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Tencent's red-hot e-book IPO sets stage for music arm debut
Published Wed, Nov 1, 2017 · 09:50 PM
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Hong Kong
CHINA Literature Ltd, the online reading unit helping Tencent Holdings Ltd build an entertainment empire, raised US$1.1 billion alongside existing investors in its Hong Kong initial public offering (IPO), according to people with knowledge of the matter.
The first-time share sale priced at the very top of a marketed range, the people said,…
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