China’s No. 2 online retailer JD.com Inc has filed for a second Hong Kong listing, hot on the heels of NetEase Inc.’s $2.7 billion share sale in the city, as the U.S.-listed firms seek a foothold closer to home amid rising U.S.-China tensions.
NetEase Inc. is poised to raise HK$21 billion ($2.7 billion) in its Hong Kong stock offering as it’s telling prospective investors that it will likely price the shares at around HK$123 apiece, according to people with knowledge of the matter.
Philippine bonds are hitting a sweet spot.
Welcome to Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get you through to the weekend:
U.K. consumer confidence dropped toward the end of the May, even as the country began to loosen coronavirus restrictions and open up some parts of the economy.
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