China’s Top Streaming Platform Bilibili raised around $2.6 billion in its Hong Kong secondary listing

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Bilibili
Bilibili

China’s Top Streaming Platform Bilibili closes lower on the first day of trade in Hong Kong as Chinese tech stocks face pressure from the American Government’s cold war against china’s rise.

According to news reports the secondary listing is a hedge against any potential delisting in the U.S.

America’s war on all things China is now targeting Companies listed on the stock exchange. The U.S. Securities and Exchange Commission adopted a law which if implemented would increase the auditing requirements for Chinese-owned companies.

According to news reports Bilibili has over 200 million mostly Chinese millennial or Gen Z monthly users.

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