Dive Brief: EBay unified organic search results with promoted listings in the first step toward showing the sponsored listings in “floating slots” on search results page. The company introduced the idea in its dynamic marketplace where promoted and unpromoted listings compete for placements in search results based on quality, conversion […]
listings
NetEase soars on Hong Kong debut, in upbeat sign for secondary listings
HONG KONG — Chinese game developer NetEase’s shares surged 5.7% on their trading debut in Hong Kong on Thursday, after raising at least $2.7 billion for its secondary listing, while online retailer JD.com priced its offering on the city’s exchange at a narrow discount to its New York close. The […]
NetEase jumps in Hong Kong, in upbeat sign for secondary listings
HONG KONG — Chinese game developer NetEase’s shares jumped 8% as it began its trading debut in Hong Kong on Thursday, after raising at least $2.7 billion for its secondary listing, while online retailer JD.com priced its offering on the city’s exchange at just a 3.9% discount to its New […]
Trump sets deadline for rethink of Chinese companies’ US listings
HONG KONG/PALO ALTO — President Donald Trump has ordered U.S. regulators to suggest ways to tighten scrutiny of New York-listed Chinese companies within the next 60 days, as tensions persist between Washington and Beijing over financial and trade ties. “While China reaps advantages from American markets, however, the Chinese government has […]
China-US clash over stock market rules casts doubt over $1tn of listings
HONG KONG — Escalating tensions between the world’s two largest economies have taken on a new edge with a proposed audit rule for U.S.-listed Chinese companies, which threatens to restrict their access to American capital markets. U.S. senators last month approved a bill that could push companies off American stock markets if […]
China Inc. rethinks US listings as scrutiny tightens
SHANGHAI — Chinese enterprises have started reworking their fundraising strategies after encountering a less-welcoming environment for public offerings in the U.S. The Luckin Coffee accounting scandal has reignited calls to step up scrutiny on initial public offerings in the U.S. by Chinese companies. The U.S. Senate passed a bill on […]
China’s state-owned giants say farewell to Hong Kong listings
HONG KONG/BEIJING — Once viewed as a haven with access to foreign capital and marketplace discipline, Hong Kong’s stock exchange is seeing a growing number of China’s hulking state-owned companies delist units there so they can focus on taking leading roles on the mainland. The trend is only expected to […]