Gaming company seeks fund infusion
By Luo Weiteng in Hong Kong | China Daily | Updated: 2018-11-28 07:18
Despite the Hong Kong stock market showing signs of strain, a Chinese mainland game distributor has bucked the trend, rekindling local equity investors' enthusiasm for a promising newcomer.
Tencent-backed iDreamSky Technology Holdings has put the finishing touches to a planned initial public offering in Hong Kong to bankroll its vision of being a newly-minted tech superstar and the flagbearer of China's burgeoning entertainment industry.
Known for its distribution of a broad range of blockbuster overseas titles including Angry Birds, Fruit Ninja, Subway Surfers and Temple Run, the company is making its IPO launch as it enters the mobile games sector.
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