ALIBABA EXPECTS NO MATERIAL IMPACT AFTER BEING FINED $2.75 BILLION

Highlights –

• Alibaba expects no material impact after being fined $2.75 billion.
• Alibaba was fined by China’s antitrust regulator for abusing market dominance.
• Alibaba Group Holdings Ltd shares rose as much as 9% in Hong Kong tr...

GLOBAL INVESTORS VALUE ANT GROUP AT OVER $200 BILLION AFTER HALTING IPO

Highlights –

• Global investors value Ant Group at over $200 billion after halting IPO.
• The amount is said to be third above Ant’s valuation after its fundraising in 2018.
• Ant’s business was affected a little by regulatory s...

CHINESE ANTITRUST REGULATORS LIKELY TO LEVY ALIBABA GROUP’S ON RECORD FINE

Highlights –

• Chinese antitrust regulator's likely to levy Alibaba Group’s on record fine.
• The fine is likely to surpass $975 million, an amount paid by Qualcomm in 2015.
• Chinese regulators have been stinging criticism on Jac...

TOKYO STOCKS END FLAT ON FRIDAY WITH INVESTORS AWAY FOR CHRISTMAS HOLIDAYS

Highlights –

• Tokyo stocks end flat on Friday with investors away for Christmas holidays.
• The 225-issue Nikkei Stock Average ended down at 11.74 points.
• The Topix index of all First Section issues on the TSE ended at 4.14 points.
...

SEVERAL PREFECTURAL POLICE ARREST 8 MEN FOR SELLING COUNTERFEIT ‘DEMON SLAYER’ FIGURINES

Highlights –

• Several prefectural police arrest 8 men for selling counterfeit ‘Demon Slayer’ figurines.
• Kyoto, Hyogo, and Akita prefecture police arrested the 8 men.
• The suspects are said to have infringed the country&rsquo...

Hongkong will hold the record for major IPO listing in the world in 2020

According to Accounting Firm PricewaterhouseCoopers (PwC), Hong Kong will remain among top three centers worldwide for initial public offerings in 2020. Along with 180 firms expected to raise US$33.4 billion. As reported in the market year end review report.

Eddie Wong, Partner at PwC H...