BABA Jan 2020 105.000 call

OPR - OPR Delayed price. Currency in USD
0.00 (0.00%)
As of 10:09AM EST. Market open.
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Previous close79.57
Expiry date2020-01-17
Day's range72.37 - 72.37
Contract rangeN/A
Open interest354
  • Saudi Aramco Files for an IPO: Here's What You Need to Know

    Saudi Aramco Files for an IPO: Here's What You Need to Know

    At $25.6 billion, Saudi Aramco's initial public offering could be the largest global IPO ever.

  • Exclusive: Blacklisted Megvii's $500 million Hong Kong IPO hit by regulatory setback - sources

    Exclusive: Blacklisted Megvii's $500 million Hong Kong IPO hit by regulatory setback - sources

    Chinese AI firm Megvii Technology's plans for a $500 million listing in Hong Kong have been dealt a setback, with regulators in the city asking the company - which has been blacklisted by the U.S. government - for more information, three sources said. Beijing-based Megvii did not win approval for its initial public offering (IPO) at a hearing with the Hong Kong Stock Exchange's Listing Committee on Thursday, the people with knowledge of the matter told Reuters. Megvii was given additional questions it must respond to by the committee, according to the sources, with one adding the decision followed a lengthy discussion of the application.

  • Indonesia’s Tokopedia in Talks to Raise Up to $1.5 Billion

    Indonesia’s Tokopedia in Talks to Raise Up to $1.5 Billion

    (Bloomberg) -- PT Tokopedia, the online marketplace backed by the SoftBank Vision Fund and Alibaba Group Holding Ltd., is in talks to raise as much as $1.5 billion for a final private funding round before an initial public offering, according to people familiar with the matter.U.S. internet companies as well as existing investors are considering contributing to the round, which could bring in $1 billion to $1.5 billion in the first quarter of 2020, according to the people, who asked not to be identified because the discussions are private. No final decisions have been made and the value of the round could change, they said.Chief Executive Officer William Tanuwijaya is hoping to attract new investors and raise the 10-year-old, Jakarta-based company’s profile overseas when he lists the firm’s shares locally and in another as-yet undecided market, he said in an interview last month. He declined to specify a timetable for the IPO because of uncertainty about how the trade war between the U.S. and China will affect markets.Read more: SoftBank-Backed Tokopedia in Talks for Pre-IPO Funding RoundIPO hopefuls are also operating under the shadow of WeWork, which scrapped its plans to go public in September and saw its valuation plummet from $47 billion as recently as January to about $8 billion. The fallout has led to calls for companies to focus more on cash flow and profitability.Still, Tokopedia is experiencing a sales boom, tapping into the growth in Indonesia’s online retailing market. The Jakarta-based company anticipates its gross merchandise value to triple to as much as 222 trillion rupiah ($16 billion) in 2019 with sales growing even faster, Tanuwijaya said in October.The value of the country’s e-commerce industry is projected to expand from $21 billion in 2019 to $82 billion by 2025, according to a study by Google, Temasek Holdings Pte and Bain & Co.To contact the reporters on this story: Yoolim Lee in Singapore at;Giles Turner in London at;Dinesh Nair in London at dnair5@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at, Amy ThomsonFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Meituan CEO’s Net Worth Poised to Top $7 Billion as Shares Surge

