China would have held the world record for the biggest initial public offering if Ant group had listed in November 2020. Alibaba’s payments affiliate may never get back to that valuation. Conflicting reports on whether an Ant listing will go ahead have triggered wild swings in Alibaba’s US-listed shares in the past two months.
Columbia Business School Dean, Costis Maglaras joins 'Influencers with Andy Serwer' to discuss the three themes what will define our society and business over the next half-century.
Shares in Sanrio shot up as much as 15 per cent on Thursday morning after the Japanese company behind Hello Kitty struck a licensing deal with Chinese ecommerce group Alibaba in a bid to expand its footprint. The five-year deal signed with Alibaba’s intellectual property licensing subsidiary, Alifish, will cover Sanrio’s cast of characters including Hello Kitty, My Melody and her rival devilish rabbit character Kuromi — a hugely popular character in China after a local influencer with more than 14mn followers posted a viral video on social media last year. The Japanese company said it wanted to “maximise its growth opportunity” created by the rapid digitalisation of the Chinese market, its largest overseas market.