[Infostock Daily= Reporter Park Hyo-sun] JD.com and Netease, listed on the Nasdaq, will push for listing on the Hong Kong stock market next month.
The two companies are looking for diversification of funding in the US's move to tighten regulations on Chinese companies.
China's second-largest e-commerce company JD.com will be listed on June 18 after passing the Listing Reserve Review of the Hong Kong Exchange next week. JD.com plans to raise $3 billion through the IPO, which is expected to become the largest IPO company in the Hong Kong stock market this year.
Netease, an IT company that is focusing on games, will also be listed on the Hong Kong stock market next month. Netease's IPO is expected to be followed by JD.com's IPO. Netease's financing is estimated at about $1 billion to $2 billion. Listed organizer is Credit Suisse and JP Morgan Chase.
Reporter Park Hyo-sun firstname.lastname@example.org