    Meituan CEO’s Net Worth Poised to Top $7 Billion as Shares Surge

    (Bloomberg) -- The founder of China food-delivery giant Meituan Dianping is having a very good year.As his business has grown, Chief Executive Officer Wang Xing’s net worth doubled this year through Thursday’s close to $6.7 billion, according to Bloomberg Billionaires Index. That figure is likely to top $7 billion as Meituan’s stock surged Friday, following a strong earnings report.Shares climbed as much as 13%, the most intraday since its IPO last year, and traded 8% higher at 11:45 a.m. Meituan reported quarterly revenue that increased 44% to 27.5 billion yuan ($3.9 billion) in the three months ended September, compared with the 26 billion yuan average of analysts’ estimates. Net income hit 1.33 billion yuan, including gains from investments, while analysts projected a 502 million yuan loss.Backed by Tencent Holdings Ltd., Meituan is investing heavily in a plethora of online services from food delivery to travel, competing directly against Alibaba Group Holding Ltd. CEO Wang is trying to sustain a robust pace of growth by expanding into newer arenas such as ride-hailing, restaurant management and online groceries. That ambitious expansion has helped Meituan overtake the likes of Baidu Inc. to become China’s third largest publicly traded tech company.On a conference call after the earnings, executives said they will continue to invest in new areas like hotel booking and grocery services. The goal is to create a one-stop app for services, similar to the platforms Alibaba and Inc. have built for products.What Bloomberg Intelligence SaysMeituan is seizing order share across segments. Growth in hotel room nights outpaced the industry and Meituan wants to expand into high-end facilities next year.\- Vey-Sern Ling and Tiffany Tam, analystsClick here for the research.While Meituan has tightened its belt with less-profitable areas such as bike-sharing, it’s spending at a rapid clip to fend off Alibaba’s in meal delivery and Fliggy in travel, an enormous outlay that’s compressing margins. Sustaining growth has also become a stiffer challenge as Chinese economic growth threatens to slide beneath 6%. Longer-term, Wang envisions a super-app modeled on Tencent’s own WeChat, extending a raft of everyday services such as payments to an increasingly wealthy populace.Meituan’s stock has more than doubled in 2019 -- easily outpacing Alibaba and Tencent -- as investors bet on its ability to safeguard its share of China’s fastest-growing internet services.\--With assistance from Pei Yi Mak and Venus Feng.To contact the reporter on this story: Zheping Huang in Hong Kong at zhuang245@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at, Edwin ChanFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Applied Materials, Warrior Met Coal, Alibaba and Amazon highlighted as Zacks Bull and Bear of the Day

    Applied Materials, Warrior Met Coal, Alibaba and Amazon highlighted as Zacks Bull and Bear of the Day

    Applied Materials, Warrior Met Coal, Alibaba and Amazon highlighted as Zacks Bull and Bear of the Day

  • Trade War Threatens Tech Sectors in China and Silicon Valley

    Trade War Threatens Tech Sectors in China and Silicon Valley

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. While the U.S-China trade war rages on, the tensions are exposing growing rifts between China and Silicon Valley.Leading venture capitalists and startup founders expressed concern over their governments’ fierce differences and the potential fallout. Among the dangers are a decline in cross-border investment, disruption in the supply chain and decreased collaboration in fields like artificial intelligence, wireless technology and cancer research.Signs of trouble are emerging in everything from venture capital to movie-making. Fundraising for dollar-based venture capital funds in China is down 75%, estimates Qiming Venture Partners’ founding partner Gary Rieschel. Olivia Hao, an executive at Beijing-based film production startup Baozou, said it is increasingly hard to make investments or buy other companies in the U.S.