Jack Ma

Alibaba draws $46B demand for $7 bond sale

Alibaba Group Holding Ltd. sold 7 billion dollar bonds Wednesday in a deal that investors clamoured for, ordering more than six times as many securities as were for sale.The deal eclipsed China Evergrande Group’s 6.6 billion dollar offering in June to become the biggest sale in Asia from a non-bank issuer, according to data compiled by Bloomberg. Eager investors were already flipping the bonds in the after market late Wednesday in New York.

30 November 2017
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Indonesia, pacing towards a digitalised economy

Indonesia’s e-commerce market is targeted to grow from 19 billion dollars in 2016 to 130 billion dollars in 2020, according to data obtained from Indonesia’s ICT (Information and Communications Technology) Ministry. This puts Indonesia ahead in terms of digital economy growth against its other ASEAN counterparts – with a year-on-year growth of 51 percent. Indonesia’s growing digital economy is riding on its fast-growing usage of smartphones – which amounted to 71 million users in 2016.

14 September 2017
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