Alibaba delays up to $15B HK IPO amid protests

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Source: Dukascopy Bank SA
Alibaba Group Holding, China's largest e-commerce company, has postponed its up to $15B Hong Kong listing due to rising political unrest in the country, sources reported on Wednesday.
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Wed, 21 Aug 2019 16:47:12 GMT

China's Geely reports 40% drop in H1 profit

The Chinese auto giant Geely Automobile Holdings reported on Wednesday its net profit dropped 40% in the first half due to continuous downturn in the largest auto market in the world, expecting an uncertain forecast for car demand until the next year.

Wed, 21 Aug 2019 15:27:13 GMT

Goldman seeks for majority control of Chinese JV

Goldman Sachs is seeking a majority control of the China joint venture ahead of the Asian country's plan to allow international companies full control, the bank stated on Wednesday.

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