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Yulu Ao

Bitcoin and gold rallied this week as the size of America’s sovereign debt continued to haunt global financial markets. Meanwhile, Alibaba Group Holding’s top executives and founder Jack Ma bought back shares, and Shein announced plans for a smaller Hong Kong initial public offering than previously expected.
Here are some of the figures that have drawn the most market attention this week.
Founder, executives buy over HK$800m of Alibaba shares
Alibaba founder Ma, chairman Joe Tsai and CEO Eddie Wu Yongming collectively bought more than HK$800 million (US$102 million) worth of the company’s Hong Kong-listed shares within days.
Ma accounted for more than HK$600 million of the purchases, while Tsai and Wu spent a combined HK$202 million, signalling confidence in Alibaba – owner of the South China Morning Post – as it steps up its push into artificial intelligence.
Bitcoin climbs above US$80,000
Bitcoin climbed past US$80,000 for the first time in three months this week.
The rally, which took bitcoin above US$80,900 on Tuesday, came as Washington’s efforts to curb elevated Treasury yields boosted appetites for alternative assets such as cryptocurrencies.
Hong Kong’s lived-in home prices fall 0.46 per cent
Hong Kong’s lived-in home prices index slipped to 321.5 in July from 323 in June, Rating and Valuation Department data showed on Thursday. It was the first decline in the index, which tracks the prices of second-hand homes, in 16 months.
Shein seeks up to HK$13.85b in Hong Kong IPO
Fast-fashion giant Shein is seeking to raise as much as HK$13.85 billion (US$1.76 billion) in its long-awaited Hong Kong initial public offering, reviving a listing plan first contemplated four years ago.
The company is offering 279 million shares at HK$47.60 to HK$49.50 apiece, with trading expected to begin on September 1, according to a stock exchange filing on Monday.


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Alibaba shares, bitcoin, Hong Kong second-hand home prices and Shein’s IPO plans in spotlight this week


Alibaba shares, bitcoin, Hong Kong second-hand home prices and Shein’s IPO plans in spotlight this week.


Bitcoin rally and Alibaba share purchases: the numbers moving markets

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Alibaba shares, bitcoin, Hong Kong second-hand home prices and Shein’s IPO plans in spotlight this week

Founder, executives buy over HK$800m of Alibaba shares

Bitcoin climbs above US$80,000

Alibaba shares, bitcoin, Hong Kong second-hand home prices and Shein’s IPO plans in spotlight this week