China's PE-backed Weimob applies for HK IPO
Weimob, a Shanghai-based provider of marketing and cloud services to online merchants that is backed by Tencent Holdings and several private equity firms, has filed for an IPO in Hong Kong.
Financial details of the offering, and whether existing investors will sell any shares, have not been disclosed. According to its prospectus, Weimob plans to use about 30% of the proceeds for improving...
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