Google-backed Waymo is the only company so far to have secured a full license for testing without a safety driver
Alibaba on Nov. 20 raised up to $12.9 billion in a landmark listing in Hong Kong, the largest share sale in the city in nine years and a world record for a cross-border secondary share sale
Asian businesses now have access to large, new capital
HONG KONG (Reuters) - Alibaba Group's <9988.HK> Hong Kong shares closed their first trading session up 6.6% from the issue price after this year's largest stock sale.
From government formation in Maharashtra to Alibaba Singles' Day sales, here are the top news events of the to watch out for
The average fee earned on the 10 largest listings in Hong Kong is 1.76%
One question now is how Alibaba will put the money to work
Alibaba's closing price on Tuesday in New York will be used to set the final price that institutional investors will pay for the Hong Kong listed stocks
The e-commerce company is conducting investor meetings by phone rather than in person for its planned new share sale, citing logistics and safety concerns
Alibaba will offer 500 million shares at a maximum of HK$188 apiece, the company said
Retail investors will not pay more than $HK188 per share, a statement from the company published on Friday showed
Alibaba postponed its listing plans over the summer as political protests that began in June worsened
Launched in 2009, Singles' Day has become China's version of US online sale event Cyber Monday
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
As online retail growth slows in top-tier cities, Alibaba faces fierce competition from emerging players like Pinduoduo that use budget deals to attract price-sensitive consumers in lower-tier cities
Singles' Day is a gauge of Chinese consumer sentiment and also a shop window for Alibaba as it plans sale of $15 bn worth of shares.
China on its own represents 54.7% of the global e-commerce market, nearly twice the share of the next five countries combined, the report showed.
The index finished the session down 2.6%. It has declined 1.3% since the protests first flared up in the second week of June, versus 6% gains in the MSCI All-Country World Index.