Dec 28 (Reuters) – Main U.S.-listed Chinese language corporations, together with Pinduoduo Inc (PDD.O) and Full Truck Alliance Co (YMM.N), have put discussions a couple of potential Hong Kong itemizing on maintain, The Data reported on Wednesday, citing folks conversant in the matter.
The report comes after a U.S. accounting watchdog stated it had full entry to examine and examine companies in China for the primary time ever, eradicating the chance that round 200 Chinese language corporations may very well be kicked off U.S. inventory exchanges amid rocky relations between the world’s largest economies.
Whereas the Chinese language ecommerce agency has paused discussions of a possible Hong Kong itemizing, freight firm Full Truck Alliance has scrapped its very long time plan, in accordance with the report.
Firms reminiscent of Alibaba Group Holding (9988.HK), and JD.com (9618.HK), have moved to additionally record in Hong Kong over the previous few years to hedge the chance of potential delisting in the USA because of political disputes with China.
Pinduoduo and Full Truck Alliance didn’t instantly reply to a Reuters request for remark.
Reporting by Akash Sriram in Bengaluru; Enhancing by Anil D’Silva
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