China's Baidu posts tame HK debut as investors wary of fundraising spree in city


REUTERS/Aly Song/File Photo

HONG KONG: Baidu made a tepid debut in its Hong Kong secondary stock listing on Tuesday, bucking a trend of first-day pops on the bourse, as investors were wary of a fundraising flurry in the city and questioned the search company's growth plans.

The sombre investor mood towards Chinese technology offerings was reinforced with video site Bilibili raising a less-than-expected $2.6 billion in its secondary listing.

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