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Alibaba applies for one-to-eight stock split to seek flexibility in its ability to raise capital, attract new investors

Alibaba Group Holding, operator of the world’s largest e-commerce platform, has applied to split its ordinary shares, part of a move to increase the flexibility of its capital raising activities, including the issuing of new shares.The New York-listed Chinese e-commerce giant is proposing to split each of its ordinary shares into eight, according to a stock exchange filing. Under the changes, one American Depositary Share (ADS), which currently represents one ordinary share, will represent… Source link

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China’s rare earth stocks are investors’ new hedge against trade war as Beijing rolls out countermeasures against Trump

In a twist, traders have found a hot new bet in China’s stock market that has churned out jaw-dropping gains specifically because of deteriorating US-China relations: rare earths.While the benchmark gauge Shanghai Composite Index has remained in the doldrums over the past month amid the trade stand-off between Beijing and Washington, China Minmetals Rare Earth, China Northern Rare Earth (Group) High-Tech and other major producers of the elements have shot up at least 34 per cent, making them… Source link

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Vietnam 

Vietnamese securities catch the eye of South Korean investors – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

In March Korean Investment Management bought a 5.08 per cent stake in Việt Capital Securities Joint Stock Company.  — Photo tinnhanhchungkhoan       Compiled by Thiên Lý                                                          The Vietnamese stock market now has many South Korean-owned securities companies following a series of acquisitions in recent years. In March Korean Investment Management bought a 5.08 per cent stake in Việt Capital Securities Joint Stock…

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Singapore investors snap up US$5 billion of China’s commercial properties, brushing aside trade war concerns

Singapore’s investors made a strong comeback to China’s property market, becoming the biggest group of asset buyers in the country even as a trade war rages on with the United States, and threatens to spill over into an assault on Chinese technology.Real estate investments by institutions and individuals from the Southeast Asian city state rose to 34.65 billion yuan (US$5 billion) last year, or 42 per cent of total spending by global capital in China, according to data by real estate agency… Source link

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Stocks Blog: Investors brace for fresh data offering clues on China economy as trade impasse drags on

Happy Friday, traders! And what a week it has been, what with the protests in Hong Kong on Sunday and Wednesday against an extradition bill adding to investor uncertainty over trade. We will have May industrial production and retail sales out of China today. Chinese drugmaker Hansoh Pharmaceutical Group debuts in Hong Kong today, raising about US$1 billion in one of the city’s biggest IPOs this year. Also, on trade, US economic adviser Larry Kudlow said overnight it wouldn’t be good for… Source link

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Money 

Chinese investors increasingly wary of Thailand amid political upheaval and trade war

When Kulthirath Pakawachkrilers had to convince yet another Chinese investor that business was still a good bet in Thailand despite the political upheaval, she knew it was going to be a tough sell.Companies once considering investing in Southeast Asia’s second-largest economy were now looking at other options – and the uncertainty surrounding the aftermath of the elections was driving much of the concern, said Kulthirath, chief executive officer of the Thailand e-Business Center, which advises… Source link

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China healthcare platform Waterdrop raises 1 billion yuan in funds from investors including Boyu Capital

Waterdrop, a Chinese online insurance platform backed by Tencent, has raised more than a billion yuan (US$145 million) in a funding round led by private equity firm Boyu Capital.Other backers of the series C round include CICC Capital, while earlier investors including Tencent and Gaorong Capital also took part, the Beijing-based start-up said in a release on Wednesday.Founded by former Meituan Dianping executive Shen Peng in 2016, Waterdrop started as a health care crowdfunding platform for… Source link

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Time and again, stock markets reward investors unfazed by their wild swings

The books are closed and the results are in. With a 6.6 per cent decline, this has been the second-worst May for the S&P 500 since 1962. The Hong Kong stock market, meanwhile, has become the biggest victim of the US-China trade war among the major indexes, falling around 10 per cent over the same period. Somewhat ironically, this turnabout in the markets comes just after many of the major indexes booked their best April gains in about 10 years.  So much for the stock market “melt-up” forecasts… Source link

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With e-commerce booming, investors should make space for Asia-Pacific’s biggest warehouse landlord

This is hardly a propitious time for what is expected to be the largest initial public offering on Hong Kong’s stock exchange so far this year, and the biggest real estate IPO since the debut of Dalian Wanda, the mainland developer, in December 2014. The Hang Seng Index is down more than 10 per cent since May 3 as part of a broad-based sell-off in equity markets, with traders fretting about the economic impact of the renewed escalation in the US-China trade war. Yet the prospectus for ESR… Source link

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Vietnam 

Korean investors eye investment in renewable energy – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Workers install solar panels in the central province of Quảng Ngãi. Korean investors are keen to invest in renewable energy in Việt Nam due to its potential and government incentives. — VNA/VNS Photo Sỹ Thắng HCM CITY — Korean investors are keen to invest in renewable energy due to its potential and the incentives that Việt Nam has offered to foreign investors, an HSBC official has said. Speaking recently with Việt Nam News, Phạm Hồng Hải, CEO of HSBC Việt Nam, said that electricity was one of the most important investments of Korean businesses into…

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