SK Hynix’s planned US listing drew demand more than 7 times supply
What’s next: The chipmaker is set to price the deal Thursday, in a sale that could raise about $24.5 billion to $28 billion.
Bloomberg, BBC News (World) +2
Subject
#Alibaba Group
SK Hynix US share sale draws 7 times demand ahead of pricing
What's next: The chipmaker aims to raise about $28 billion, with Nasdaq trading set to start Friday before regular trading on July 13.
Lazada cuts about 5% of workforce across 6 Southeast Asia markets
What's new: Singapore union members affected by the layoffs will get a year of membership and training grant support.
Channel News Asia, The Business Times (Singapore) +1
Pentagon puts Alibaba, Baidu and BYD back on China military list
Why it matters: The 1260H label can block Pentagon contracts and research funds and often foreshadows tougher US trade curbs.
BBC News (US & Canada), Bloomberg +5