Tencent Rival NetEase Moves Ahead With Hong Kong Listing

0
32



Mobile-gaming group NetEase Inc. will begin taking investor orders later Monday for a multibillion-dollar Hong Kong share sale, people familiar with the matter said, as momentum builds for U.S.-listed Chinese groups to obtain secondary listings closer to home.

The Nasdaq-listed group’s planned secondary offering in Hong Kong comes after a roughly $13 billion Hong Kong debut by Alibaba Group Holding Ltd. last year, and is likely to be followed by another stock sale in the city by Chinese e-commerce group JD.com Inc.



Source link