“Before, people were impressed when we said we had screenwriters from Hollywood,” said Hao on Wednesday on the sidelines of the Bloomberg New Economy Forum in Beijing. “Now people say, why aren’t you using more Chinese creators.”China and the U.S. are edging closer to a trade deal but the deteriorating situation in Hong Kong and the U.S. bill on the city’s special status threaten to stall negotiations.The fight to rule the technology sector is at the heart of China-U.S. tensions. Over the last few decades, the two countries have woven together a world-spanning supply chain that helped create innovation like Apple Inc.’s iPhone and propel industries like AI and robotics.American money has flowed into China, lending the capital essential in creating many of the countries’ top technology companies like Alibaba Group Holding Ltd. and Tencent Holdings Ltd. Chinese and American engineers have traversed both countries, driving innovation at startups and large companies alike. All of that is under the microscope now that the U.S. is clamping down on Chinese investment in the U.S. and scrutinizing the capital flows between the two countries.“Foreign capital remains the primary provider of early stage risk capital in China,” Rieschel said, adding that “82% of venture capital goes to the U.S. and China, these two countries have to work together in areas like AI.”Increasingly, American tech companies, venture capitalists and startups face a narrow choice on how to deal with China: Either take the country at face value and decide that as a rational business, profits matter more than any kind of moral high ground, or make a conscious decision to stop pursuing business in a country that will require you to adhere to its viewpoints inside -- and outside -- its borders.There are signs that Silicon Valley, which long avoided politics and courted a close relationship with China, is now starting to turn. U.S. venture capital companies and startups are refusing Chinese limited partners and investors. There are suspicions around Chinese startups in the fields of semiconductors, artificial intelligence and robotics who want to do business in the U.S., or try to attract funds from American venture capitalists.A number of Chinese startups also are souring on the view that Silicon Valley is the bastion of innovation.“Of course it will take years for China to catch up on deep tech like chips, but when it comes to areas like logistics and retail, China is moving much faster,” said Spencer Deng, founder of startup Dorabot, which is based in Shenzhen but has offices in Atlanta. “In the last three years, can you name one new innovation that came from Silicon Valley?” he said.Dorabot is working with companies like Walmart Inc. and United Parcel Service Inc. on automated technology.China is also taking steps to reduce its dependency in key areas of technology including in chips. “China’s semiconductor industry is catching up, they will be competitors in the global stage, and it provides a great place for us to invest,” said Neil Shen, managing and founding partner of Sequoia Capital China.The country’s ambition for its semiconductor industry grew in recent years as it spends more on importing chipsets than oil each year. Beijing has injected tens of billions of dollars into its young chip sector to build mega factories and attract top talent as the China attempts to reboot its economy with advanced manufacturing.Note: The New Economy Forum is being organized by Bloomberg Media Group, a division of Bloomberg LP, the parent company of Bloomberg News.\--With assistance from Gao Yuan.To contact Bloomberg News staff for this story: Shelly Banjo in Hong Kong at sbanjo@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at, Colum Murphy, James MaygerFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Pinduoduo’s Founder Loses $5 Billion Overnight as Earnings Miss Estimates

