Eyeing Alibaba IPO, Bankers Skipped Lucrative Mandates

HONG KONG, China — Every big bank in town wanted a piece of the Alibaba Group Holding Ltd initial public offering, set to be the biggest technology listing ever. So much so that, according to Thomson Reuters data, major banks skipped an estimated $100 million in combined fees they could have made from work for other clients over the past year.

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Li & Fung Shares Surge 19 Percent on Upbeat Earnings, Spin-off Plan

Dr Victor Fung | Source-Li & Fung Ltd

HONG KONG, China — Shares of global sourcing firm Li & Fung Ltd jumped to their highest in more than a year on Friday as investors cheered better-than-expected earnings and focused on a new three-year plan that includes spinning off its brands and licences unit.

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