Posts filtered by tags: China Literature Ltd[x]


Tencent's China Literature Sinks Amid Nation's Content Crackdown

China Literature Ltd., of which Tencent holds a controlling stake, tumbled as much as 10% to a new low at the mid-day break in Hong Kong on Monday, after another of its online sites was targeted for alleged violations. Beijing Jinjiang Networking Technology Co. was put under investigation by local authorities on Thursday for allegedly disseminating obscene information, the China News Service reported last week. The Shanghai city government had ordered China Literature to clean up another websi...
Tags: Hong Kong, Science, China, Shanghai, Tencent, China News Service, China Literature, China Literature Ltd, Beijing Jinjiang Networking Technology Co

China electric car startup Nio raises over $1 billion from Tencent, others, say sources: Reuters

Chinese electric vehicle startup Nio has raised more than $1 billion in its latest fundraising round, led by existing investor Tencent Holdings Ltd, valuing the firm at about $5 billion, two people with knowledge of the matter said. New investors in the round include U.S. hedge fund Lone Pine Capital, Chinese investment firm CITIC Capital and Scottish fund manager Baillie Gifford, said one of the people. The fundraising comes as Beijing has been promoting electric vehicles in its battle with urb...
Tags: China, Trends, Beijing, Shanghai, Tencent, Citic Capital, Baillie Gifford, Reuters, Li, Tencent Holdings Ltd, NIO, VC Deals, U S electric, Snap Inc, Hillhouse Capital Group, Tencent Asia

Tencent's China Literature in stellar debut as HK investors pile into tech

HONG KONG (Reuters) - Tencent's e-book unit China Literature Ltd saw its shares double in their debut on Wednesday as Hong Kong investors embrace a rush of tech listings, with the stock on track to mark the biggest first-day pop for a large IPO globally this year.
Tags: Hong Kong, Money, China, businessNews, Tencent, Reuters Tencent, China Literature Ltd