Greg Knowles takes a look at the recent trend of Chinese companies using Cayman Islands businesses for their IPOs
International capital markets are currently experiencing something of a boom in initial public offerings (IPO) of Chinese businesses, with many top Chinese internet companies in particular seeking to list overseas, especially in the US. Among the largest and most striking examples of the recent crop is Weibo, a leading social media platform (or micro-blogging site) that enables its 120 million-plus monthly active users to create, distribute and discover Chinese-language content. Another is JD.com, which is the largest online direct sales company in China in terms of transaction volume, according to market research.
