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Asia tech shares selloff seen as buy opportunity for some funds
FRIDAY's attack by President Donald Trump on WeChat may have pushed many investors to offload Asia’s technology shares. But for some, the selloff has presented a good buying opportunity. Jian Shi Cortes
Robinhood craze is now moving stocks everywhere
DIRT cheap, automated on apps and championed by newbie traders who brandish their broker balances on Twitter, the stuck-at-home trading phenomenon, born in the USA, has become a global craze.
Goldman, Bank of America left off Ant IPO
NEW YORK: Goldman Sachs Group Inc and Bank of America Corp were left off Ant Group’s upcoming stock sale in Hong Kong because of their past work with rivals of its affiliate Alibaba, according to people familiar with the matter.
Credit Suisse invested US$100mil in Ant for windfall
HONG KONG: Credit Suisse Group AG invested nearly US$100mil in Ant Group during its last funding round, according to people familiar with the matter,
China shares edge higher, healthcare stocks jump on vaccine hopes
SHANGHAI: China shares inched higher on Tuesday, supported by strong gains in healthcare stocks on rising hopes for a coronavirus vaccine, although profit-taking after the previous session's rally kept gains in check
Ant seeks US$200bil value in landmark dual IPO
HONG KONG (Bloomberg) -- Billionaire Jack Ma’s Ant Group is seeking a valuation north of US$200 billion as it goes public in Hong Kong and Shanghai, people familiar with the matter said, kicking off a landmark coming-out party for China’s leader in internet finance.
Alibaba helps Asia’s malls go online on virus hit
SINGAPORE: Clobbered by the crushing effects of the coronavirus pandemic, thousands of retailers from Bangkok to Singapore have rushed to set up online shops on big e-commerce platforms to stay afloat this year. Now entire shopping malls are going virtual for the first time.
After 133% rally, SoftBank investors bet more to come
Shares soar on buybacks, improving market conditions
Alibaba's Jack Ma sells US$8.2b worth shares
SHANGHAI: Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.2%, cashing out around $8.2 billion at its current share price, the firm's annual filing released on Friday showed.
