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Alibaba’s HK listing attracts 200k retail buyers

Bloomberg Alibaba Group Holding Ltd has attracted about 200,000 investors to apply for the retail portion of its Hong Kong share sale, Hong Kong Economic Times reported, citing unidentified sources. It would make Alibaba the most popular listing of the year by the number of subscribers, the paper said, while adding that the number of retail buyers is less than ...

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Walmart’s Jet to cease its NYC fresh grocery business

Bloomberg Walmart Inc’s Jet subsidiary is ending its fresh-food delivery business just a year after introducing the service in New York City, another sign that the urban-focussed site is scaling back. The retailer will close a warehouse in the Bronx it was using to prepare orders and also let some drivers go, resulting in the loss of between 200 and ...

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UAE contributes AED367mn to UN’s ‘response plan’ in Yemen

ABU DHABI / WAM Under the framework of the UAE’s efforts to support the Yemeni people, the country has contributed AED367 million, equivalent to $100 million, to the United Nations Humanitarian Response Plan in Yemen 2019, bringing the total aid contributed by the UAE to over AED22 billion. Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, signed ...

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