BABA Aug 2024 85.000 call
- Moneywise
‘Big Short’ investor Michael Burry just made a big bet on gold — and dumped tech giants Alphabet and Amazon
A bullish bet on a safe haven asset.
- South China Morning Post
Lenovo issues US$2 billion convertible bonds to Saudi Arabia sovereign fund to finance debt repayment, expansion
Lenovo, the world's largest PC maker, is raising US$2 billion by issuing zero-coupon convertible bonds to a unit of Saudi Arabia's sovereign wealth fund, close on the heels of similar offerings made by e-commerce giants Alibaba and JD.com as issuers seek to lower funding costs. The three-year bonds will pay no interest but give the investor, Alat, a subsidiary of the Saudi Arabia's Public Investment Fund (PIF), the option to convert its holdings into shares at an initial conversion price of HK$1
- Investing.com
Alibaba Health surges 13% on strong FY earnings
Investing.com-- Shares of Alibaba Health Information Technology (HK:0241) rose sharply on Tuesday after the firm clocked a sharp jump in its annual earnings on improved margins and strong demand for healthcare services and pharmaceuticals on its platforms.
