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HONG KONG -- Alibaba Group Holding is "not in a hurry" to proceed with initial public offerings of Cainiao Smart Logistics and brick-and-mortar chain Freshippo, Chairman Joe Tsai said in an earnings call on Wednesday night, citing challenging market conditions.
HONG KONG -- A Hong Kong court on Monday ordered the liquidation of China Evergrande Group, the heavily indebted developer at the heart of the property crisis in Asia's biggest economy.
HONG KONG -- New equity fundraising in Hong Kong sunk to a two-decade low last year amid disappointment over China's economic recovery, and some are warning that there are no signs the city's IPO market will improve in 2024.