Hong Kong IPOs offer top Chinese tech firms a path back home

Hong Kong’s biggest IPO so far this year will wrap up on Thursday when shares of e-commerce giantJD.com Inc. make their trading debut. The $3.9 billion listing will be the third in the city by a major Chinese internet company that is already listed in New York. JD.com rival Alibaba led the group with its groundbreaking $12.9 billion Hong Kong listing last November, followed by NetEase’s $2.7 billion Hong Kong trading debut last week.