A strong showing for Netease in Hong Kong is a good sign for other US-listed Chinese tech firms looking at a second offering closer to home.
JD’s debut made it the third Chinese tech firm to launch a secondary listing in Hong Kong, following rival Alibaba and gaming giant NetEase.
The dual listing in Hong Kong for e-commerce giant JD.com could follow just months after rival Alibaba’s blockbuster secondary listing in the same city.
TechNode sources confirm reports that Didi will be the next Chinese tech behemoth to push ahead with a multi-billion Hong Kong listing plan.
Tencent-backed Kuaishou is the second most popular short-video app in China, behind Bytedance’s Douyin, with 302 million DAUs as of June 30.
Vipshop is the latest in a series of US-listed Chinese tech companies mulling a secondary offering in Hong Kong to hedge the risks of a China-US tech war.
NetEase’s deal, hailed as a homecoming for a Chinese company returning to a local stock exchange, will be Hong Kong’s largest listing so far in 2020.
A day after announcing the pricing for shares sold in its dual listings, Ant Group decided to close its books early due to high demand.
JD Health is the latest JD.com affiliate preparing to go public in a recent spree amid mounting investor interest in healthtech.
A possible secondary listing in Hong Kong for e-commerce firm JD.com follows rival Alibaba’s $13 billion offering in November.