NetEase Inc. is poised to raise HK$21 billion ($2.7 billion) in its Hong Kong stock offering as it’s telling prospective investors that it will likely price the shares at around HK$123 apiece, according to people with knowledge of the matter.
Employees of Estee Lauder Cos., one of the world’s largest beauty businesses, called for the ouster of a board member and family heir over his support for President Donald Trump and criticism of the company’s response to the protests against police violence.
Welcome to Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get you through to the weekend:
Months after billionaire Mukesh Ambani’s upstart Indian wireless carrier swept into the No. 1 spot, a trounced rival is mounting a comeback, and investors are loving it.
A New York Times opinion piece recommending that the U.S. military be used to quell demonstrations suffered from a “rushed editorial process” and “did not meet our standards,” the newspaper said after a review of the controversial commentary.
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