Alibaba’s movie unit stars in $1.56b deal

The growth of Alibaba’s financial services arm highlights a burgeoning sector in China hungry for capital: fintech

The most highly anticipated IPO since Facebook looms closer. China’s internet industry offers enormous potential but also has its risks.

HiChina, which is 85% owned by Hong Kong-listed Alibaba.com, may seek to raise up to $150 million and has hired Credit Suisse and Morgan Stanley to help with the spin-off, sources say.

The US banking giant’s infrastructure arm has agreed to acquire the Australian gas pipeline operator. In another deal, Aberdeen Investments and ACCIONA have set-up a SPV for a New Zealand motorway project.

Anders Svensson is joining the bank in Sydney from Morgan Stanley.

Alibaba founder warns the industrial sector it is next in line for the kind of digital disruption that has transformed the consumer sector in the last decade.