So far, a recorded 26 A-share listed companies in China have become involved in digital collections, the country's version of NFTs. Among these firms, only three have announced the revenue related to this innovative business.
This recent drop in the stock price might be attributable to the situation of Soho China and the couple Pan Shiyi and Zhang Xin, the controllers of the company.
NetEase carried out its secondary listing in Hong Kong on Thursday with shares popping as much as 8 percent on the first day of trading.
JD.com has allegedly submitted its listing documents in secret and plans to conduct a secondary listing in Hong Kong.