Chinese cloud service provider seeks dual listing in Hong Kong after New York stock price halves overnight

Source: Tech – South China Morning PostA New York-listed Chinese cloud computing company said it is seeking a secondary listing in Hong Kong after its stock price lost 48 per cent on Monday, amid a wider rout for the country’s tech sector as regulatory pressure mounts in the US.In a statement published on its website on Tuesday, Kingsoft Cloud Holdings said a dual listing in Hong Kong would “provide shareholders with greater liquidity and protection amid an evolving market and regulatory environment”. It added that its plan is …Read More

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