Alibaba drives home costs of HK unrest

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

COMMENTARY: Alibaba drives home costs of HK unrest

Hong Kong could lose Alibaba - again. The Chinese giant will postpone its mooted US$15 billion listing there due to financial and political instability, Reuters reported on Wednesday. This will deter others in the queue, landing a fresh blow to a city where business confidence is shrinking.HONG Kong could lose Alibaba - again. The Chinese giant will postpone its mooted US$15 billion listing there due to financial and political instability, Reuters reported on Wednesday.

The benchmark Hang Seng Index was down nearly 10 per cent over the past month, weighed down by more than 11 weeks of clashes between police and protesters.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exclusive: Alibaba postpones up to $15 billion Hong Kong listing amid protests - sourcesHONG KONG/NEW YORK (Reuters) - China's biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters. Alibaba held a board meeting before its
Source: YahooSG - 🏆 3. / 71 Read more »

Trump warns Tiananmen-style HK crackdown would harm trade dealWASHINGTON: US President Donald Trump has warned China that carrying out a Tiananmen Square-style crackdown on Hong Kong pro-democracy protests would harm trade talks between the two countries, in comments that followed a huge, defiant march through the streets of...
Source: thenewpaper - 🏆 7. / 63 Read more »

Trump administration tries to assuage farmer unrest over biofuel policyNEW YORK: President Donald Trump's administration has been scrambling to stem the tide of rising anger in Farm Belt states after its decision this ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Trump White House tries to assuage farmer unrest over biofuel policy: sourcesPresident Donald Trump's administration has been scrambling to stem the tide of rising anger in Farm Belt states after its decision this month to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Trump White House seeks to assuage farmer unrest over biofuel policy: sourcesPresident Donald Trump's administration has been scrambling to stem the tide of rising anger in Farm Belt states after its decision this month to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Indonesia's Papua hit by fresh unrest as troops deployedMANOKWARI, INDONESIA (AFP) - Indonesia's Papua was hit by fresh unrest Wednesday (Aug 21) as more than 1,000 security personnel were sent to the restive region after violent protests that saw buildings torched and street battles between police and demonstrators.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »