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2:24am, 23rd April, 2019

Tencent-backed live-streaming firm DouYu files for $500 million U.S. IPO

China's largest live-streaming platform DouYu International Holdings Limited, backed by social media and gaming giant Tencent Holdings Ltd, has filed for a U.S. initial public offering (IPO) of up to $500 million.

Tencent-backed Meituan climbs 5 percent on debut, brightens outlook for HK IPOs

7:57am, 20th September, 2018

News

Tencent-backed Meituan climbs 5 percent on debut, brightens outlook for HK IPOs

Meituan Dianping rose 5 percent on debut in Hong Kong on Thursday, valuing the Chinese online food delivery-to-ticketing services firm at about $55 billion and sending a positive signal to companies lining up to list in the financial hub.

Exclusive: Alibaba merging China food delivery units to counter Tencent-backed Meituan - sources

12:30am, 7th August, 2018

News

Exclusive: Alibaba merging China food delivery units to counter Tencent-backed Meituan - sources

Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China's booming on-demand services market, four people told Reuters.

Search by tag: #tencentbacked

Tencent-backed live-streaming firm DouYu files for $500 million U.S. IPO

Tencent-backed Meituan climbs 5 percent on debut, brightens outlook for HK IPOs

Exclusive: Alibaba merging China food delivery units to counter Tencent-backed Meituan - sources

Facebook takes down Trump ads over 'organized hate' policy

Exclusive: Massive spying on users of Google's Chrome shows new security weakness

Amazon, Valentino file joint lawsuit over shoes counterfeiting

Kenya video-conference platform elbows its way into crowded field

Alibaba's Ant Group appoints new chief technology officer