Thursday, December 2, 2021

Sources: Weibo and its shareholder Sina plan to price its Hong Kong second listing at HK$272.80 (~$35), seeking to raise around HK$3B ($385M) (Pei Li/Bloomberg)

Pei Li / Bloomberg:
Sources: Weibo and its shareholder Sina plan to price its Hong Kong second listing at HK$272.80 (~$35), seeking to raise around HK$3B ($385M)  —  - U.S.-listed Chinese firm, holder selling 11 million shares  — Offering comes as China cracks down on VIE structures



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...