• Maoyan, China's largest online movie ticket service, files to go public in Hong Kong

    17 days ago - By Tech Crunch

    Tencent-backed Maoyan Weiying , China's largest online movie ticketing service, has filed for a public offering on the Hong Kong stock exchange. The company, which submitted a prospectus under the name Entertainment Plus, didn't say when the IPO will be or valuation details, but reports earlier this year said Maoyan aims to raise up to $1 billion.
    The timing of Maoyan's IPO is noteworthy because it comes as another Tencent investment, Meituan-Dianping, is preparing for its own debut (Meituan is also one of Maoyan's investors). Both Meituan and Maoyan are key chess pieces in Tencent's...
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