About: http://data.cimple.eu/news-article/4af3e94d83d58e8bb3344faf2f0a2060dfc5d159a68023e6acd9b8e0

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/4af3e94d83d58e8bb3344faf2f0a2060dfc5d159a68023e6acd9b8e0 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	The financial arm of Chinese e-commerce titan Alibaba received Monday a green light from Chinese regulators to list in Hong Kong, according to data published online, another step towards the biggest IPO in history. Ant Group aims to raise a massive $35 billion via the share sale in a joint listing in the semi-autonomous finance hub and Shanghai, Bloomberg News has previously reported, citing unnamed sources. The company is looking to raise the cash -- far more than the $29 billion chalked up by Saudi Aramco in December -- in a split float between the two Chinese cities, Bloomberg said. The plan values Ant Group at about $250 billion, it added. The company runs Alipay, the dominant online payment system in China, where cash, cheques and credit cards have long been eclipsed by e-payment devices and apps. According to a report in Hong Kong's South China Morning Post, Ant Group has also been granted approval by the city's stock exchange. In September, the Shanghai Stock Exchange's Star Market platform gave its go ahead for a listing, which meant the Hangzhou-based firm only needs a final, formal approval from the China Securities Regulatory Commission (CSRC). In its August filing, Ant said it would use the proceeds to expand cross-border payments and enhance its research-and-development capabilities. The decision not to list in New York is a big loss for US markets and comes as Washington ramps up scrutiny of Chinese tech firms. A number of high-profile Chinese firms -- especially those in the tech sector -- have turned to Hong Kong owing to tension between Washington and Beijing. It is also a shot in the arm for Hong Kong as fears mount over the potential fallout of Beijing's imposition of a new national security law on the city. ehl-je/wai
schema:headline	Alibaba fintech arm gets nod for record IPO listing in Hong Kong
schema:mentions	Alibaba Group E-commerce Initial public offering Bloomberg L.P. Saudi Aramco University of Washington Hong Kong City New York City China Star Market China Securities Regulatory Commission South China Morning Post Alipay Financial technology Shanghai Stock Exchange
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-19 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	83 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software