Alibaba to close books early on share offer thanks to sizzling demand
Alibaba is set to close its books to investors earlier than planned thanks to sizzling demand for its stocks ahead of its second public listing.
Later this week Alibaba will…
Alibaba IPO shrinks cash pool in Hong Kong
Alibaba Group’s impending initial public offering is shrinking cash levels in Hong Kong.
The city has spent the past months contending with political protests, with Alibaba’s proposed $13.4 billion (£10.5…
Pinterest shares drop 19% after disappointing Q3
Pinterest saw its shares fall 19 per cent on Thursday after its third quarter revenue came in lower than Wall Street estimates.
The online scrapbook platform reported lower-than-expected average revenue…
Amazon shares dive 9% amid double-digit drop in profits
Amazon’s shares dropped almost 10 per cent yesterday after the ecommerce giant posted a double-digit drop in profits.
Sales for the three months to September 30 rose 24 per cent…