(MENAFN) As Chinese tech companies face tremendous stress domestically and overseas, Chinese social media behemoth Weibo had produced its Hong Kong share market breakthrough. Weibo's stock dropped over 7 percent during the first day of exchange.
Alibaba and JD.com, another two main Chinese tech firms, are both listed in the United States and Hong Kong. It happens shortly once Didi, the Chinese ride-hailing big cooperation, announced that it will relocate its ranking from America to Hong Kong.
The supplementary proportion ranking in Hong Kong brought up USD385 million. During the last 6 months, the firm's stock on the New York Stock Exchange has dropped roughly to the third of its total worth.
MENAFN09122021000045013608ID1103332593
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.