NetEase follows Alibaba’s lead with secondary listing in HK

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NetEase follows Alibaba’s lead with secondary listing in HK

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Scenic view over Hong Kong island, China, by night. Multicolored nighttime skyline with illuminated skyscrapers seen from Victoria Peak | Dmitry Telegin/Funny Studio - stock.adobe.com

Chinese online game developer NetEase had covered its HK$21.6bn ($2.8bn) secondary listing in Hong Kong multiple times over by the time GlobalCapital Asia went to press on Thursday. Investors have long awaited the company’s return from the US, pumping in orders as markets rallied despite numerous geopolitical headlines. Jonathan Breen reports.

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