Alibaba Group is set to raise approximately HK$12 billion through exchangeable bonds to enhance its global cloud services and commerce ventures. The tech giant is making significant moves amidst fluctuating markets and economic data.
The US economy faced a slight contraction due to tariff impacts and reduced household spending, while Canada enjoyed a boost from exports and India surpassed growth expectations at 7.4%.
China's consumer price index has dropped at the fastest rate in 13 months, prompting concerns over economic health amid a trade war with the U.S. Analysts predict continued deflationary pressures and a cautious consumer outlook.
