Patrick Frater Asia Bureau ChiefBaidu, China’s search engine, entertainment and AI giant, Friday published detailed plans for its secondary share listing in Hong Kong which will bring in some $3.6 billion of fresh capital.The same day, finance industry sources are reporting that Chinese video entertainment group Bilibili has been given the green light by regulators for its planned share sale.
The Bloomberg news agency says Bilibili will seek $3 billion.Both Baidu and Bilibili have their primary listings on the NASDAQ exchange in North America.
But with the China-U.S. trade war showing few signs of abating, despite the change of American government, many Chinese conglomerates fear being delisted and are seeking access to capital markets.
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