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Chinese gaming company NetEase seeks to raise between $2.6B to $3B in a Hong Kong secondary offering, amid tensions between Beijing and Washington (Financial Times)
Financial Times: Chinese gaming company NetEase seeks to raise between $2.6B to $3B in a Hong Kong secondary offering, amid tensions between Beijing and Washington — Gaming group's share sale could start wave of Chinese businesses raising cash in city — Gaming group NetEase will sell up to $3bn of shares …
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After a 40% share price drop in 2019, Baidu has been replaced on the top 5 list of China's most valuable internet companies by NetEase
Zheping Huang / Bloomberg: After a 40% share price drop in 2019, Baidu has been replaced...
