The news was first reported by Bloomberg. One source familiar with the situation told CNN Business that the company "will not rule out an option on any listing" and said the move would help Alibaba diversify its funding sources.
Alibaba's IPO in New York increased $ 25 billion and was the largest on record. The source said that follow-up in Hong Kong would make sense since investors are familiar with the company.
A new listing may give an otherwise insufficient year of shares from technical companies. ] ) ) ) both fell below their IPO rates after their debut. ) and Lift and were generally considered to be flops.
2. Fiat Chrysler and Renault: France Renault ( RNLSY ) considers a merger with Fiat Chrysler ( FCAU ) who wanted to create the world's third largest automaker and transform the global car industry.
The French machine said on Monday that it would "study with interest" a proposal from Fiat Chrysler that would give its shareholders 50% ownership of a combined business with annual vehicle sales of 8.7 million.
The companies had discussed ways to collaborate on new products and technologies, but Fiat Chrysler argued Monday that a merger would be best.
Renault's shares jumped about 1
2% on news Monday before returning slightly in early trading on Tuesday. Fiat Chrysler shares in Milan rallied 8% Monday, but also dipped a little Tuesday.
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3. Investors are returning: US stock futures point a little lower as traders in the US return from a holiday weekend.
Dow is set to open about 17 points lower, or about 0.1%. Nasdaq is also down 0.1% and the S & P 500 is ready to drop 0.2%.
Shares in Asia edged higher Tuesday. Hong Kong's Hang Seng index jumped 0.4%, while the Shanghai Composite index rose 0.6%. Japan's Nikkei got 0.4%.
However, the European markets are mainly down. The UK's FTSE 100 was flat in early trading after a long weekend, while stocks in Germany and France were 0.4% and 0.5% respectively.
US stocks will attempt to bounce back this week from losses due to trade in the US and China war and renewed fears about the prospects for global growth. The Dow has posted five consecutive weekly declines.
4. Comes this week:
Tuesday – S & P / Case-Shiller home price index; US and German consumer confidence; ] ] and Dicks Sports Articles ( DKS ] ) earnings; ExxonMobil ( XOM ) shareholder meeting
Thursday – Other estimates of US 1st quarter GDP; Dollar General ( DG ) DSW Parent Designer Brands, Gap and Costco Earnings
Friday – UK Consumer Confidence; US Personal Expenses