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Net profits of Korean banks fell in the first half of 2026, due mainly to a fall in non-interest income, while their interest income recorded the highest six-month figure on record, data showed…
China’s Alibaba announced on Sunday a proposed placement of new shares in Hong Kong. The aggregate placement consideration is HK$80 billion ($10.2 billion), the company added.
Key PointsThe executive disposed of 23,850 shares at $21.17 per share for an estimated value of ~$505,000 as of the August 17, 2026 transaction date.
It says the deal would mark the largest primary follow-on offering by a Hong Kong-listed company
The deal would mark the largest-ever primary follow-on offering by a Hong Kong-listed company.
