Chinese e-commerce giant Alibaba Group 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.
The New York-based cosmetics conglomerate announced on Monday that it is weighing up its options for its professional beauty division, as well as its operations in Brazil, evoking the possibility of a divesture.
Nike Inc's online growth and a bullish outlook in China put it on a firm path and should help it easily ride out rises in U.S. import tariffs on its Chinese-made sneakers, Wall Street analysts said on Wednesday
Hong Kong's political unrest is posing a dilemma for Alibaba Group on the timing of its planned $15 billion listing in the city, with sources saying the Chinese e-commerce company is now considering several timetables.
German sportswear company Adidas reported disappointing second-quarter sales on Thursday but expects a recovery in the second half after it stemmed a decline in Europe and saw its long-struggling Reebok brand recover.
Alibaba Group Holding Ltd has filed confidentially for a Hong Kong initial public offering, Bloomberg reported on Thursday, citing people familiar with the matter.Alibaba declined to comment on the report.