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...Alibaba had once hoped to take Cainiao public at a $20bn valuation but struggled to find much interest amid a deep market downturn in Hong Kong....
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...Shares in the mainland edged down for the day but were up on Friday and Monday, when trading in Hong Kong was closed for Easter....
...Hong Kong’s Hang Seng index jumped 1.9 per cent in early trading and China’s CSI 300 added 0.2 per cent....
...june.yoon@ft.com...
...Equities in Hong Kong outperformed their peers in Asia on Monday as Chinese technology companies listed in the territory registered strong gains....
...Calvin Quek Executive Director, Transition Asia, Hong Kong...
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...Art Basel Hong Kong runs March 28-30, artbasel.com...
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...He also warned that average daily turnover in Hong Kong’s stock market had remained low in the new year, “suggesting risk for further earnings cut”....
...Corporate updates: Alibaba Group, Yum China and DBS announce earnings. Taiwan Semiconductor Manufacturing Company releases monthly sales figures for January....
...kaye.wiggins@ft.com...
...Hong Kong-listed shares in the ecommerce conglomerate fell as much as 10.4 per cent on Friday after the group announced the moves alongside disappointing third-quarter earnings....
...Ant is still awaiting regulatory approval to obtain a financial holding licence, a crucial step to pursue a more modest IPO in Hong Kong or China, according to people close to management....
...Alibaba and SenseTime are among the top Chinese groups to have secured deals worth hundreds of millions of dollars with Saudi Arabia over the past three years, in exchange for setting up joint ventures in...
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...Additional reporting by William Sandlund in Hong Kong...
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...Alibaba Cloud has distributed the majority of its advanced GPUs to business units within the Alibaba Group, said two employees of the cloud business....
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