Richard Liu of JD.com speaks during its initial public offering (IPO) on the Nasdaq exchange on May ... [+] 22, 2014 in New York City. Andrew Burton/Getty ImagesChinese e-commerce giant JD.com is seeking to raise HK$31.4 billion ($4.05 billion) through a second listing in Hong Kong, joining fellow tech companies including Alibaba and NetEase in choosing the Asian financial hub as a foothold closer to home. The proposed listing of the Beijing-based company comes hot on the heels of the second listing of Nasdaq-listed gaming firm NetEase, which announced on Sunday that it had priced its Hong Kong offering at HK$123 per share to raise $2.7 billion. NetEase cited such risks in its Hong Kong prospectus. Last November, New York-listed Alibaba became the first of the U.S.-traded Chinese companies to debut in Hong Kong via a $13 billion through a secondary listing.

Source: Forbes June 08, 2020 05:37 UTC