In the News: Chinese Tech Companies Cancel Hong Kong Listing Plans; Swiss Bourse Preferred over U.S. Exchanges; and CNIPA Report on IP

January 05, 2023 | BY

Hugo Yeung &Brian Chan

Pinduoduo and Full Truck Alliance continue to list in the U.S.; Chinese companies raised far more money in Europe than U.S. in 2022; and official reports show promising improvements to China's IP systems

Promulgated: 2022-12-28

Hong Kong Stock Exchange

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Worries of Delisting Go Away as U.S. Regulators Gain Access to Chinese Audits

According to a Reuters report, Chinese tech companies listed in the U.S. have put listing plans in Hong Kong on hold. These companies include Pinduoduo Inc., an e-commerce company, and Full Truck Alliance, a freight company. Pinduoduo, listed on NASDAQ with a market capitalization of $100 billion, has put discussions about a possible Hong Kong listing on hold. Full Truck Alliance, valued at $9 billion and listed on the New York Stock Exchange, decided earlier last month to scrap a long-term plan to list shares in Hong Kong as soon as January.

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