Alibaba raises up to $12.9 billion in landmark Hong Kong listing
Chinese e-commerce giant Alibaba Group raised up to $12.9 billion (£10 billion) in a landmark listing in Hong Kong, the largest share sale in the city in nine years and a world record for a cross-border secondary share sale.
Nov 20, 2019, 21:30 PM IST
Alibaba's Singles' Day shopping event records $38 billion sales; Check other details
Chinese e-commerce giant Alibaba has posted 24.3 per cent jump in total sales to $38.3 billion during the 11th edition of mega 24-hour Singles` Day shopping event. The high-double digit growth in the Global Shopping Festival, branded as Double 11, holds high hopes for the Chinese economy which has slowed down in the wake of global trade war and sagging demand.
Nov 12, 2019, 17:20 PM IST
