Chinese models at the launch of the NetEase online gaming package aimed at young women on 12 January 2004. Photo: Mark Ralston
Chinese models at the launch of the NetEase online gaming package aimed at young women on 12 January 2004. Photo: Mark Ralston
Stocks

NetEase gets a lot of love from investors, as shares are oversold by 360 times in Hong Kong secondary listing

  • The retail tranche of NetEase’s secondary offering was 360.5 times oversubscribed, compared with the ratio of 40 times for Alibaba Group Holding’s US$13 billion IPO last year
  • NetEase said it would increase its allocation to retail investors to 20.58 million shares from 5.15 million previously, due to overwhelming demand

Chinese models at the launch of the NetEase online gaming package aimed at young women on 12 January 2004. Photo: Mark Ralston
Chinese models at the launch of the NetEase online gaming package aimed at young women on 12 January 2004. Photo: Mark Ralston
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