Tencent-Backed Maoyan Entertainment Raises $250M In Downsized HK IPO

Maoyan Entertainment, China’s largest movie ticketing app backed the country’s tech giant Tencent, has raised about US$250 million in a downsized stock debut on Monday, shrinking from its initial target of US$345 million amid weak starts among Chinese tech firms floating shares in Hong Kong. Maoyan Entertainment saw its 132.4 million shares opened near-flat at […]

Tencent-Backed Maoyan Entertainment Raises $250M In Downsized HK IPO appeared first on China Money Network.

Read the original article: China Money Network