Chinese Internet company Alibaba will buy more than a fifth of the shares of its division, specifically of a fin-tech company Ant Group, as part of its future IPO on the stock exchanges of Hong Kong and Shanghai, Alibaba said in a release.
“Alibaba has agreed to subscribe for 730 million shares of the initial public offering, subject to the necessary regulatory approvals and other precedent conditions,” the statement said.
Ant Group plans to place a total of 3.3 billion shares (including part of the IPO on the Hong Kong Stock Exchange). The company also plans to produce an additional 1.16 billion shares for Alibaba, which will allow the online company to still own a 33% stake in Ant Group after its IPO.
In late July, Ant Group announced that it had launched a simultaneous IPO process on the Hong Kong and Shanghai stock exchanges. Earlier in the month, the media reported that the planned IPO of Ant Group could become one of the largest in the world in 2020; the company plans to raise about $ 35 billion.
Chinese e-commerce company JD.com Inc announced on Saturday that it will be the first platform in the country to accept China’s digital currency. The Central Bank of China will hold its second digital yuan lottery among citizens of Suzhou, near Shanghai on Friday. The total amount of playable digital yuan is 20 million ($ 3.06 […]
According to Bloomberg, citing documents submitted to the Securities and Exchange Commission (SEC), the short-term rental service Airbnb plans to raise $ 2.6 billion in listing in the US and receive an estimate of $ 35 billion. If the company manages to raise $ 2.6 billion, Airbnb’s placement will be the fourth largest IPO in […]
The American company Airbnb, which is the operator of the rental service of the same name, expects to raise $ 1 billion through an initial public offering (IPO). This is stated in a statement posted on Monday on the website of the Federal Securities and Exchange Commission. The company clarifies that its plans are “preliminary […]
The state corporation Saudi Aramco is preparing to place dollar Eurobonds, a source in banking circles said. According to him, the company is considering the possibility of placing up to five tranches of Eurobonds: with a maturity of three years, five years, ten years, as well as thirty and / or fifty years. Starting on […]
The net profit of the largest Chinese Internet company Alibaba Group Holding for the six months of 2020-2021 fiscal year (ended September 30) fell by 19% year on year and amounted to 10.746 billion dollars, according to a press release. Adjusted earnings per share were 3.48 yuan ($ 0.51) compared to 4.45 yuan ($ 0.66) […]
Shares of Alibaba, up 35.7% since the beginning of the year but down almost 8% this week, rose 5.3% during trading on Friday after China’s largest public company announced second-quarter results financial year 2021, which ended in September. Alibaba’s quarterly report was preceded by news of the termination of the IPO of financial technology company […]
The taxi service of the international Chinese company DiDi Chuxing intends to conduct the initial public offering (IPO) on the Hong Kong Stock Exchange. As reported by Reuters on Tuesday, citing sources, this may happen in the first half of 2021. By the time of the IPO, the estimated value of DiDi will be more […]
The LetterOne Holding (L1), one of whose shareholder is the billionaire Mikhail Fridman (who was born in Lviv, and who is one of the shareholders of Alfa-Bank Ukraine), invested $ 200 million in Uber taxi service. This is stated in the message of LetterOne. “I am very pleased with our strategic partnership with Uber. As […]
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Latvian airline AirBaltic will resume flights to Ukraine on December 1 and will start a new flight Vilnius-Kiev to Boryspil airport. The schedule includes departures twice a week on Tuesdays and Saturdays on Airbus A220-300. Flights from Vilnius will depart at 09:00, from Kiev – at 11:15. “Vilnius Airport can be used for transit to […]
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The Ukrainians, who make financial transactions at a rate of more than 50 thousand UAH in cash, will be fined a minimum of 1700 UAH. Such a fact noted a practicing lawyer and human rights activist Arsen Marinushkin in his commentary for Gazeta.ua edition. In accordance with Article 163-15 of Ukrainian Codex of administrative delinquency […]
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The Antimonopoly Committee of Ukraine explained its fine to the “Gazprom” in the amount of 86 billion UAH refferint to noncompliance of contact relations from 2009 on gas transit through the Ukrainian territory by the Russian company, with the result that the “Naftogaz” lost significant incomes from the reduction of pumping volume of the fuel […]
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Unfortunately, most businesses in our country learn about foreign investments from the media but not directly from their own production facilities. Despite the recent positive changes in the state, we still can’t talk about a high or at least a satisfactory level of foreign direct investment in the Ukrainian economy. FOREIGN DIRECT INVESTMENT According to […]
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The Kyiv Administrative Court of Appeal found guilty the National Bank of Ukraine (NBU) in bankruptcy of the Ukrgazprombank. This is stated in the judgment from April 26 in the case N826 / 26255/15, writes UBR. The NBU actions were called “illegally inactive” by the decision. Thus, was confirmed the decision of the previous court – the District […]
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In the last week of October, investors expect a lot of news, as more than one-third of the components of the S&P 500 index, or 186 companies, must report financial results for the third quarter. The information field is even richer given the election race in the United States, the situation with the pandemic and […]
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Shares of Lyft, which fell 16.2% since the beginning of the year but jumped 37.4% over the past week, rose 5.8% amid investor reaction to the company’s quarterly report. Lyft reported a loss for the third quarter (ended September 30) at $ 1.46, which is worse than analysts’ forecasts at – $ 0.91 loss per […]
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The world economy is on the road to recovery amid the pandemic COVID-19, however, the final completion of the corona crisis is possible only in the case of mass use of the vaccine. This was stated by IMF chief Kristalina Georgieva and Chief Economist of Fund Gita Gopinath in their joint paper of the magazine […]
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According to Interfax-Ukraine, PricewaterhouseCoopers (PwC) has won the tender for carrying out USEP Ukrposhta financial and economic activities audit for 2015-2016 in the amount of 5, 79 million UAH. The press-service of USEP Ukrposhta admitted: “Within corporatisation process in USEP Ukrposhta, it is necessary evaluating a property and own property rights for forming of the […]
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Antimonopoly Committee of Ukraine has fined the Russian company “Gazprom” for 85 billion UAH for abuse of monopoly power. This information was announced by the head of department Yuriy Terentyev on his Facebook. He emphasized that the “Gazprom” is a monopolist in the market of transit of natural gas through main pipelines on the territory […]
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The French company has developed an augmented reality application for digital makeup. The Signature Faces application allows you to apply filters to your face in real time. “We believe that everyone is beautiful by themselves, but in a world where the camera is always on, it’s normal to want to “play” with filters. We want […]
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The “Astelit” company in the near future will carry out the rebranding of mobile operator life. It is not just about changing the symbols and corporate colors, but also to change the name: new brand can get a name ‘lifecell’ similar to the parent company Turkcell. As well as the logo symbol of the Turkish […]
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Turkish government for the first time resolved to apply penalties to the social network Twitter. Recently, Turkey turned to Twitter with a formal request to delete from the site all the information with an extremist nature, the information that supports terrorism. Twitter declined the request of the Turkish government and didn’t delete the corresponding positions […]
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Boeing Aerospace Corporation will start producing aircraft that will run entirely on biofuels by 2030. “To refuel the aircraft with environmentally friendly” fuel “, Boeing will need to modify the engines and other systems of aircraft. In addition, you will need a certificate confirming the safe operation of the aircraft,” – said in a press […]
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According to Finance.ua, there is a good opportunity to extend the limits of Ukrainian financing system. The Ukrainian government provision has come into force. The financial transaction sanctions with Iran banks were cancelled by the resolution of the Ukrainian government. Oleh Churyi, the deputy head of NBU, admitted that National Bank of Ukraine would implement […]
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