(Yicai Global) June 11 -- Hong Kong-floated shares in NetEase have jumped today, the first day of the Chinese tech giant’s secondary listing in the special administrative region.

Its Hong Kong stock price [HKG:9999] was up 8.13 percent at HKD133 (USD17.16) before the market opened, giving it a market cap of HKD456 billion (USD58.8 billion).

The firm’s Nasdaq-listed shares finished up 3.77 percent yesterday at USD424.98.

NetEase is one of several Chinese companies listed in the US that has sought to raise funds in Hong Kong as tension between a China and the US continues to escalate.

Editor: James Boynton