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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China’s Central Bank Halts Tencent, Alibaba Mobile Payment Process

Source: Reuters

HONG KONG, China — China's central bank demanded on Friday that payments made by scanning a bar code with mobile devices be halted, hitting the payment arms of Internet companies Tencent Holdings Ltd and Alibaba Group Holding, amid concerns over the security of their verification procedures.

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Fast Retailing Gains in Hong Kong Debut, Aims For Bigger China Profile

Uniqlo | Source: Bloomberg

HONG KONG, China — Uniqlo owner Fast Retailing Co Ltd climbed 7 percent in its Hong Kong trading debut — a listing aimed at raising its profile in China where it plans to expand aggressively as part of its bid to become the world's top clothing firm.

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