Chinese video platform Bilibili announced on Thursday that its Hong Kong listing will be officially converted from a secondary listing into a dual-primary listing on October 3. After the conversion, the company will remain a dual-listed company on Nasdaq and the Hong Kong stock exchange. The conversion, which Bilibili first revealed they would pursue in March, could help diversify funding channels for the firm via the Hong Kong exchange’s connections with mainland Chinese investors. Having first gone public on the Nasdaq in 2018, Bilibili launched a secondary listing in Hong Kong in 2021, an increasingly popular move for US-listed Chinese tech firms due to deteriorating international relations and regulatory uncertainty. [Bilibili, press release]
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