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JAKARTA (Reuters) - Indonesian e-commerce firm Bukalapak is keen to raise as much as US$800 million in an IPO in August, two people with knowledge of the matter said, the first of two big tech listings in Jakarta this year that will add long-sought lustre to the local bourse.
FRANKFURT: Shares in the online fashion retailer About You AG have been priced at 23 euros apiece for its planned stock market listing, valuing the German trading group at 3.92 billion euros ($4.75 billion), it said on Monday.
CHINESE ride-hailing company Didi revealed a $1.6 billion (RM6.59bil) net loss for 2020 as it moves ahead with plans for a U.S. initial public offering.
NEW YORK: Didi Chuxing, China's biggest ride-hailing firm, on Thursday made public its filing for a U.S. stock market listing, setting the stage for what is expected to be the world's biggest initial public offering this year.
HONG KONG: Alibaba Group Holding Ltd’s cloud division has pledged US$1bil (RM4.1bil) to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.
BEIJING: In 2018, Zhang Wenzhong was cleared by China’s top court of financial misconduct charges after earlier spending more than half a decade in prison.
China’s top-three tech firms Tencent Holdings Ltd., Alibaba Group Holding Ltd. and Meituan have lost more than $400 billion in value from highs just four months ago.
HANGZHOU: Facing scrutiny at home, Jack Ma’s Ant Group Co is building a team to burnish its reputation with policy makers in the Asian markets on which its international ambitions hinge.
SHANGHAI: Young Chinese consumers want brands to step up their eco-friendly efforts and apply mindfulness to their creative processes.