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Chinese Search Giant Baidu Taps Hong Kong Market for Funds -- Update


By Joanne Chiu
Baidu Inc., the operator of China s largest search engine, aims to raise about $3.03 billion from a Hong Kong share sale, joining a string of U.S.-traded peers in securing a secondary listing closer to home.
Chinese companies whose stock already trades in the U.S. have rushed to obtain listings in Hong Kong, both as a way to tap investors who are more familiar with businesses from China, and as an insurance policy against potentially being kicked off U.S. markets.
Since Hong Kong s stock exchange relaxed its rules in 2018 to allow such secondary listings, 10 companies, including JD.com Inc., NetEase Inc. and Yum China Holdings Inc., have issued stock in Hong Kong, raising a combined $29.9 billion, Dealogic data shows. The biggest deal was by e-commerce giant Alibaba Group Holding Ltd., which raised $12.9 billion. ....

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First 5G commercial network in operation in Russia


First 5G commercial network in operation in Russia
First 5G commercial network in operation in Russia
Moscow, March 7 (Prensa Latina) The MTS mobile telephone operator launched the first 5G network in Russia, which is already available in 14 busy places of Moscow, local media reported on Sunday.
After many tests, our company has launched the first 5G pilot network in Russia, available for our thousands of users, CEO of the company Alexei Kornia noted, according to Sputnik news agency.
He claimed that MTS users that have cell phones compatible with this technology can enjoy the 5G high connectivity advantages in this capital, in downtown areas of the city for the time being, especially in the historic center. ....

Alexei Kornia , Temas Relacionados , Prensa Latina , ப்ரெந்ஸ லத்தீன் ,