Company says it is raising capital for growth, geographic expansion, strategic investments, mergers and acquisitions and automation

China has reined in its most successful and freewheeling tech giants while European countries have attracted further investment

Weibo, which raised $385 million, opened at HK$256.20 after pricing its shares at HK$272.80, and slipped to HK$254 in afternoon trading

The group, which has $82.9 billion under management, said chief financial officer Kirsten Morton would become interim CEO

Some bondholders did not receive coupon payments due on Monday in what could be group's first offshore default on a public bond. That will trigger cross-defaults on $19bn bonds in global markets

SoftBank Group shares fell by over 8% in Tokyo on Monday – the seventh consecutive day of decline – as the market digested the falling value of key investments and opposition to the sale of Arm

China's securities regulator said some companies are in discussion with US exchanges about future listings.

The delisting of China stocks in the US quickened as Didi announced its exit and the US finalized rules to enforce audits on Chinese firms.

Tokyo, Shanghai, Sydney, Singapore, Seoul, Wellington and Manila all rose, though there were losses in Mumbai, Bangkok, Taipei and Jakarta

Citigroup is seeking a securities licence in China as the US bank eyes a bigger presence on the mainland

Backdoor listing on Nasdaq marks the high point for the nine-year-old Singapore company that began as a ride-hailing app and now operates in eight countries

Greenwich Investment Holdings took ownership of the 34.5% interest held by a unit of China's Suning Appliance