Tencent IPO Bid to Seek $200 Million

Tencent Technology, which operates China mainland’s most popular Internet instant messaging service, has applied for a HK$1.56 billion (US $200 million) IPO in Hong Kong…

Tencent’s “QQ” instant messaging service, which allows users to write to each other on computers, mobile phones and pagers, is the mainland’s most popular with 226 million registered users, of which 71 million are active accounts.

In December, the Financial Times reported that Tencent, half-owned by the South African media group Naspers, was planning to list on the Nasdaq, raising between US$100 million and US$200 million (HK$780 million and HK$1.56 billion).

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