Perris Lee News Today

By Anna Cooban, CNN

Alibaba said Tuesday that it would spin off Cainiao, its logistics arm, in what will be the conglomerate’s first initial public offering since it announced a sweeping revamp of its business earlier this year.

London (CNN) — One of the hottest IPO markets this year is not in a country brimming with global tech giants, nor does it rank among the top 10 global

But Indonesia, a collection of islands with a big population and a fast-growing economy, sits on vast deposits of the metals needed to make batteries for electric vehicles. That has made the country an important engine of the global green transition -- and a magnet for investors, CNN reported.The

Indonesia has overtaken Hong Kong -- long one of the top IPO markets -- for the first time since 1995, and is outpacing economic powerhouses India, South Korea and Japan.

The Southeast Asian country Indonesia has overtaken Hong Kong — long one of the top IPO markets — for the first time since 1995, and is outpacing economic powerhouses India, South Korea and Japan LONDON — One of the hottest IPO markets this year is not in a country brimming with global tech giants, nor does it rank among the top 10 global economies by size. But Indonesia, a collection of islands with a big population and a fast-growing economy, sits on vast deposits of the metals n...