Listing in Hong Kong is seen as an alternative for firms wanting to retain access to global investors while being more palatable to Beijing. Didi could file with the Hong Kong Stock Exchange around March, people with knowledge of the matter have told Bloomberg News. NioThe electric-vehicle maker could be set to follow peers XPeng Inc and Li Auto Inc, which launched second primary listings in Hong Kong this year. The Baidu Inc subsidiary was said to have picked banks for a Hong Kong second listing, according to a Bloomberg News report in October. Market cap US$3.9bil or RM16.4bil.

Source: The Star December 27, 2021 00:07 UTC