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Tencent Acquires Finnish Mobile Game Developer Supercell with US$8.6B

According to a source from PEdata on June 21, Tencent finally determined the acquisition of Finnish mobile game developer Supercell. At about 18:00, June 21, Tencent officially announced its decision of acquiring an 84.3% stake of the latter, with the payment in three phases and the total transaction amount of US$8.6B (or about RMB56.6B).

Huang Guangyu Gets Another Remission of 11 Months

On May 31, Beijing Second Intermediate People's Court published a written criminal ruling to shorten Huang Guangyu’s fixed-term imprisonment by 11 months to February 16, 2021. This indicates that Huang Guangyu who was former founder of Gome Electrical Appliances (00493, HK) and imprisoned in 200...

Video Industry May Accept 1%-10% Special Management Shares

The State Administration of Radio, Film and Television held an important briefing, and China’s large video websites, including iQIYI, Youku.com, Tudou.com, v.qq.com and other video companies, were invited to the briefing. On May 20, it was reported that the briefing aimed to include domestic vid...

Wang Jun Leads Collective Resignation of Financial and Legal Personnel

According to news on May 17, Shanghai Fosun High Technology (Group) Co., Ltd. announced to depose Wang Jun as chairman, Bao Zhoujia as president and Jack Liang as co-president, and appoint Pan Donghui as chairman and president in the Notice on Appointment and Removal of Relevant Staff of Fosun Ki...

Zero2IPO Insights

The Report on Public Private Partnership Mode of..

In recent years, PPP (Public-PrivatePartnership) has been applied to public services, opening a new channel forprivate capitals to participate in the infrastructure construction andpromoting the transformation of government functions. According to the StateCouncil, the PPP mode contributes to hig...

Zero2IPO Data

22 Chinese Enterprises Went Public in July; Dome..

According to PEdata under Zero2IPO Group, 22 Chinese enterprisescompleted IPOs in July 2016 (excl. Lifestyle China Group Limited listed on HKMB),up 29.4% MoM or 15.8% YoY. A total of US$2.93B was raised, a rise of 23.0% MoMand 15.8% YoY. The listed Chinese enterprises were scattered in 13 grade-1...