Continuing this year's trend of Chinese companies going public, Maoyan-Weying, the online movie ticketing and entertainment website backed by internet giant Tencent (NASDAQOTH: TCEHY), recently filed to go public on the Hong Kong Stock exchange under the English name Entertainment Plus. Earlier this year, Bloomberg had reported that the company might look to raise around $1 billion.Maoyan is not only interesting in and of itself, but also for what it stands for in the battle between Tencent and leading Chinese e-commerce giant Alibaba to gain control of China's rising consumer class.
Comment on Maoyan-Weying Files for IPO: What Investors Need to Know
newsfeedback@fool.com (Billy Duberstein), The Motley Fool
Sun, 09/16/2018 - 4:31pm
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