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Alibaba shareholders approve one-to-eight stock split, which could ease potential Hong Kong secondary listing

Alibaba Group Holding’s shareholders overwhelmingly approved a 1-to-8 split of the company’s US-listed stock, a move the company has said would give it greater flexibility for raising capital, including issuing new shares, according to a US securities filing late on Monday.The approval comes as the company is reportedly considering a secondary listing of its shares in Hong Kong.Alibaba ramps up global e-commerce expansion with English Tmall portalBloomberg previously reported that Alibaba, the… Source link

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Vietnam 

US to approve direct flights from Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Vietnam Airlines, budget airline Vietjet Air and newcomer Bamboo Airways have expressed a desire to fly to the US. — Photo zing.vn Viet Nam News HÀ NỘI — The United States’ Federal Aviation Administration (FAA) is expected to grant a Category 1 rating to Việt Nam soon, allowing its airlines to fly to the US and codeshare with US carriers, according to the Straits Times. National flag carrier Vietnam Airlines, budget airline Vietjet Air and newcomer Bamboo Airways have expressed a desire to fly to the US. There are…

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Vietnam 

National Assembly likely to approve CPTPP – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Prime Minister Nguyễn Xuân Phúc said Việt Nam would likely approve the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP) at the National Assembly meeting this month. Phúc was quoted by Nikkei in his Hà Nội office on Saturday ahead of a visit to Tokyo for Tuesday’s Mekong-Japan Summit. Nikkei reported that the approval could be a major step towards implementing the trade deal, also known as TPP11. Việt Nam’s ratification would be the fourth of six needed for the…

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