    Pinduoduo’s Founder Loses $5 Billion Overnight as Earnings Miss Estimates

    (Bloomberg) -- An epic stock rally for China’s e-commerce upstart just faltered, clipping the fortune of its founder.Pinduoduo Inc. Chairman and Chief Executive Officer Colin Huang lost almost a quarter of his fortune as the company’s stock plummeted 23% on Wednesday, according to the Bloomberg Billionaires Index. His net worth tumbled to $16.3 billion, down $4.8 billion from a day earlier.PDD’s stock drop was the biggest since it held an initial public offering in July last year, reducing this year’s gain through Wednesday to a still-respectable 40%. The sell-off was triggered by the company’s worse-than-expected quarterly results. Sales more than doubled to 7.51 billion yuan ($1.1 billion) for the three months ended September, but fell short of the average analyst projection of 7.65 billion yuan. Net loss widened to 2.3 billion yuan from 1.1 billion yuan a year earlier.The disappointing results came after arch-rivals Alibaba Group Holding Ltd. and Inc. chipped away at the Chinese e-commerce upstart’s dominant position in smaller cities.Founded by Huang in 2015, PDD has carved a niche with social commerce that encourages making purchases with others. But the Shanghai-based startup is now working to shake off its reputation for hawking cheap products, just as Alibaba and JD delve deeper into PDD’s base of smaller cities. In September, JD rolled out a group-buying app which, like PDD, entices purchases with generous discounts.What Bloomberg Intelligence says:Despite heavy marketing expenses, the company’s marketplace model can sustain high gross margin and should lead to profit as revenue scales up.Vey-Sern Ling and Tiffany Tam, analystsClick here for the research.PDD said in a statement that many brands and small merchants must “choose one of two” platforms to be listed, without naming rivals. “Forced exclusivity has a material impact on Pinduoduo, we had to row upstream against the pressure,” it said.Sales and marketing expenses surged 114% to 6.9 billion yuan, helping China’s No. 3 shopping app to add 64 million new active users during the quarter. Its founder signaled that the company can afford to buy growth.“When there is opportunity, we should spend our money aggressively. We shouldn’t put our money into the piggy bank,” Huang told analysts on a conference call.To contact the reporters on this story: Venus Feng in Hong Kong at;Zheping Huang in Hong Kong at zhuang245@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at, Colum Murphy, David ScheerFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Alibaba, Aramco share sale bonanza fails to produce fee windfall for banks

    Alibaba, Aramco share sale bonanza fails to produce fee windfall for banks

    A late-year rush of giant global share sales led by Alibaba's $13 billion (£10 billion) Hong Kong listing and Aramco's $26 billion initial public offering is failing to deliver an equivalent payday for equities bankers. Filings on Thursday revealed 17 banks will split up to $32.3 million for Alibaba Group's Hong Kong deal, which will raise up to $12.9 billion for the Chinese e-commerce giant. Earlier this week, sources told Reuters that banks working on Saudi Aramco's IPO would split fees worth 0.35% of the amount raised, meaning at the top of its pricing range, raising $25.6 billion, fees would reach $90 million.

