11-08-2017, 03:07 AM | #1 |
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Chinese webnovel site IPO at $11.6 billion USD
https://www.bloomberg.com/quote/772:HK
MARKET CAP (B HKD) 91.186 with the current exchange rate, that's $11.6 billion USD. CRAZY!!! https://www.cnbc.com/2017/11/08/tenc...-in-debut.html http://www.dw.com/en/china-literatur...ipo/a-41288841 http://technode.com/2017/11/08/china...e-stock-spike/ I wrote about its $10 million investment to expand translation into English (www.webnovel) in the other thread. Just found out that they IPO today. Last edited by Xianxia; 11-08-2017 at 03:11 AM. |
11-08-2017, 03:57 AM | #2 | |
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http://www.cetusnews.com/business/Sh...rk9i4xlkf.html
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11-09-2017, 01:05 PM | #3 | ||
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11-18-2017, 08:01 AM | #4 |
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From its youtube video about the IPO
2017 first 6 months: $290 million in revenue 2017 first 6 months: $32 million in net profit So we could be looking at a webnovel company that generate $600 million USD + in revenue this year. |
11-20-2017, 01:26 AM | #5 |
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Considering that China has 1.3 billion population and each year larger part of it is joining the middle income group. A $11 billion is understandable. I have feeling that the only companies in the future that would be really competing with Amazon in online retail business will be Chinese companies like Alibaba etc
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