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Alibaba reportedly mulling to raise $20B through a second listing in Hong Kong – TechCrunch

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Massive news just dropped for Hong Kong’s capital markets. Alibaba, one of the world’s largest tech companies, is considering raising $20 billion through a second listing in Hong Kong, Bloomberg reported on Monday citing sources.

TechCrunch has reached out to Alibaba for comment and will update the story if and when we have more information. Alibaba said it doesn’t comment on market rumors when reached out by TechCrunch.

Unnamed people told Bloomberg that the money raised in Hong Kong is intended to help Alibaba “diversify funding channels and boost liquidity.” The Chinese ecommerce behemoth is aiming to file a listing application confidentially as early as the second half of 2019, according to the report. That would come five years after Alibaba famously scored a record $25 billion listing on the New York Stock Exchange following Hong Kong’s refusal to approve its filing due to rules around company structure.

But the Hong Kong Stock Exchange is becoming an increasingly popular destination for public offerings that put Chinese tech businesses closer to investors at home, as my colleague Jon Russell explained in 2017. The turning point came when the bourse finally introduced dual-class tech stock listings last year, a major appeal that helped HKEX attract such tech darlings as smartphone maker Xiaomi and food delivery service Meituan Dianping.

The news also arrived at a time when Chinese tech firms are coping with increasing hostility in the US amid a series of prolonged trade negotiations. Huawei and dozens of its affiliate companies were hit hard after the US placed them on its ‘entity list’, meaning American companies need to seek approval from the government before doing business with these Chinese firms. Just last week, China’s largest chipmaker announced that it would delist from the NYSE and focused on its existing Hong Kong listing, although the company claimed the plan had been brewing for some time and had nothing to do with the trade war.

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The 5 Best Android Apps For Note-Taking In 2023

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There is a variety of reasons why Google Keep is one of the best Android apps for notes. For starters, it comes pre-installed on most Android phones, so you won’t need to clog your storage with yet another app download. Even if you do need to install it, its a very small nine megabytes and won’t put too much strain on space.

With Google Keep, you have different types of notes at your disposal: plain text, checklist, image, drawing, and even voice recording. This lets you capture your thoughts with ease, regardless of what shape they may be in. Plus, each note can be personalized with colored or picture backgrounds to add a sprinkle of life and creativity to your collection.

But perhaps one of the most useful things about Google Keep is its collaboration feature. Just share your note to your friend’s email, and you can start working on your to-do lists or ideas together.

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Here’s Why The Cantilever Aero Bullet Is Considered The Worst Planes Ever Built

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The Wrights were engineers all over the world trading notes and testing prototypes with the shared goal of powered flight. Alberto Santos-Dumont flew a manned airship in a neat circle around the Eiffel Tower in 1901. Wilhelm Kress’s Drachenflieger might have etched its name in the Austrian sky in the same year, had its power-to-weight ratio not been thrown off by errors at a fledgling engine builder called Daimler.

All that seems to have sounded too much like work for Christmas. He did not study aerial flight. He carried out no experiments. He decided to skip to the part where people would pay him and a flying machine would appear. To that end, he founded the Christmas Aeroplane Company in 1909. In 1918, it would be known as the Cantilever Aero Company.

Christmas had nothing to sell but a story to the Continental Aircraft Corporation and New York Senator James Wolcott Wadsworth when World War I broke out.

[Featured image by Flight Archive at FlightGlobal via Wikimedia Commons | Cropped and scaled | CC BY-SA 3.0 ]

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Samsung SmartThings Station Review: One-Button Connected Home Control

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The SmartThings Station looks very similar in size and shape to Samsung’s Galaxy 15W Wireless Charger, with a couple of key extras. First, the “Smart Button” on the top panel lets you trigger up to three automated sequences involving any of your connected smart home devices. And two indicator lights on the front face of the unit show the status of the wireless charger and the status of the Station as a smart hub, such as: working normally, restarting, can’t connect to the Internet, or scanning for new devices to add to SmartThings.

The unit I tested came with a USB-C to USB-C cable, and an AC power adapter. There is also a lower-priced SKU that does not include the power adapter, but be wary of that, as many online commenters complained that it did not work with their third-party power adapters. 

Once I plugged in the SmartThings Station, and it booted up for the first time, a pop-up on my Samsung Galaxy S22 Ultra phone prompted me to go to the SmartThings app, where I connected the Station to the same Wi-Fi network as the phone. You can opt to save the Station’s network connectivity info to Samsung’s SmartThings cloud while you’re at it.

After setup, the app shows the Station device info, such as its location (My home, My office, etc.) and room (living room, bedroom, kitchen, and so forth).

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