News Snapshot:
The upcoming Hong Kong listings of three Chinese tech firms are being viewed as a test case for new mainland regulations that require certain initial public offering applicants to pass a cybersecurity review before going public in the city, with the outcome providing some clarity for Chinese companies mulling a flotation on one of Asia’s largest stock exchanges. Microblogging platform Weibo, often dubbed China’s Twitter, is hoping to raise up to US$547.3 million in a secondary listing in Hong Kong expected on December 8, while NetEase’s music streaming service Cloud Village is aiming to raise US$421 million when its shares...
