Chinese companies pull out of U.S. market at fastest pace since 2015

The covid-19 pandemic has also made some U.S.-listed Chinese companies look relatively undervalued, according to Steven Tran, a Hong Kong-based partner at law firm Mayer Brown. Foto: AP/Richard Drew

Chinese companies are ditching their U.S. listings at the fastest pace since 2015 as they grapple with rising tensions between Beijing and Washington.

The latest is China's biggest online classified firm, which on Monday agreed to a buyout deal led by private equity firms Warburg Pincus and General Atlantic. An investor group backed by Chinese tech tycoon Pony Ma's Tencent Holdings said last week it will take Bitauto Holdings private in a deal valuing the car-listing website at $1.1 billion...

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