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Markets · Equity
China’s tech giants and NetEase plans for secondary listings on HKEx
2020/01/03 09:09:02
Secondary listing, Hong Kong Stock Exchange, Technology

Jan 03, 2020 (China Knowledge) - According to insiders, China’s online travel agency (TCOM) and internet giant NetEase (NTES), which are listed in the U.S., are planning secondary listings on the HKEx.

The tech giants’ plans come after Alibaba’s recent USD 13 bln secondary listing in Hong Kong in last Nov. With U.S. authorities stepping up checks, it is also likely that more and more U.S-listed tech companies from China will likely opt for dual-listing in both U.S. and Hong Kong. and NetEase are currently two of the biggest tech companies in China, with an estimated combined value of USD 60 bln. was first listed in the U.S. on NASDAQ in 2003, whereas NetEase was first listed on NASDAQ in 2000.

It is reported that Hong Kong Exchanges & Clearing is current in discussion with both and NetEase with regard to the secondary listings. Both NetEase and declined to comment on the reported secondary listing plans.

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