As tensions between the U.S. and China escalate, Chinese companies are looking to secure secondary listings closer to home
Two of China’s most valuable U.S.-listed companies progressed toward listings in Hong Kong, with online-gaming group NetEase Inc. setting a price for its stock sale and e-commerce giantJD.com Inc. filing a preliminary prospectus.
The two companies are following JD.com rival Alibaba Group Holding Ltd. in securing secondary listings closer to their home market, amid tensions between the U.S. and China. The Senate in May passed a bill that could kick Chinese companies off U.S. stock exchanges unless American authorities can...
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