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Chinese video-streaming company Bilibili lost 1 per cent loss on the first day of trading in Hong Kong, after completing a $2.6 billion secondary offering in the city.
A slump in New York trading amid a major dumping spree and worsening US-China ties hurt sentiment.Chairman and chief executive officer Chen Rui, who controls 43.7 per cent of voting power, cited a US law to compel foreign companies to grant access to their financial audits as “black swan” event, which triggered a record slump in US-listed Chinese stocks last week shortly after . . .
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