In part, the listings are insurance against being kicked off US exchanges, a process which has already started for three Chinese telecommunications companies.
Shares of the internet search giant Baidu only edged slightly higher when they listed in Hong Kong last week, while ecommerce giant JD.com also had a lacklustre secondary launch last year. According to the prospectus, the video platform had 202 million monthly average users in the last quarter of 2020, an increase of 55% over the same quarter in 2019.
BBCWorld Despite a 2pg advert spread in Time Magazine
BBCWorld it looks really like Niconico douga in japan
There are enough Chinese to get the share price up by supporting it... probably a good investment?
Holika Dahan is celebrated when and why