A plan by President Xi Jinping hatched in late 2018 to liberalize China’s constrained stock market and prevent home-grown tech firms from flocking to New York is turning out to be a prescient move. ( read original story ...)
Markets end higher for fifth straight session; Sensex, Nifty surge 1.3% each
Power Grid, HDFC, ICICI Bank, Maruti among top gainers on Sensex.On the Nifty, 32 stocks advanced, while the rest declined ... ( read original story ...)
Alibaba’s Ant Group plans Shanghai, Hong Kong IPOs
Alibaba Group has kicked off IPO proceedings for its mobile payment business, Ant Group, in Hong Kong and Shanghai, where it reportedly is eyeing a $200 billion valuation. The listings are touted, ... ( read original story ...)
Why Jack Ma’s Ant Group chose a dual IPO in Hong Kong and Shanghai and not New York
READ FULL ARTICLE To underscore that, Alibaba sold control of Alipay in 2011 so that the Ant unit could apply for a mainland China payment business licence ... its debut in Hong Kong in June 2006 and ... ( read original story ...)
Alibaba’s Ant Financial plans Shanghai, Hong Kong IPOs
Alibaba Group has kicked off IPO proceedings for its mobile payment business, Ant Financial Services Group, in Hong Kong and Shanghai, where it reportedly is eyeing a $200 billion valuation. The ... ( read original story ...)
Jack Ma’s Ant Group Plans Dual IPOs in Shanghai, Hong Kong, Bypassing New York
Ant Group, the Chinese tech and financial-services giant that owns mobile-payments network Alipay, said it is planning IPOs in Hong Kong and Shanghai, bypassing New York. The combined offering could ... ( read original story ...)
Hong Kong Exchanges Soars on Ant’s Dual Listing With Shanghai
Hong Kong Exchanges & Clearing Ltd. surged as much as 6.2%, its biggest jump in 20 months, after billionaire Jack Ma’s Ant Group announced plans to seek a dual listing in Hong Kong and Shanghai, ... ( read original story ...)