Alibaba Group Holding Ltd would not list on the Hong Kong bourse, nor had plans to list on New York or any other bourse, said Chief Executive Jonathan Lu to Reuters.
Hong Kong
TPG Capital to pay USD 214 million for Star Entertainment's stake in Phoenix Satellite Television
TPG Capital agreed to buy a stake in Phoenix Satellite Television from Star Entertainment for a price tag of USD 214 million.
CP Group, Woolworths mulls dropping ParknShop bids- sources
People familiar with the bidding of ParknShop told Bloomberg that the Charoen Pokphand Group and Woolsworths Ltd were considering of abandoning their bids for the supermarket chain.
BlackRock cuts Hong Kong investment
BlackRock Inc. had reduced its Hong Kong investment after slow growth in the economy, said a Bloomberg report.
FWD Group formalizes investment agreement with Swiss Re
Swiss Re set to formalize a USD425 million investment for 12.3% of FWD. An investment worth USD425 million was agreed upon between Swiss Re and FWD Group, HK entrepreneur Richard Li's insurance firm.
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Sources told Bloomberg that Power Asset Holdings had approached banks for a USD 4.8 billion loan. Power Asset Holdings Ltd had been seeking a USD 4. 8 billion or HKD 37.
Michael Smith, current Australia and New Zealand Bank CEO, in an interview with Bloomberg's Susan Li said Hong Kong is the stepping stone towards China.
