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Kane Wu

Reporter

Indexed articles, last 90 days
6
Latest publication
Aug 24, 2026
Outlet visibility, for yahoo.com
Top 1K sites
Earliest in this view
Jul 8, 2026
The latest indexed work is over 30 days old. There may be a gap in what we hold.

Latest articles

  1. Article · Aug 24, 2026 · Kane Wu, Samuel Shen and Casey Hall

    Alibaba shares slide after $10.2 billion AI share sale offered at sharp discount (opens the original)

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    HONG KONG/SHANGHAI, Aug 24 (Reuters) - China's Alibaba shares slumped in Hong Kong trade on Monday after it launched a $10.2 billion share sale at a steep discount to fund its AI ambitions, with investors focused on stock dilution and execution risks. The e-commerce and cloud computing giant said it would sell HK$80 billion ($10.2 billion) ‌of new shares at HK$112.70 each, an 8.4% discount to Friday's close, to fund chips, AI infrastructure and models. AI has become Alibaba's biggest driver of r

  2. Article · Aug 17, 2026 · By Kane Wu and Eduardo Baptista

    Alibaba to sell Lingxi Games in more than $2 billion deal, source says (opens the original)

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    HONG KONG, Aug 17 (Reuters) - Alibaba Group is expected to reap more than $2 billion from the sale of its game developer unit Lingxi Games to private ‌equity firm Trustar Capital, a person familiar with the matter told Reuters. Alibaba and Trustar have reached a ‌formal agreement after several rounds of talks, according to an internal memo sent to Lingxi staff on Monday by the game developer's CEO ​Zhou Bingshu and reviewed by Reuters. Lingxi, Alibaba and Trustar did not immediately respond to r

  3. Article · Jul 17, 2026 · Kane Wu and Yantoultra Ngui

    China's Zhongji Innolight nears Hong Kong listing of up to $7 billion (opens the original)

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    HONG KONG/SINGAPORE, July 17 (Reuters) - China's Zhongji Innolight moved closer to a Hong Kong share sale after publishing its post-hearing draft prospectus on Friday, giving investors fresh details on its rapid growth and U.S.-related ‌risks. The Shenzhen-listed company makes optical modules used in artificial intelligence data centres. These parts help move large amounts of data ‌quickly between computer servers. Zhongji aims to raise up to $7 billion in its Hong Kong listing, sources told Reu

  4. Article · Jul 13, 2026 · Kane Wu and Saqib Iqbal Ahmed

    Asian tech firms seeking to follow SK Hynix may find foreign investors more selective (opens the original)

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    HONG KONG/NEW YORK, July 13 (Reuters) - South Korean chipmaker SK Hynix may have had a rousing $26.5 billion U.S. share sale and market debut last week, but that owed much to its pivotal role in the AI ‌supply chain and timing. Other Asian tech firms are expected to take note and also look to tap foreign investors but they ‌are likely to find appetite for AI-related companies more selective, investors say. Current levels of investor exuberance over AI are going to be hard to maintain as fears gr

  5. Article · Jul 10, 2026 · Kane Wu, Helen Reid and Julie Zhu

    Shein's secretive founder Sky Xu faces biggest public test with Hong Kong IPO (opens the original)

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    HONG KONG/LONDON, July 10 (Reuters) - Shein's high-profile stock market listing may force its secretive founder and CEO, Sky Xu, to finally come out of the shadows. The fast-fashion giant secured approval for its initial public offering in Hong Kong ‌on Friday, its third bid at going public after attempts to list in New York and London floundered. Xu, who founded the e-commerce company ‌in China in 2012 as Sheinside, remains extremely private and hard to access even as his firm nears a listing t

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