Alibaba split announcement sends shares soaring

Lee Kian Soon, CEO of Astral Asset Management Singapore shared the following insights on Asian Midday Market Watch:

• Alibaba announced it will split its company into six business groups, each with the ability to raise outside funding and go public. Kian Soon weighs in on the reasons behind this and its impact.
• Boao Forum, touted by some as Asia’s answer to the Davos World Economic Forum, is being held this week in China with the International Monetary Fund’s Managing Director Kristalina Georgieva as well as Malaysia’s and Singapore’s Prime Ministers attending. Kian Soon discusses the significance of this and how this may impact economic ties and markets moving forward.

Asian Midday Market Watch is powered by Private Pension Administrator Malaysia (PPA) the Central Administrator for Private Retirement Schemes (PRS)

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Presenter: Brian Fernandez