|Bid||43.300 x 0|
|Ask||43.450 x 0|
|Day's Range||42.800 - 44.100|
|52 Week Range||39.900 - 102.700|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||72.64|
Every investor in China Literature Limited (HKG:772) should be aware of the most powerful shareholder groups. Insiders often own a large chunk of younger, smaller, companies while huge companies tend Read More...
In June 2018, China Literature Limited (HKG:772) released its earnings update. Generally, the consensus outlook from analysts appear fairly confident, as a 36.0% increase in profits is expected in the Read More...
China Literature Limited (HKG:772) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case ofRead More...
As the consumer appetite for digital entertainment in China continues its rapid growth, two companies are combining forces to step up their game in the space. Today, China Literature -- the Tencent e-publishing venture that went public with a $1 billion IPO last November -- announced that it would acquire Chinese digital production company New Classics Media for about $2.2 billion (RMB15.5 billion). This is a consolidation of sorts not just in digital media, but in Tencent's content interests: New Classics Media had been eyeing up an IPO of its own but instead picked up Tencent as an investor just in March of this year, when the Internet and messaging giant paid $524 million for a 27.64 percent stake in the company.
China Literature Ltd., the e-books business spun off by Tencent Holdings Ltd., plunged the most since its initial public offering after agreeing to buy New Classics Media from its controlling shareholder for as much as 15.5 billion yuan ($2.3 billion). Shanghai-based China Literature fell 17 percent, the most since its November offering. Analysts are skeptical of the New Classics acquisition in part because one Tencent affiliate is buying another one at a price that may benefit the parent company.
HONG KONG, Aug. 13, 2018 /PRNewswire/ -- China Literature Limited ("China Literature" or "the Company", stock code: 0772.HK), a leading online literature platform in China, today announced that it has entered into a definitive agreement with the senior management team of New Classics Media ("NCM") and Tencent Holdings Limited ("Tencent", stock code: 0700.HK) pursuant to which China Literature will acquire 100% of the share capital of NCM from certain members of NCM's senior management team and Tencent in a transaction valuing NCM at RMB15.5 billion.
HONG KONG , Aug. 13, 2018 /PRNewswire/ -- China Literature Limited ("China Literature" or the "Company", stock code: 0772.HK), a leading online literature platform in China , today ...
-Earnings Conference Call to be Held on Monday, August 13, 2018 at 8:00 pm (Hong Kong Time) / 8:00 am (Eastern Time) HONG KONG , July 31, 2018 /PRNewswire/ -- China Literature Limited ("China Literature" ...
Carlyle Group said on Thursday it had raised $6.55 billion for its Asia private equity fund, its biggest ever, which will seek buyout and strategic investment opportunities across a wide range of sectors in the region. The latest fund is more than Carlyle's initial target of $5 billion and 65 percent bigger than its previous Asia buyout fund, said the U.S.-based private equity firm with $201 billion of assets under management globally. Reuters reported last month, citing people with knowledge of the matter, that Carlyle had raised its Asia fundraising target following a strong response from its investors and that it was looking to close the fund at $6.5 billion.
Valuations of "new economy" initial public offerings in Hong Kong are ringing alarm bells in China, with the securities regulator urging institutions to be "responsible" and professional in the book-building process, the Securities Daily reported on Friday. The China Securities Regulatory Commission (CSRC) summoned more than 200 fund houses, brokerages and insurers to a meeting in Beijing on Thursday, an article posted on the paper's website said. Attendees were asked to conduct "independent, in-depth, and objective" research before submitting price quotations for shares sold in IPOs, it said.
High growth companies such as PC Partner Group and China Literature has a positive future outlook in terms of their returns, profitability and cash flows. The prospects of these companiesRead More...
Carlyle Group is set to close its biggest-ever Asia private equity fund at $6.5 billion, people with direct knowledge of matter said, in a deal that adds to the record levels of funds seeking deals in the region. The private equity giant had initially targeted a fund of $5 billion but raised its expectations following a strong response from its investors, known as limited partners, said the people.
HONG KONG , March 19, 2018 /PRNewswire/ -- China Literature Limited ("China Literature" or "the Company", stock code: 0772), a leading online literature platform in China , today announced ...
-Earnings Conference Call to be Held on Monday, March 19, 2018 at 8:00 pm (Hong Kong Time) / 8:00 am (Eastern Time) HONG KONG , March 2, 2018 /PRNewswire/ -- China Literature Limited ("China Literature" ...
Jan 4 (Reuters) - China Literature Ltd: * SHANGHAI YUEWEN ENTERED ADVERTISEMENT COOPERATION AGREEMENT WITH TENCENT COMPUTER & TENPAY, FOR TOTAL CONSIDERATION OF RMB20 MILLION * CO ENTERS JOINT FILMING ...
We Doctor Group, a Tencent Holdings-backed online healthcare services firm, said it is in talks with Hong Kong and Southeast Asian hospital chains and medical groups about tie-ups to cater to growing demand from mainland Chinese for international-standard services. The Hangzhou-based firm hopes to see some partnerships finalised in the next six to 12 months, Chief Strategy Officer Jeff Chen told Reuters in an interview. Joining hands with overseas hospitals and medical groups would help burnish its allure ahead of a planned IPO in Hong Kong in the second half of 2018.
China Literature Limited (SEHK:772) delivered a less impressive 0.63% ROE over the past year, compared to the 13.23% return generated by its industry. 772’s results could indicate a relatively inefficientRead More...
China's biggest social network and gaming firm Tencent Holdings, which last week reported forecast-beating quarterly results, is close to making Malaysia the first foreign country to roll out its WeChat ecosystem, an executive told Reuters. Tencent has made a "breakthrough" in gaining an e-payment license in Malaysia for local transactions, and plans a launch early next year, senior vice president S.Y. Lau said in an interview. The move pits Shenzhen-based Tencent, Asia's most valuable listed company, against rival Alibaba Group as they scramble for new growth opportunities outside China.
Chinese internet giant Tencent Holdings Ltd said it will invest more in its digital content businesses spanning publishing to film-making after its third quarter net profit surpassed expectations on Wednesday. Tencent, Asia's most valuable company with a market capitalisation of $472 billion, is looking to invest more in its digital content and better integrate its products across platforms in order to draw more time from more paying customers, President Martin Lau said on an earnings call late Wednesday. Analysts said it was a move towards helping Tencent better monetise its various content platforms that dominate Chinese mobile users' daily life through increased subscription and advertising revenue.