  • Alibaba Debuts Shares in Hong Kong: BABA Implications

    Alibaba Debuts Shares in Hong Kong: BABA Implications

    This stock has a lot of upside potential, with the looming trade war being the only hampering its surge.

  • Amazon Throws Spaghetti at the Grocery Wall

    Amazon Throws Spaghetti at the Grocery Wall

    (Bloomberg Opinion) -- Inc. loves to tinker and test. Sometimes projects that seemed like mindless fiddling — the Kindle e-reader, the Prime shopping club, its Amazon Web Services cloud-computing operation — turned out to be important advances for the company, its customers and the technology industry.Despite that history, I have to ask: Does Amazon know what it’s doing in groceries?When Amazon agreed to buy the Whole Foods supermarket chain for nearly $14 billion more than two years ago, it was regarded largely as a bold masterstroke. Groceries and other household goods are a magical category of consumer spending, with close to $1 trillion spent in the U.S. each year. The combination of large spending, the frequency of grocery shopping and its relative lack of e-commerce penetration has made groceries a prime (pun intended) target for Amazon, China’s Alibaba Group Holding Ltd. and other new economy giants.So far, Amazon’s serious foray into groceries is marked by head-scratching tactics and middling financial and strategic performance. It’s still early in the supermarket era for Amazon, and it’s never wise to count the company out. Still, unlike Amazon’s history of wild experiments that became wild successes, the company doesn’t have the field of grocery innovation entirely to itself. And it remains unclear whether Amazon has a novel or sensible idea to take grocery shopping in a fresh direction. For now, Amazon has a growing grocery sprawl. Customers can buy groceries and household goods from Amazon in a tangle of spots: its eponymous website; Prime Pantry, a separate shopping club for bulky household goods; the 12-year-old Amazon Fresh grocery delivery service that is expanding; Whole Foods and its separate and expanding delivery operation; the Prime Now delivery service for orders in some cities in one or two hours; Amazon’s couple dozen Go convenience stores without cashiers; a different supermarket chain that Amazon is starting from scratch; a couple of drive-in grocery pickup kiosks in the Seattle area; and — if you’re not exhausted yet reading this list— Bloomberg News reported Wednesday that Amazon wants to take the cashier-less Go technology into larger, supermarket-sized stores.There may be a method to Amazon’s grocery madness. For now, it just looks like madness.The company’s most established grocery operation, Fresh, has languished for years. Amazon has made sensible changes at the 500-store Whole Foods chain, but there have been few of the earth-shattering retail innovations that people expected or feared at the time of that acquisition. And Amazon, which has had patchy success with online shopping outside the U.S., has a largely parochial supermarket operation.Investors barely press Amazon to explain its performance and strategy with Whole Foods and its other food initiatives, and Amazon has obliged by not saying much. Amazon’s limited financial disclosures are enough to make me wonder whether groceries sales at U.S. market leader Walmart are growing faster than those at Amazon’s relatively pipsqueak operation.Amazon’s reported third-quarter revenue growth for its physical stores, which include Whole Foods, Go stores and Amazon’s collection of bookstores — declined 1% from a year earlier after adjustments for movements in foreign currencies. This growth figure excludes Whole Foods delivery orders or purchases made for pickup in stores — fast-growing categories of grocery spending.Amazon in previous quarters provided adjusted figures that indicated its physical stores’ revenue growth was closer to 5% to 6% including online and pickup orders. Walmart in the third quarter said its U.S. grocery operation recorded a “mid-single-digit” percentage comparable sales growth — roughly the same range, you’ll notice, as Amazon’s earlier growth figures.The strategic and financial costs for Amazon’s grocery initiatives are enormous. Whole Foods was by far Amazon’s largest acquisition in its history. My Bloomberg News colleagues previously reported that Amazon has spent hundreds of millions of dollars on Go stores, and that may be a lowball figure. In Wednesday’s article, Bloomberg reported that some of the 1,000 or so people working on Go were recently told their cumulative salaries have totaled more than $1 billion since the project started in 2012.A larger, suburban-sized grocery store is what Amazon originally imagined for its cashier-less Go stores before deciding that megamarkets were overly ambitious. The smaller-format Go stores certainly have received much attention — and they are the genuinely novel idea that Amazon hasn’t showed in its other physical store attempts. Still, it’s hard to call the Go stores a success so far, and Amazon has been less ambitious with their rollout than it planned initially.The sophisticated technology behind shopping with as little human interaction as possible is a promising idea, and it could be licensed to non-Amazon supermarkets or other retail stores, as Amazon, Microsoft Corp. and other technology companies are trying. I do wonder whether retailers that compete with Amazon — essentially all retailers these days — will be willing to pay to use technology from a competitor. Those fears, and the response by technology companies and grocers to Amazon’s push into food sales, are among the signs that Amazon may have less time to tinker than it did in the past. It’s the company that everyone else watches closely, to immediately imitate or respond to what it is doing. Amazon has a long leash from investors to figure out tactics that will give the company a crack at an enormous chunk of people’s wallets. The experience of shopping for groceries definitely could use fresh ideas and approaches. I’m just not convinced that Amazon has them.To contact the author of this story: Shira Ovide at sovide@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shira Ovide is a Bloomberg Opinion columnist covering technology. She previously was a reporter for the Wall Street Journal.For more articles like this, please visit us at©2019 Bloomberg L.P.

