NetEase has secretly applied for a listing in Hong Kong, Bloomberg reported citing sources close to the matter.
Sources revealed that NetEase has had initial communication with the consultant. A source familiar with the matter said the stock offering could take place as early as the second half of the year.
A representative of NetEase declined to comment, with the source saying that no final decision had been made on details such as the size and timeline of the offering.
The Hangzhou-based online game and entertainment company is currently listed on NASDAQ with a market capitalization of about $43 billion.
After Alibaba Group raised $13 billion through a secondary listing in Hong Kong in 2019, Chinese tech companies including Ctrip and NetEase have discussed a secondary listing with the Hong Kong Stock Exchange.
