Short-Dated Bullish Options Positioning in Alibaba (BABA) -Susquehanna

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Retailer Auchan says it has not been approached by Amazon in Europe

November 20, 2017 7:52 AM EST

By Dominique Vidalon

PARIS (Reuters) - French retailer Auchan [AUCH.UL] said on Monday it had not been approached by E-commerce giant Amazon (NASDAQ: AMZN) about deals or partnerships in Europe, with speculation still rife that Amazon may be eyeing European transactions.

Auchan Retail head Wilhelm Hubner also told journalists that co-operation between Auchan and online giant Alibaba (NYSE: BABA) would focus on China for now, after Alibaba announced a deal with Auchan in... More

Alibaba goes offline with $2.9 billion stake in China's top grocer

November 19, 2017 9:03 PM EST

(This story corrects title of Weiwen Han in paragraph 9 from analyst to managing partner for Greater China.)

BEIJING (Reuters) - Internet giant Alibaba Group Holding Ltd (NYSE: BABA) said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China's top hypermart operator, Sun Art Retail Group Ltd , part of a wider push into offline retail.

As part of an alliance with Auchan Retail S.A. [AUCH.UL] and Ruentex Group, Alibaba would buy the stake from Ruentex while Auchan Retail would boost its stake, the three companies... More

China Citic, Baidu launch direct bank in fintech push

November 17, 2017 11:13 PM EST

BEIJING (Reuters) - China Citic Bank Corp and search engine giant Baidu Inc (NASDAQ: BIDU) launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalize on China's rapidly growing fintech sector.

AiBank is one among several tie-ups between an internet firm and a lender in... More

Flat tire? China bike sharing boom shows signs of strain

November 17, 2017 6:34 AM EST

SHANGHAI (Reuters) - China's bike sharing bubble is showing signs of strain, after the country's third largest firm said it was going under.

The country has seen a wave of iconic, brightly colored shared bicycles hits its city streets over the last year, helping revolutionize urban travel, but also drawing some public ire over mountains of bike clogging up sidewalks.

... More

Hong Kong IPO surge challenges New York in battle for China listings

November 16, 2017 10:14 AM EST

By Jennifer Hughes and Julie Zhu

HONG KONG (Reuters) - It's not often Hong Kong can boast hotter initial public offerings than New York, but some recent deals and a potential pipeline of big Chinese tech floats suggest a shift in the balance between the two fundraising rivals.

While New York is set to top the IPO league this year, it's Hong Kong which is seeing the biggest pre-sale demand and first-day pops for new tech listings.