  • Alibaba on track to raise £10bn in Hong Kong listing
    The Guardian

    Alibaba on track to raise £10bn in Hong Kong listing

    Alibaba on track to raise £10bn in Hong Kong listing. E-commerce group plans to sell 500m shares in biggest offering across global markets this year

  • Amazon Expands Deal With Salesforce, Gains Competitive Edge

    Amazon Expands Deal With Salesforce, Gains Competitive Edge

    AWS, Amazon's (AMZN) robust cloud platform, extends global partnership with in a bid to further bolster its cloud offerings.

  • China's Pinduoduo posts bigger loss as costs surge; shares tumble

    China's Pinduoduo posts bigger loss as costs surge; shares tumble

    The company was started just four years ago but has been described by analysts as a disruptor to the dominance of Alibaba Group Holding Ltd's Taobao and Inc over China's retail sector thanks to its popularity among the country's rural residents. "We continued to invest in our users throughout the third quarter, and stepped our marketing up a notch from the second half of September," Chief Executive Officer Huang Zheng said in a statement. The company, which gained a following in China by strategies such as offering consumers deeper discounts on mostly generic products if they buy in groups, also blamed the larger-than-expected loss on the so-called "choose one from two" practices.

  • Alibaba Raises $11 Billion in Biggest Hong Kong Listing Since 2010

    Alibaba Raises $11 Billion in Biggest Hong Kong Listing Since 2010

    (Bloomberg) -- Alibaba Group Holding Ltd. has raised about HK$88 billion ($11.2 billion) in its Hong Kong share sale, marking the biggest equity offering in the financial hub since 2010.The company confirmed that it has priced 500 million new shares at HK$176 each in a statement on Wednesday. The price represents a 2.9% discount to the last close of Alibaba’s American depository shares in New York, with each equal to eight ordinary shares of the internet company. This Hong Kong share sale is also one of the largest globally this year.The mega share sale comes as Hong Kong’s economy has been hurt by months of increasingly violent protests and growing anti-China sentiment. Alibaba’s return will please Chinese officials who’ve watched many of the country’s largest private firms flock overseas for capital. With a Hong Kong listing in sight, Alibaba will challenge Tencent Holdings Ltd. for the title of the largest listed corporation in the city.Why Now, and Why Hong Kong, for Alibaba’s Share Sale?: QuickTakeAlibaba has allocated more shares for individual investors, raising the ratio to 10% from 2.5% of the total offering, people familiar with the matter said, who asked not to be identified as the details are private. The company has an over-allotment option to sell an additional 75 million shares.The firm is planning to have its shares start trading Nov. 26 on the Hong Kong exchange under the ticker 9988. Eight is an auspicious number in Chinese culture.Hong Kong is no stranger to Alibaba as the tech giant once listed its business-to-business platform in the city in 2007. Shares of tripled at debut on overwhelmingly strong investor demand for technology companies. The enthusiasm didn’t last and the stock plunged later. Alibaba took the platform private in 2012 at HK$13.5 each, which was the IPO offer price five years earlier.In 2014, Alibaba listed its shares in New York in the biggest ever initial public offering. After losing some of China’s brightest technology stars, Hong Kong started looking into allowing dual-class shares. Last year, the city’s bourse introduced new rules to accommodate the structure. The efforts to lure Alibaba went all the way to the top of Hong Kong’s government, with Chief Executive Carrie Lam exhorting billionaire Jack Ma to consider a share sale in the financial hub.A listing in Hong Kong brings Alibaba closer to its home market as well as Chinese investors. The company could become eligible for trading via the two links with China, which allows investors on the other side of the border to buy and sell shares listed in the former British colony.Read: Alibaba Won’t Join Hong Kong’s Stock Benchmark Any Time SoonAlibaba is “hopeful to be eligible in the future,” its head of investor relations Rob Lin said on an investor call last week.“The key element as to why this listing here in Hong Kong could be an advantage is the stock connect,” Ken Wong, a Hong Kong-based Asian equity portfolio specialist at Eastspring Investments Hong Kong Ltd., said on Bloomberg Television. “Once Alibaba’s in the stock connect, you have a lot of mainland Chinese investors who can finally start to invest in Alibaba.”Credit Suisse Group AG and China International Capital Corp. are the joint sponsors of the share sale. Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley are also arranging the deal.\--With assistance from Julia Fioretti.To contact the reporters on this story: Carol Zhong in Hong Kong at;Lulu Yilun Chen in Hong Kong at;Crystal Tse in New York at ctse44@bloomberg.netTo contact the editors responsible for this story: Fion Li at, Peter ElstromFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Business Wire

    Alibaba Group Announces Pricing of Global Offering

    The final offer price for both the international offering and the Hong Kong public offering (the “Offer Price”) has been set at HK$176 per Share. The Company has set the Offer Price by taking into consideration, among other factors, the closing price of the ADSs on November 19, 2019 (the latest trading day before pricing).

  • Alibaba raises up to $12.9 billion in landmark Hong Kong listing

    Alibaba raises up to $12.9 billion in landmark Hong Kong listing

    Chinese e-commerce giant Alibaba Group raised up to $12.9 billion in a landmark listing in Hong Kong, the largest share sale in the city in nine years and a world record for a cross-border secondary share sale. The deal will be seen as a boost to Hong Kong following more than five months of anti-government protests and its recent slide into its first recession in a decade. Alibaba said in a statement it had priced the shares at HK$176 ($22.49) each, a discount of 2.9% to its New York closing price, confirming information earlier reported by Reuters.

  • Alibaba Listing a Shot of Confidence for H.K.: BDA China

    Alibaba Listing a Shot of Confidence for H.K.: BDA China

    Nov.21 -- Duncan Clark, chairman at BDA China, discusses Alibaba’s listing in Hong Kong, if the unrest in the city could negatively impact the listing, consumer trends and the outlook for the tech sector. He speaks on “Bloomberg Markets: Asia” from the sidelines of Bloomberg's New Economy Forum in Beijing.

  • Huge Gains in Alibaba's Hong Kong Debut Doubtful, Eastspring's Wong Says

    Huge Gains in Alibaba's Hong Kong Debut Doubtful, Eastspring's Wong Says

    Nov.19 -- Ken Wong, Asian equity portfolio specialist at Eastspring Investments, talks about Alibaba Group Holding Ltd.'s Hong Kong stock offering, and the implications for Tencent Holdings Ltd. He speaks with David Ingles and Tom Mackenzie on "Bloomberg Markets: China Open."

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