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KEY STAT | Pinduoduo market cap hits USD 100 billion just before JD.com's Hong Kong IPO
Chinese e-commerce stocks surge amid the "618" shopping festival.
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Multiple investors rated Tencent as "buy" or "overweight" following a robust global gaming performance in May.
Tencent aims to build an online music empire in China and then beyond.
Tencent's Honor of Kings and PUBG Mobile continue to be the highest-grossing mobile games worldwide.
The mysterious share price increase comes ahead of the company's first-quarter earnings release.
After two years of delay, the medtech unicorn plans on an IPO in Hong Kong for the third quarter of 2020.
More US-listed Chinese companies are considering a secondary listing in Hong Kong, giving the financial hub a boost.
![TECH PANORAMA | Which will be the next Chinese company to file for 'homecoming' listing? [Update]](https://console.kr-asia.com/wp-content/uploads/2020/06/cover-homecoming-scaled-1175x500.jpg)
The Hong Kong stock exchange may expect more secondary listings as Chinese companies feel the chill from overseas capital markets.
The company has been the target of many American due diligence firms after posting huge growth in the first quarter of 2020.