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Chinese Search Giant Baidu Taps Hong Kong Market for Funds -- Update

By Joanne Chiu
Baidu Inc., the operator of China s largest search engine, aims to raise about $3.03 billion from a Hong Kong share sale, joining a string of U.S.-traded peers in securing a secondary listing closer to home.
Chinese companies whose stock already trades in the U.S. have rushed to obtain listings in Hong Kong, both as a way to tap investors who are more familiar with businesses from China, and as an insurance policy against potentially being kicked off U.S. markets.
Since Hong Kong s stock exchange relaxed its rules in 2018 to allow such secondary listings, 10 companies, including JD.com Inc., NetEase Inc. and Yum China Holdings Inc., have issued stock in Hong Kong, raising a combined $29.9 billion, Dealogic data shows. The biggest deal was by e-commerce giant Alibaba Group Holding Ltd., which raised $12.9 billion. ....

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Welcome To IANS Live - SCIENCE AND TECHNOLOGY - Apple to invest over $1.2B on 5G, future wireless tech

Apple will make Munich its European Silicon Design Center, adding hundreds of new employees and a new state-of-the-art facility focused on connectivity and wireless technologies. Muni ....

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Welcome To IANS Live - INTERNATIONAL - Ethiopia Covid-19 cases near 170,000-mark

The Covid-19 death toll stood at 2,466, including 15 new fatalities recorded over the same period, the Ethiopian Federal Ministry of Health said.With ....

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Welcome To IANS Live - SCIENCE - India largest feature phone market globally, iTel leads

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New Delhi, March 11 (IANS) India was the largest feature phone market in the fourth quarter of 2020, representing 38 per cent of the global feature phone shipments, a new report said on Thursday.
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Update: 11-March-2021 ....

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Biden Signs Huge Stimulus Bill Ahead Of Coronavirus Speech

Biden signs huge stimulus bill ahead of coronavirus speech ....

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