Facing Uncertainty in U.S., Chinese Q&A Platform Zhihu Turns to Hong Kong

Online Q&A platform Zhihu said it raised HK$834 million ($106 million) in a second primary listing in Hong Kong, about 38% below its planned fundraising cap, as it faces the possibility of having to abandon its U.S. listing.

Zhihu Inc., which operates a Quora-like website, became the latest U.S.-traded Chinese company to seek a second listing closer to home due to an ongoing audit dispute between U.S. and Chinese authorities.