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AB InBev set to revive Budweiser Asia IPO with $5 billion float: sources

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HONG KONG (Reuters) – Anheuser-Busch InBev (ABI.BR) is planning to raise about $5 billion from a revived float of its Asian operations after the world’s largest beer maker shelved a Hong Kong IPO in July, people with knowledge of the matter said. AB InBev, which had aimed to raise as much as $9.8 billion through Read More

Amid U.S. vaping crackdown, Juul enters China with online store openings

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SHANGHAI (Reuters) – U.S. e-cigarettes maker Juul Labs Inc, which faces a widening crackdown on vaping at home, has entered China, with online storefronts on e-commerce sites owned by Alibaba Group (BABA.N) and JD.com (JD.O) to tap the world’s largest market of smokers. FILE PHOTO: Juul brand vaping pens are seen for sale in a Read More

Hong Kong Exchange faces uphill battle with $39 billion bid for LSE

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LONDON (Reuters) – Hong Kong Exchanges and Clearing Ltd (HKEX) (0388.HK) unveiled a $39 billion takeover approach to the London Stock Exchange Plc (LSE) (LSE.L) on Wednesday that received a cool response from investors concerned about its regulatory and financial hurdles. To prevail, HKEX would have to persuade British politicians and European regulators to abandon Read More

Hong Kong Exchange makes surprise $39 billion offer for Britain’s LSE

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LONDON (Reuters) – Hong Kong Exchanges and Clearing (0388.HK) made a surprise $39 billion takeover approach for the London Stock Exchange (LSE.L) on Wednesday, aiming to sabotage the LSE’s acquisition of data company Refinitiv and create a global trading powerhouse. The unsolicited approach, a proposal contingent on the LSE ditching its $27 billion Refinitiv deal, Read More

Exclusive: Grab in talks to merge Indonesian payment firms to overtake Gojek – sources

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JAKARTA (Reuters) – SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power ahead of archrival Gojek, people familiar with the matter said. FILE PHOTO: A Grab logo is pictured at the Money 20/20 Read More

Hong Kong Exchanges bids $39 billion to take over London Stock Exchange

6 days ago DieselGasoil Comments Off on Hong Kong Exchanges bids $39 billion to take over London Stock Exchange
LONDON (Reuters) – Hong Kong Exchanges and Clearing has made an unsolicited $39 billion takeover bid for the London Stock Exchange (LSE.L), an offer contingent on the LSE ditching its acquisition of data company Refinitiv. FILE PHOTO: The name of Hong Kong Exchanges and Clearing Limited is displayed at the entrance in Hong Kong, China Read More

Tearful Ma bids Alibaba farewell with rock star show

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HANGZHOU, China (Reuters) – A tearful Jack Ma formally left Alibaba (BABA.N) on Tuesday, donning a guitar and a rock star wig at an event for thousands of employees of the e-commerce giant he founded 20 years ago in a small shared apartment in Hangzhou city in eastern China. During a four hour celebration in Read More

Jack Ma says goodbye to Alibaba on his 55th birthday

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Jack Ma, the self-made Chinese business magnate with a net worth of nearly $42 billion and founder of the online shopping giant Alibaba, has officially retired from the company he started. The billionaire, who announced his retirement as chairman of the company last September, fulfilled his pledge to step down on his 55th birthday on Read More

Alibaba set for ‘big challenge’ as flamboyant chairman Ma departs

7 days ago DieselGasoil Comments Off on Alibaba set for ‘big challenge’ as flamboyant chairman Ma departs
SHANGHAI (Reuters) – Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task of steering the $460 billion juggernaut at a time when the market for its core e-commerce business has slowed sharply. As Ma, who turns 55 on Tuesday, holds centerstage at his Read More