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STAFF

Alibaba starts trading in New York
Alibaba, considered the largest online retail store in the world, starts trading its shares in the United States. Analysts say the Chinese company will raise US$21.8 billion if share prices are set at the top end of the range. That would easily beat the previous biggest tech IPO - Facebook's US$16 billion. Alibaba originally planned to list in Hong Kong, but regulatory restrictions prompted founder and executive chairman Jack Ma Yun to move the IPO to the US.
 
Scottish independence result announced
The result of the independence vote in Scotland is announced. Counting continued overnight in the country's 32 local centres. The last results are expected from the biggest cities - Edinburgh, Glasgow and Aberdeen. If Scots vote for independence, negotiations will have to be held with London to make arrangements for separation. If they vote no, the UK government has promised greater autonomy for Scotland, including over raising taxes.
 
Debate on class boycott action
The chairman of pro-Beijing group Voice of Loving Hong Kong, Patrick Ko Tat-bun, goes head to head with Joshua Wong Chi-fung of Scholarism in a debate on the student class boycott next Friday. Voice of Loving Hong Kong is also filing a complaint about the boycott with the chief executive's office. University students launch a week-long boycott on Monday against Beijing's plans for the 2017 chief executive poll.
 
Hong Kong goes iPhone crazy
The iPhone 6 and iPhone 6 Plus go on sale for the first time in Hong Kong and eight other places around the world, so expect big crowds at the city's Apple stores. Pre-orders for the smartphones - the company's thinnest yet and with the largest display screens - hit a record four million in the nine markets last Friday. Prices for the iPhone 6 and iPhone 6 Plus start at HK$5,588 and HK$6,388.
 
UN Security Council discusses Iraq
US Secretary of State John Kerry chairs a ministerial meeting of the United Nations Security Council on the situation in Iraq. The objective is to support Iraq's efforts in combating Islamic State militants as well as to show international support for the new government. Last week, US President Barack Obama announced a new policy aimed at fighting the Islamic group, which has seized large swathes of territory in Syria and Iraq.
 
Asian Games begin in Incheon
The opening ceremony is held for the Asian Games, which are officially known as the 17th Asiad. It is the third time that a South Korean city has hosted the games, after Seoul in 1986 and Busan in 2002. There will be 439 events in 36 sports and disciplines during the 16-day event. Hong Kong will be hoping to better its medal tally during the games. Local athletes won eight golds in 2010.


Talking points

Alibaba founder and executive chairman Jack Ma Yun moved the company's IPO to the US due to regulatory restrictions in Hong Kong.

Patrick Ko Tat-bun (above), chairman of Voice of Loving Hong Kong, debates with Joshua Wong of Scholarism on the student class boycott.

US Secretary of State John Kerry chairs a ministerial meeting of the United Nations Security Council on the situation in Iraq.

Opinion

Comment

Our editors will be looking ahead today to these developing stories ...


Alibaba, considered the largest online retail store in the world, starts trading its shares in the United States. Analysts say the Chinese company will raise US$21.8 billion if share prices are set at the top end of the range.
