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Chinese internet giant NetEase is set to issue聽171,480,000 shares on June 11 as part of a secondary offering of stock, the company said in a release.聽News reports said the pricing will be set at HK$123 per share.NetEase, a major internet and gaming company, is part of a trend of Chinese firms, including Alibaba, listing on the Hong Ko
stanley cup usa ng stock market. Last year in Hong Kong,聽Alibaba launched a major secondary listing, meaning the Asian financial hub is not the company
stanley borraccia s primary stock exchange.According to CNBC, Chinas JD is planning its own stock sale for later this year. Several years ago, the Hong Kong stock exchange made it more difficult to hold such sales, but the rules have now been changed to make it much easier.In the background are rising tensions over a range of issues between the U.S. and China, including trading practices and Hong Kongs democratic freedoms. Proposed legislation in the U.S. Congress calls for ramping up scrutiny of Chinese companies.NASDAQ-listed NetEase hopes to raise $2.72 billion with the stock offering.NetEases investment banks will be able to issue an聽additional 25,722,000 shares at the same price as the secondary offering.聽Ch
stanley cup canada ina International Capital Corp., Credit Suisse and J.P. Morgan are the sponsors for the Hong Kong listing.The company said that 25 ordinary shares are worth one NASDAQ-listed American depositary share, or ADS. That puts the Hong Kong offer price at about $397 per ADS.At the same time, the U.S. market for initial public offe Nhoh PYMNTS Daily Data Dive: Amex Takes On Online Lending
Connectivity can take on multiple meanings in the online-to-offline space, be it the physical connection of transmitting goods from a merchant to a consumer or the virtual connection made in the online realm. In this edition of the O2O Track
stanley quencher er, we take a look at a couple of retailers internationally that are presenting unique solutions for both cases.Lippo Hails A Ride To eCommerce FulfillmentWith online purchases being, by nature, only half of the O2O equation, eCommerce merchants still need to get shoppers items into their hands.To solve for that in Indonesia, MatahariMall 鈥?the online arm of the Matahari department store chain, in which the Lippo Group recently made a $500 million investment 鈥?has entered into a partnership with the ride-hailing app Grab, reports Bloomberg Business.Its a move similar to one that MatahariMall rival Tokopedia made in partnering with motorcycle taxi company Go-Jek, and it speaks to the need, notes the outlet, for online merchants to rely on local delivery companies 鈥?which inherently possess an und
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stanley kubek on better than outside providers might 鈥?in order to stay on pace with if not ahead of the competition. Speed is really important in this business, Ridzki Kramadibrata, managing director of Grab Indonesia, told Bloomberg Business. You need to be able to do multiple things at the same time, because if you cant do that, the market will outgrow you and you w
