Posted inChina, Hong Kong, World

China Literature soars on debut, Tencent doubles in year

A book holds a house of gold. That is a line of classic wisdom from China, and for some, it proved true yesterday. Investors who bet big on China Literature, the nation’s largest online and e-book publisher, beat market expectations when the firm’s shares doubled in value on debut. The company, a spin-off of Tencent Holdings, was […]

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