Alibaba also plans to spend more on developing Youku, which the company says is one of the leading online video platforms in China.
A sale of that size will dilute existing shareholders by 2.8% and investors will be able trade shares
The fundraising comes at what bankers and industry insiders describe as an increasingly tough financing environment for Chinese EV startups which must jostle for attention in a crowded sector
Within the first two hours, the total GMV exceeded $17.24 billion, surpassing the total GMV of 2016 11.11
The Chinese e-commerce giant plans to start taking investor orders on November 15, after its Singles' Day sale, and price the offering on November 20, the people said
On November 11, a big treasure box is up for grabs with the opportunity to win the whole 5 listed products for free.
The company had been working on an August listing in Hong Kong but the transaction was put on hold due to anti-government protests in the city creating financial and political uncertainty
A series of capital transfers would make Jio, which already has capital of 650 billion rupees, almost debt free by March 2020, the parent said on October 25
Chinese under 30 aren't savers like previous generations. That's helping diversify the economy, but adding to household debt.
Alibaba is likely to reserve resources for existing portfolio
Employers early on supported their workers' desire to protest but have started to shift under pressure from Beijing
A second listing will give Alibaba the war chest it needs to keep investing in technology
The 290-room FlyZoo is an incubator for technology Alibaba wants to sell to the hotel industry
Alibaba's market research arm, Tmall Innovation Center, can crunch data and show companies what Chinese consumers are seeking but can't find
More than 10 million pieces of client data - including usernames, phone numbers and parcel tracking numbers - were stolen from Alibaba's logistics arm, Cainiao
In India, the last large open global market, both have used the investment route to build their own camps
Known as Ma Yun in mainland China, Ma is one of China's wealthiest men, with his net worth estimated at $40 billion by the Bloomberg Billionaires Index
Shares of Alibaba rose 3.4 per cent to $183.89 at 9:39 am in New York as investors cheered the result, plus more than $3 billion in new funding for its newly acquired food delivery arm
Pakistan's burgeoning youth has turned the nation into a fast-growing consumer market of more than 200 million people
Alibabacoin, which is also known as ABBC Foundation, said it has not been trying to piggyback off the Alibaba name