Venture-Backed Online Sports Portal Hupu.com Seeks Domestic IPO

sports copy 3Shanghai-based online sports information community HuPu.com, backed by Greenwoods Asset Management Ltd., Morningside Ventures and other investors, is seeking a domestic initial public offering to raise RMB420 million (US$64 million). Shanghai-listed Chinese sporting goods firm Guirenniao Co., Ltd. holds a 16.1% stake in Hupu.com, and the two companies are engaged in strategic cooperation including plans […]


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