China Reading Ltd., the online literature unit of internet giant Tencent Holdings Ltd., has asked investment banks to pitch for a role arranging a Hong Kong initial public offering that could raise about $500 million, people with knowledge of the matter said. The company aims to sell shares as early as this year, said the people, who asked not to be identified because the information is private.
Category: Literature
China Box Office Roars Back to Life as New Year Holiday Kicks Off
As China’s biggest moviegoing week of the year got underway, Stephen Chow’s ‘Journey to the West: The Demons Strike Back’ earned a massive $83.4 million in two days. The Chinese New Year holiday brought the world’s no.