Chinese gaming company NetEase to launch $2.5bn Hong Kong stock sale

JD.com to follow with $3bn offering, breathing life into local exchange listings

A visitor at the 2019 NetEase Future Conference in Hangzhou, China, in November. NetEase is expected to invest proceeds from its Hong Kong share sale on expansion and other online services. © AP

NARAYANAN SOMASUNDARAM, Nikkei Asian Review chief banking and financial correspondent

May 28, 2020 21:15 JST

HONG KONG -- Chinese game developer NetEase is set to kick off the sale of up to $2.5 billion in new shares in Hong Kong on Monday, in what would be the biggest stock offer in the city so far this year.

But NetEase's offering is likely to be overtaken by that of Chinese online shopping service JD.com, which plans to seek up to $3 billion a week later.