Exclusive: JD.com, Yum China and others weigh Hong Kong listings

Alibaba fundraising paves way for $15bn fundraising by China tech titans

Encouraged by the bull-run of Alibaba's successful listing on the Hong Kong stock exchange last year, other major U.S.-listed Chinese companies are now looking to do the same. (Photo by Rie Ishii)

NARAYANAN SOMASUNDARAM, Nikkei Asian Review chief banking and financial correspondent

January 15, 2020 14:59 JST

HONG KONG -- At least four Chinese technology companies, including e-retailer JD.com and search engine Baidu, are considering a secondary listing in Hong Kong that could collectively raise as much as $15 billion, as U.S.-listed Chinese companies seek to follow Alibaba's successful listing and move closer to home, four people familiar with the discussions said.

The companies' plans are at an early stage and they are still holding talks with investment banks including Goldman Sachs, Credit Suisse, Bank of America and China International Capital Corp, to act as their arrangers for the potential fund-raisings, the people said.