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China tech

Chinese gaming company NetEase to launch $2.5bn Hong Kong stock sale to follow with $3bn offering, breathing life into local exchange listings

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, which plans to seek up to $3 billion a week later.

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