NetEase, listings boost Hong Kong status

Jun. 11, 2020 6:50 AM ETNetEase, Inc. (NTES), JDNTES, JDBy: Yoel Minkoff, SA News Editor7 Comments
  • Hong Kong's status as a destination for major Chinese technology companies got a lift overnight amid recent tensions over U.S. listing requirements.
  • Shares of mobile games group NetEase (NASDAQ:NTES) jumped nearly 10%, with the retail portion of the stock sale more than 130 times oversubscribed, while e-commerce company (NASDAQ:JD) fixed a price for its own $3.9B offering.
  • The moves are likely to increase inflows and strengthen the local dollar at a time when China's national security law has raised concerns about the city's future as a financial hub.

Recommended For You

Comments (7)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.