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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 75.3 HKD | +3.15% |
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+12.89% | -0.40% |
| Apr. 24 | Chinese Internet Companies Lead the Way in AI Revolution | MT |
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JAKARTA (Reuters) - Southeast Asian online lending platform Akulaku, which is backed by China's Alibaba, has recently secured $100 million of debt financing from London-based HSBC, Akulaku's CEO said on Friday.
William Li told Reuters the proceeds from HSBC's financing will be used to settle some of Akulaku's debts.
Akulaku has a presence in the Philippines, Malaysia and Thailand, plus Indonesia, its major market for the company.
In 2022, Japan's Mitsubishi UFJ Financial Group (MUFG) and Thailand's Siam Commercial Bank invested $200 million and $100 million, respectively, in Akulaku.
(Reporting by Stefanno Sulaiman; Editing by Martin Petty)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 75.55 USD | +0.59% | +9.38% | 184B | ||
| 75.3 HKD | +3.15% | +12.89% | 184B | ||
| 1st Jan change | Capi. | |
|---|---|---|
| -0.40% | 184B | |
| -8.43% | 91.88B | |
| +41.15% | 91.6B | |
| -10.53% | 71.28B | |
| +13.73% | 53.58B | |
| +19.26% | 26.35B | |
| +17.48% | 10.05B | |
| -11.43% | 8.53B | |
| -15.19% | 5.59B | |
| -14.39% | 3.7B |
ALIBABA GROUP HOLDING LIMITED 
