Two Chinese Tech Firms Prepare Hong Kong Listings as U.S. Pressure Rises
Listings plans by JD.com and NetEase to be reviewed Thursday by Hong Kong’s stock exchange as they prepare to follow Alibaba
Two of China’s most valuable U.S.-listed companies are pushing ahead with multibillion-dollar share sales in Hong Kong, amid growing pressure from U.S. lawmakers for greater financial scrutiny of Chinese companies.
The listing plans of NetEase Inc., an online-games company, and JD.com Inc., the operator of an e-commerce website, will be reviewed on Thursday by the listing committee of Hong Kong’s stock exchange.
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Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.