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Alibaba's books close early in $13.4 billion Hong Kong listing: sources

Monday, November 18, 2019, 8:51 PM

Alibaba will close its order books early to prospective institutional investors as part of its $13.4 billion secondary listing in Hong Kong, according to two people with direct knowledge of the matter. Books will now be shut at 12 p.m. EST Tuesday in New York which is a half day earlier than initially planned by the Chinese e-commerce giant and its investment banking advisers.
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Hong Kong's cash pool tightens as Alibaba primes for $13 billion listing

Friday, November 15, 2019, 1:07 PM

Alibaba Group's $13.4 billion Hong Kong listing is shrinking cash levels in the protest-wracked financial hub, with short-term borrowing costs shooting back towards a decade-high marked in July. The climb is also unusual as Hong Kong's interbank rates normally track their U.S. peers due to Hong Kong's dollar peg and those U.S. peers have been falling due to Federal Reserve interest rate cuts.
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Alibaba-backed EV startup XPeng says raises $400 million for growth

Wednesday, November 13, 2019, 3:08 PM

Chinese electric vehicle (EV) manufacturer XPeng, backed by Alibaba Group Holding Ltd, said on Wednesday it has raised $400 million from investors including Xiaomi Corp to fund its growth. XPeng also secured "several billions" of yuan-dominated unsecured credit lines from banks including China Merchants Bank, China CITIC Bank and HSBC, the statement said, without specifying figures.

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