The Swiss firm has reeled under the hit of COVID-19 and plans to ask shareholders on October 6 to fund a buyout of its Hudson Ltd unit via a new rights issue.
The issue, if it goes through, will make it the biggest primary market offering ever, beating Saudi Aramco’s $29 billion IPO
Ant's IPO would be the first simultaneous listing in Hong Kong and the year-old STAR Market, boosting Hong Kong's status as an international IPO market and helping enhance STAR as a capital markets centre.
Asked at a news conference whether there were other particular China-owned companies he was considering a ban on, such as Alibaba, US President Donald Trump replied: "Well, we're looking at other things, yes."
The move followed US President Donald Trump's announcement of a sweeping ban on US transactions with Tencent Holdings, the Chinese owner of messaging app WeChat, and Bytedance, which owns the video-sharing app TikTok, citing national security threats.
ICICI Bank comes only behind Chinese e-commerce major Alibaba whose stock is tracked by 64 experts, of whom 63 had a 'buy' call on the stock.
Starbucks' mobile pre-order and in-store pick up feature, "Starbucks Now", previously only available on the coffee giant's own app, will be extended to four Alibaba platforms, including local services app Koubei and digital payment app Alipay.
Chinese e-commerce major Alibaba and other Chinese suppliers have been offering discounts after #BoycottChinese Product campaign gathered steam and CAIT listed 500 Chinese products it will ban in a phased manner
Paytm counts China's Alibaba and Ant Financial as its major investors.
This follows last month's announcement the Alibaba's Jack Ma will be leaving SoftBank's board.
Revised FDI norms had slowed down approvals, the border clash will make it even more difficult to get Chinese investment, say experts.
"The digital transformation journey for businesses in China, which was previously expected to take three to five years, is now likely to be accelerated to be completed within one year," said Jeff Zhang, president of Alibaba Cloud Intelligence.
Jio Platforms is a tale of the triumph of chutzpah. When the rest of the world has been cowering, frantic about survival, Jio has put together one of the largest technology funding deals in history
The announcement comes as the e-commerce giant continues its push into new technologies and business sectors beyond online shopping.
It’s partly because an Alibaba and Baidu could raise big capital from the US market that they have reached where they are today
The departure of Ma, who retired as Alibaba's executive chairman in September, comes as he pulls back from formal business roles to focus on philanthropy.
The changes that require the government's approval for Chinese investments have put in doubt dozens of new investments and top-ups.
The plan comes as the coronavirus pandemic has increased demand for cloud services and data centres.
Alibaba is looking to buy the stake from Yunda's controlling shareholders - founding couple Nie Tengyun and Chen Liying - who own 52.19% of Yunda through their wholly owned firm Shanghai LuoJieSi Investment Management, said one of the people. At the current market price, the stake would be worth at least $790 million.
The pandemic is seen as offering an opportunity for China to push Chinese President Xi Jinping’s rhetoric of a “community of common destiny” — part of the narrative of the Belt and Road Initiative — as a way of framing China’s help to the outside world.
A flood of small businesses have joined its European platform, AliExpress, in recent months but some larger brands are holding back, according to the sources.
The Centre envisions a contribution of USD 2 trillion from micro, small and medium enterprises (MSMEs) as India eyes becoming a USD 5 trillion economy by 2024.
The board of One 97 Communications Ltd will allot about 2.6 million shares to the investors, financial data accessed by business intelligence platform Tofler dated December 12 showed.
SoftBank owns 26% of China's Alibaba, with its origin in a $20 million investment in 2000, and the stake is now worth more than the Japanese firm's market capitalization.
The company has received approval to list 75 million over-allotment shares at HK$176 per share, the same price it offered under its secondary listing, it said in a filing to the Hong Kong stock exchange.