Tencent Holdings Ltd. proposed to buy out other investors in its search-engine affiliate Sogou Inc. for about $2.1 billion, in what could become the latest instance of a Chinese technology company abandoning the U.S. stock market. The proposal adds to a flurry of deal-making in recent months involving New York-listed Chinese internet firms. Buyout offers have emerged for several smaller groups, while three larger companies, including Alibaba Group Holding Ltd., have secured secondary listings in Hong Kong.

Source: Wall Street Journal July 28, 2020 11:37 UTC