This story initially revealed on October 2, 2018.
That quantity would mark the third largest Chinese language IPO to record in the US because the starting of 2018, in response to information supplier Dealogic. The Netflix-like video platform iQIYI raised $2.three billion and social purchasing app Pinduoduo raised $1.6 billion.
The leisure subsidiary of Tencent reported a revenue of $263 million for the primary six months of 2018, with income of $1.three billion.
“We’re pioneering the way in which individuals get pleasure from on-line music and music-centric social leisure providers,” it stated in a submitting, including that it predicts the variety of…