tencents plans to list its answer to kindle store in hong kong
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Tencent's plans to list its answer to Kindle Store in Hong Kong

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleTencent's plans to list its answer to Kindle Store in Hong Kong

The listing of Tencent's China Literature on the Hong Kong bourse will come as a boost to the city,
Hong Kong - Muslimchronicle

Chinese internet giant Tencent is to list China Literature, the country's biggest online publishing business, in Hong Kong with a report saying it could raise as much as half-a-billion dollars.

In documents filed in the financial hub on Tuesday, Tencent will hold at least 50 percent of the firm -- similar to Amazon's Kindle Store -- and remain its parent after the spin-off. It currently holds a 62 percent stake.

Bloomberg News said the firm plans to list this year and cited unnamed people close to the deal as saying it could raise US$500 million.

The move will come as a boost to the city's technology sector, which has struggled to attract new listings and start-ups, despite being the world's top initial public offering market last year.

The company has hired Morgan Stanley, Merrill Lynch and Credit Suisse as joint sponsors of the IPO.

The deal comes after the mainland's popular selfie app developer Meitu's $629 million IPO in December -- the biggest IPO by a technology company in Hong Kong for almost a decade.

China Literature sells e-books and operates a publishing platform in the world's biggest internet market with more than five million writers and almost 10 million works, according to its website.

Formerly known as China Reading, the Shanghai-based company was created through a merger between Tencent's online literature arm and Shanda Cloudary.

Source: AFP

 
themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

tencents plans to list its answer to kindle store in hong kong tencents plans to list its answer to kindle store in hong kong

 



Themuslimchronicle, themuslimchronicle

GMT 08:26 2018 Tuesday ,23 January

Five things to know about Davos

GMT 21:30 2017 Wednesday ,01 November

New York Times’ third-quarter revenue up 6.1%

GMT 11:09 2017 Friday ,24 November

Berlin police seeking more missing John Lennon items

GMT 06:34 2017 Saturday ,09 December

Rockets down Jazz for eighth straight NBA win

GMT 23:25 2017 Thursday ,16 February

Pakistan adds 16 new fighter jets to its fleet

GMT 10:50 2018 Tuesday ,23 January

Saudi university to open driving school for women

GMT 03:31 2017 Saturday ,07 January

Sharjah launches award for refugee support

GMT 21:54 2016 Wednesday ,01 June

December 21 - January 18

GMT 16:05 2017 Monday ,24 April

Sharapova's return divides rivals

GMT 13:50 2012 Sunday ,22 January

Egyptians can now remove any regime

GMT 07:26 2017 Sunday ,23 July

70 villagers kidnapped in Afghanistan
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle