NetEase Could List in Hong Kong by June, Raise up to USD$2 Billion
Chinese online gaming giant NetEase is eyeing a listing in Hong Kong by as soon as next month according to local media reports.
The Hong Kong Economic Times reports that NetEase plans to launch its Hong Kong IPO by June, and plans to raise between 7.8 billion – 15.6 billion HK dollars (approx. USD$1 billion – 2 billion).
The scheduled listing will separated from JD.com’s Hong Kong IPO by just one to two weeks.
NetEase was founded in 1997 by Zhejiang tech entrepreneur Ding Lei (丁磊), focusing first on search engine technology as well as massively multiplayer online role-playing games (MMORPG).
The company listed on the Nasdaq exchange in 2000, and has since become one of the world’s biggest Internet and gaming concerns.