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China's Alibaba Group, working in the field of Internet commerce, in order to become more flexible in raising capital, decided to divide ordinary shares by 8. The operator of the world's largest trading electronic platform submitted a corresponding statement approved by the board of directors of Alibaba. By dividing one common share by eight, the number of shares available for issuance will be increased, the value of which will decrease. Today's 4 billion shares will increase to 32 billion shares, retaining a total value of 100 thousand dollars. At the same time, the voting right of shareholders will remain the same. If these changes are approved by the shareholders at the annual meeting on July 15 in Hong Kong, they will take effect in a year.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
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