Chinese e-commerce giant Alibaba will raise up to $12.9 billion (Â£9.98 billion) in its Hong Kong secondary listing, pricing its shares at a 2.8% discount to their last closing price in New York, two sources with direct knowledge of the matter said.The company has given guidance to prospective institutional investors that its shares will price at HK$176 each, the sources told Reuters.The deal will raise HK$88 billion ($11.3 billion) before a so-called 'greenshoe' over-allotment option is exercised, which could take the total to $12.9 billion, according to the two people, who asked not to be named because the information has yet to be made public.Close Alibaba had previously indicated it could raise up to $13.4 billion if the greenshoe option is exercised. related news Japan's exports post worst fall in three years as shipments to US, China drop Donald Trump says China tariffs will go 'even higher' without deal Donald Trump orders additional troop deployment in … [Read more...] about Alibaba will raise up to $12.9 billion in Hong Kong listing: Sources
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I just came back from conducting my program in Panama, and whilethe seminarn advertisement advertisement This Panama, This view was then So Befriend your enemies One.” As Sun Tzu and Mahatma Gandhi have both suggested in their own way – befriending an enemy is a far better approach. advertisement During my Panamanian presentation, a participant,For example, Colombia is known for coffee, Peru for gold, etc. All of these goods need a path out of the region and the Panama Canal can provide that. By Coordinate the uncoordinated I nnovation build s on innovation . For example, Disney’s skill at early Panama is seeking to consolidate the skills it has developed by operating its canal to become the worldwide center of logistics. Its banks, insurance firms, lawyers, and other experts, if coordinated correctly, could form a unique cluster of logistical experts and a strong infrastructure. The plan, as it was briefly described to me, is … [Read more...] about Panama: The Future Hong Kong of Latin America?
Photographer Derek Man lived in Hong Kong for 17 years before moving to the United Kingdom over a decade ago. Now living in London, he goes back every two to three years to visit family and friends in a city that is rapidly growing. “Every time I go back, the cityscape has changed drastically,” he says. He’ll arrange to meet up with friends at a mall or city landmark and they’ll tell him it’s gone—new buildings, residential and commercial, will have popped up in its place. advertisement advertisement So when the Open Eye Gallery in Liverpool asked Man to create a body of work about his native city, he immediately thought to focus on the housing market. The result is Close to Home, a series that interweaves photos of Hong Kong’s cramped affordable housing units and the lives lived therein, alongside photos of the enormous developments and luxury housing complexes going up throughout the city. Man’s series … [Read more...] about What Home Looks Like In The World’s Most Expensive Housing Market
Some people can take long vacations with no end in sight. Others quickly get bored by the lack of stimulating activity. advertisement advertisement Karoli Hindriks, the founder of Jobbatical–a startup that matches workers with short-term jobs in foreign countries–is in the latter camp. “I tried the vacation thing. I spent eight days in Malaysia, and I thought I would lose my mind,” she says. A resident of Estonia, Hindriks wanted to take a career break in a foreign country but quickly discovered that there were no online hubs that could offer help. She believed employers in need of talent were missing out. So were wanderlust-driven job seekers. Six months ago, after spending time at Singularity University, she launched Jobbatical. Today, there are more than 2,000 job-seekers and 400 job opportunities available on the platform, ranging from a few months to over a year. Jobbatical is focused on tech opportunities (those kinds of skills translate easily … [Read more...] about Need A Break From Home, But Want To Keep Working? Take A Jobbatical
Let’s be real: In a big-picture sense, 2014 wasn’t the best year of all time. It was a good year for pop culture–Boyhood, True Detective, an Oscar for Lupita Nyong’o, smart kids’ movies, an Emmy nomination for Laverne Cox, Nicki Minaj’s “Anaconda,” Serial, etc–and a bad year for, well, a bunch of other stuff. The phrase “conscious uncoupling” was forced into our awareness; stories of police violence reached a critical mass; female celebrities had their phones hacked and their private photos distributed by jackasses all over the Internet; #Gamergate happened, as did #BringBackOurGirls; The Interview got yanked from theaters after terrorists threatened to blow them up; etc, etc, etc. advertisement In other words, if Billy Joel were to rewrite “We Didn’t Start The Fire” so that it focused exclusively on the events of the past 12 months, there’d be a lot for him to sing about. The Piano Man … [Read more...] about See 2014’s Good, Bad, And Ugly Cultural Moments In Giant Illustrated Poster Form