Hong Kong stocks

Alibaba’s US$4.5 billion convertible bond sale ‘oversubscribed’, as tech giant builds war chest to fund share buy-backs

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Alibaba’s US.5 billion convertible bond sale ‘oversubscribed’, as tech giant builds war chest to fund share buy-backs

Alibaba Group Holding is selling up to US$5 billion worth of convertible bonds to fund its share buy-backs, as leaders of the Chinese tech giant declared e-commerce and cloud computing as its core businesses in a move “towards strategic clarity”. The Hangzhou-based firm, which owns the South China Morning Post, said it expects to raise … Read more

China’s ‘two sessions’ 2024: securities regulator comes out swinging at first press conference

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China’s ‘two sessions’ 2024: securities regulator comes out swinging at first press conference

However, he added, “if the market gets out of control and experiences huge irrational shake-ups, liquidity runs, investor panic, a major investment confidence breakdown … [the commission] should make resolute moves to fix dysfunction.” The conference, held with other high-level officials on Wednesday, took place on the sidelines of the “two sessions”, the annual meetings … Read more