at $171.00, with 7,145,260 shares traded. Over
The NASDAQ 100 After Hours Indicator is down -11.69 to 11,084.85. The total After hours volume is currently 68,048,541 shares traded.The following are the most active stocks for the after hours session: Advanced Micro Devices, Inc. (AMD) is unchanged at $85.04, with 4,337,160 sh
We are undoubtedly living in unprecedented times. Certain stocks that looked like decent buys at the beginning of the year are dragging down investors' portfolios in this volatile market. Take the travel industry, for instance. With mass lockdowns, border closures, and fears of
What happened
Shares of Alibaba (NYSE: BABA) surged last month as the company rode a broader wave in Chinese stocks on signs that China's economy was recovering as the U.S. fell victim to a resurgence in coronavirus cases. A call from China's state-owned media also helped push
The total global e-commerce market grew 20% year over year to come in at $3.535 trillion, according to research from eMarketer, with e-commerce platforms seeing huge engagement spikes from the shutdowns of retail operations, social distancing, and other situations related to the
South Africa's telecom operator Telkom has branched into the competitive space of financial services by launching a life insurance business that it said will initially sell funeral insurance.
Robinhood is one of the most popular investment apps for millennials because of its low fees and user-friendly platform. The company publishes a list of its 100 most popular stocks, and two of them seem set for a bull run.
SoftBank Group Corp will keep a stake in its chip company Arm Holdings Ltd, even if it sells part of it to Nvidia Corp or through an initial public offering, the Nikkei Asian Review reported https://asia.nikkei.com/Business/SoftBank2/SoftBank-to-maintain-stake-in-Arm-after-partial-sale.
American investors might not be as familiar with Sea Limited (NYSE: SE) as they are with the U.S. tech giants that make up the "FAANG stocks," or even China's powerhouse "BAT" stocks -- Baidu, Alibaba (NYSE: BABA), and Tencent (OTC: TCEHY). However, if its 200% year-to-date gain
Amazon.com (NASDAQ: AMZN) has delayed the kickoff of its annual Prime Day sales extravaganza until the first week of October because of the coronavirus pandemic.
Chinese electric vehicle (EV) maker Xpeng Motors has raised an additional $300 million from investors including Qatar's sovereign wealth fund, people familiar with the matter said.
Chinese start-up SenseTime is considering an initial public offering (IPO) on China's tech-focused STAR market after its latest fundraising that will value the company at $10 billion, three people with knowledge of the matter said.
China's top antitrust agency is looking at whether to launch a probe into Alipay and WeChat Pay, prompted by the central bank which argues the digital payment giants have used their dominant positions to quash competition, sources with knowledge of the matter said.
China's top antitrust agency is looking at whether to launch a probe into Alipay and WeChat Pay, prompted by the central bank which argues the digital payment giants have used their dominant positions to quash competition, sources with knowledge of the matter said.
SoftBank Group said on Friday it has approved a 1 trillion yen ($9.6 billion) share repurchase, the final tranche of a record 2.5 trillion buyback that has helped propel its share price to two decade highs.