Following the US Nasdaq market, the operator of China's SNS giant Weibo has listed its shares on the Hong Kong Stock Exchange.
There are a series of moves to raise funds in Hong Kong and Shanghai among Chinese companies, and it seems that the US-China conflict continues in the background.
The operator of Weibo, a Chinese version of Twitter with 500 million users, went public on the Hong Kong Stock Exchange on the 8th, following the US Nasdaq market, which has been listed since 2014.
With this listing, it is said that it will raise more than 20 billion yen in Japanese yen and use it for research and development and expansion of the number of users.
Among Chinese companies, Internet search giant Baidu was listed in Hong Kong in March, following the Nasdaq market, and China Telecom, a major telecommunications company that was delisted in the New York market, was launched in August. Listed in Shanghai.
Also this month, Didi, the largest ride-hailing service, announced that it will delist its shares in the New York market, which it had just done in June, in an unusually short period of time and will list in Hong Kong.
There is widespread view among market participants that they will continue to raise funds in Hong Kong and Shanghai, and it seems that the US-China conflict continues in the background.