Asian businesses now have access to large, new capital
One question now is how Alibaba will put the money to work
Alibaba's closing price on Tuesday in New York will be used to set the final price that institutional investors will pay for the Hong Kong listed stocks
Retail investors will not pay more than $HK188 per share, a statement from the company published on Friday showed
Alibaba postponed its listing plans over the summer as political protests that began in June worsened
On Monday, China's largest e-commerce company logged more than $38.3 billion of purchases during its annual Singles' Day shopping event, a new record
Launched in 2009, Singles' Day has become China's version of US online sale event Cyber Monday
Alibaba also plans to spend more on developing Youku, which the company says is one of the leading online video platforms in China.
A sale of that size will dilute existing shareholders by 2.8% and investors will be able trade shares
The fundraising comes at what bankers and industry insiders describe as an increasingly tough financing environment for Chinese EV startups which must jostle for attention in a crowded sector
Within the first two hours, the total GMV exceeded $17.24 billion, surpassing the total GMV of 2016 11.11
The Chinese e-commerce giant plans to start taking investor orders on November 15, after its Singles' Day sale, and price the offering on November 20, the people said
On November 11, a big treasure box is up for grabs with the opportunity to win the whole 5 listed products for free.
The company had been working on an August listing in Hong Kong but the transaction was put on hold due to anti-government protests in the city creating financial and political uncertainty
A series of capital transfers would make Jio, which already has capital of 650 billion rupees, almost debt free by March 2020, the parent said on October 25
Chinese under 30 aren't savers like previous generations. That's helping diversify the economy, but adding to household debt.
Alibaba is likely to reserve resources for existing portfolio
Employers early on supported their workers' desire to protest but have started to shift under pressure from Beijing
A second listing will give Alibaba the war chest it needs to keep investing in technology
The 290-room FlyZoo is an incubator for technology Alibaba wants to sell to the hotel industry