Hong Kong’s skyline at sunrise. While the city’s rich are preparing for a worst-case scenario amid China’s controversial national security law, major mainland tech billionaires are coming in. Photo: Getty Images/iStockphoto
Hong Kong’s skyline at sunrise. While the city’s rich are preparing for a worst-case scenario amid China’s controversial national security law, major mainland tech billionaires are coming in. Photo: Getty Images/iStockphoto
Tech /  Big Tech

China’s tech tycoons flood Hong Kong with US$20 billion of stock listings

  • Chinese tech tycoons with companies trading in Hong Kong now have a combined net worth of US$182 billion, more than the city’s 10 richest people
  • Alibaba, NetEase and JD.com have raised US$20 billion from share sales in Hong Kong

Bloomberg
Bloomberg

Updated: 8:49am, 2 Jul, 2020

Why you can trust SCMP
Hong Kong’s skyline at sunrise. While the city’s rich are preparing for a worst-case scenario amid China’s controversial national security law, major mainland tech billionaires are coming in. Photo: Getty Images/iStockphoto
Hong Kong’s skyline at sunrise. While the city’s rich are preparing for a worst-case scenario amid China’s controversial national security law, major mainland tech billionaires are coming in. Photo: Getty Images/iStockphoto
READ FULL ARTICLE