News Snapshot:
FILE PHOTO: Alipay logo is pictured at the Shanghai office of Alipay, owned by Ant Group which is an affiliate of Chinese e-commerce giant Alibaba, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China September 14, 2020. REUTERS/Aly Song/File Photo Reuters HONG KONG (Reuters) - China's Ant Group plans to raise about half of its $35 billion dual listing via the Hong Kong leg, without setting up a cornerstone tranche and betting on strong demand from institutional investors even without lock-up commitments, sources said. Backed by Chinese e-commerce giant Alibaba , Ant plans to list simultaneously in Hong Kong and...
