Gaming company NetEase will seek a secondary listing in Hong Kong to raise billions of dollars and avoid the United States' increasing hostility to Chinese companies.
NetEase feels that US regulators and lawmakers are considering new rules that would lead to more scrutiny and make it tougher to go public or keep trading in New York.
According to NetEase, such rules could cause investor uncertainty for issuers that could adversely affect the market price of their US shares and cause them to be de-listed.
Brock Silvers, chief investment officer for Hong Kong-based Adamas Asset Management, noted that Hong Kong is seen by Chinese tech giants as the middle ground for being under Chinese control but with US dollar access.
Also, unlike mainland China, Hong Kong allows capital to flow more openly.
Some companies that trade in New York, such as Baidu and Trip.com, may also list in Hong Kong.
Baidu founder and chairman Robin Li said they are paying attention to the US government's tightening regulations on Chinese firms and ascertaining what they can do to cope with it, including a secondary listing in Hong Kong.


Syrah Resources and Tesla Extend Deadline on Graphite Supply Dispute to March
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales
Toyota Industries Buyout Faces Resistance as Elliott Rejects Higher Offer
Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains
TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure
U.S. Transportation Board Sends Union Pacific–Norfolk Southern Merger Back for Revision
China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings
Trump Criticizes NYSE Texas Expansion, Calls Dallas Exchange a Blow to New York
Lululemon Founder Chip Wilson Escalates Proxy Fight to Remove Advent From Board
White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability
Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling
Micron to Buy Powerchip Fab for $1.8 Billion, Shares Surge Nearly 10% 



