Caixin
Jan 23, 2019 06:16 PM
YOUR BRIEFING

Wednesday Tech Briefing: Maoyan Delays Hong Kong IPO

1. Maoyan Delays Listing, Adds Xiaomi Backing

Maoyan Entertainment, China’s biggest online movie ticketing platform, put off the date of its Hong Kong listing to Feb. 4 and introduced new cornerstone investors including smartphone giant Xiaomi Corp.

Maoyan, backed by Tencent Holdings Ltd., originally planned to debut in Hong Kong on Jan. 31. The company is seeking to raise as much as HK$2.7 billion ($345 million).

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