Tencent Music, Vipshop, Joyy plan HK offerings as threat of US delisting looms large

Tencent Music, Vipshop, Joyy plan HK offerings as threat of US delisting looms large

Photo: Reuters

Three Chinese technology companies — Tencent Music Entertainment Group, online retailer Vipshop Holdings, and livestreaming platform Joyy — are seeking secondary listings in Hong Kong, joining a parade of US-listed mainland companies establishing fallback positions amid moves by Washington to push them out.