JD.com hires Bank of America for Hong Kong listing
Chinese ecommerce platform JD.com has hired Bank of America and UBS to work on a second listing in Hong Kong. The listing could happen as early as mid-2020, according to…
Ocado could reach £100 a share by 2030, according to analysts
Shares in online-only grocer Ocado Group Plc could rise tenfold by 2030, according to analysts at Bernstein. As the supermarket prepares for a new joint venture with Marks & Spencer…
Ebay sales falter as analysts call Amazon the “primary culprit”
Ebay has seen its shares dive five per cent after it warned investors that it would miss analyst estimates this quarter, with experts citing Amazon as the “primary culprit”. The…
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…