NetEase follows Alibaba’s lead with secondary listing in HK

By Jonathan Breen
04 Jun 2020

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.

This week, both the US and Hong Kong stock markets moved upwards, shrugging off US president Donald Trump’s threats to remove Hong Kong’s special status after China said it will enforce a new security law on the territory.

The Hang Seng was up 5.9% for the week to ...

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