Hong Kong bourse said to discuss new listings with Ctrip, Netease

Hong Kong bourse said to discuss new listings with Ctrip, Netease

REUTERS/Bobby Yip

Hong Kong Exchanges & Clearing Ltd. is discussing secondary listings with Chinese technology companies including Trip.com Group Ltd. and Netease Inc. after Alibaba raised $13 billion in its 2019 share offering in the city, according to people familiar with the matter.

Bourse officials have held follow-up talks with the two U.S.-listed firms about the possibility of a secondary share sale, the people said, requesting not to be named because the matter is private. The discussions are preliminary and subject to change, they added.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter