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 ...

Bloomberg Indonesian president Joko Widodo ordered an overhaul of the management of state-owned oil giant PT Pertamina, as the former Opec member seeks to reduce crude oil imports to rein in the current-account deficit. Former Jakarta governor Basuki Tjahaja Purnama will become president commissioner of Pertamina, while Emma Sri Martini, chief executive officer of state-owned PT Telekomunikasi Selular, will be ...

Bloomberg Two of Australia’s richest people, Atlassian Corp co-founder Mike Cannon-Brookes and Fortescue Metals Group Chairman Andrew Forrest, are investing in an ambitious project to export solar power from a giant plant in Australia to Singapore via a 4,500 kilometre transmission cable. The project raised tens of millions of Australian dollars, said developer Sun Cable’s CEO David Griffin.