Alibaba eyes $20 bn second listing in HK: report

Alibaba eyes $20 bn second listing in HK: reportChinese e-commerce leader Alibaba Group is exploring a potential second listing in Hong Kong that could raise $20 billion as Beijing seeks to encourage its tech titans to list closer to home, a report on Tuesday said. US-listed Alibaba is aiming to file an application in Hong Kong as early as the second half of 2019, Bloomberg News reported, quoting unidentified people with knowledge of the plans. The listing would be intended to open up new funding channels for Alibaba, whose 2014 listing in New York raised $25 billion in the world’s largest initial public offering.

Everest 'traffic jam' survivor calls for tougher rules

Everest 'traffic jam' survivor calls for tougher rulesAmeesha Chauhan, a survivor of the Everest “traffic jam” who is in hospital recovering from frostbite, said climbers without basic skills should be barred to prevent a recurrence of this year’s deadly season on the world’s highest peak. Nepal issued a record 381 Everest permits this season, and several hundred of the summiteers are not properly trained, take poor decisions and “put their own life in risk and also the Sherpa guides”, Chauhan said. “I saw some climbers without basic skills fully relying on their Sherpa guides.