Bloomberg Alibaba Group Holding Ltd.’s finance affiliate is planning an Initial Public Offering (IPO) on Shanghai’s main board in what could be China’s highest IPO valuation since 2010, according to two people familiar with the matter. Zhejiang Ant Small & Micro Financial Services Group Co. has been profitable for three years, enabling it to meet the listing requirements, and ...

  Bloomberg Airbus Group SE is setting up its second academy to train pilots in Asia, where a rash of startup airlines and new aircraft coming in is causing a surge in demand for captains and first officers. Airbus is opening the center in Singapore in partnership with Singapore Airlines Ltd. The facility — with eight simulators — will add ...

Bloomberg The largest Philippine seller of luxury brands such as Jimmy Choo shoes and Prada handbags says investors and analysts should temper earnings expectations, with competition among retailers squeezing margins – even as consumer spending shows no signs of letting up. Intensifying competition for consumers will cap sales growth, SSI Group Inc. President Anthony Huang said in an interview. Profit ...