|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||0.000 - 0.000|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||85.86|
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.
Shares in Razer Inc, backed by Intel Corp and Hong Kong billionaire Li Ka-shing, surged 18 percent in their Hong Kong stock market debut on Monday, amid growing retail demand for new technology stocks in the Asian financial hub. Razer said last week it raised about HK$3.9 billion ($500 million), excluding underwriting and other expenses, after pricing the IPO of 1.063 billion primary shares near top of the HK$2.93-HK$4.00 range.
HONG KONG, Nov 13 (Reuters) - Shares in Razer Inc, backed by Intel Corp and Hong Kong billionaire Li Ka-shing, were set to open 32 percent higher in their Hong Kong market debut on Monday, amid growing ...
Razer Inc, backed by Intel Corp and Hong Kong billionaire Li Ka-shing, on Friday set its initial public offering price at HK$3.88 per share, confirming a report by a Reuters's publication that the gaming hardware maker had priced its shares near the top of a range. Razer is set to raise HK$4.12 billion ($528 million) after pricing the Hong Kong IPO of 1.063 billion primary shares near top of the HK$2.93-HK$4.00 range, IFR reported on Tuesday. The retail portion of the IPO gathered demand that was 291.24 times the number of 106.36 million shares on offer, the company said.
China-based Sogou Inc's shares rose more than 10 percent in their U.S. market debut, as investors expect a massive base of Chinese smartphone users to help the Tencent-backed search engine company narrow the gap with market leader Baidu. Shares of Sogou rose as much as 13.1 percent on the New York Stock Exchange on Thursday morning, valuing the Beijing-based firm at $5.76 billion. Sogou's initial public offering was priced at $13 per American depository share, at the high end of the expected $11 to $13 range, and raised $585 million.
Nov 9 (Reuters) - Tencent Holdings Ltd: * Updates on China Literature spin-off; says over-allotment option fully-exercised for 22.7 million China Literature shares Source text for Eikon: Further company ...
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 urban smog, with startups flooding the market after it opened up the sector to investment from technology firms and other backers outside the industry.
Tencent's e-book unit China Literature Ltd saw its shares surge more than 80 percent in their debut on Wednesday, as Hong Kong investors embrace a rush of tech listings, marking the biggest first-day gain for a large IPO globally this year. The company's stunning debut has shown that Hong Kong has raised its game as it strives to compete with the New York and Nasdaq exchanges - the more traditional home for Chinese tech IPOs seeking to attract international investors. Before China Literature, the biggest first-day pops of the year belonged to Snap Inc (SNAP.N), the U.S. social media platform, and Shanghai-listed Caitong Securities .
Nov 8 (Reuters) - Tencent Holdings Ltd * Following completion of global offering, listing of China Literature on main board of stock exchange took place on 8 November Source text for Eikon: Further company ...
Nov 7 (Reuters) - Tencent Holdings Ltd: * Announces proposed spin-off and separate listing Of China Literature Limited on main board of Stock Exchange Of Hong Kong Ltd * Final offer price for china literature ...