日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Companies

China Literature shares sizzle on Hong Kong debut

By Luo Weiteng in Hong Kong | China Daily | Updated: 2017-11-09 08:00

China Literature Ltd, the mainland's largest online publisher and e-book provider, made a stellar market debut in Hong Kong on Wednesday.

Price spikes came fast and furious for the Tencent-owned company, which doubled to HK$110 ($14.1) from the initial public offering price of HK$55 when the market opened for trading. The company's shares closed the first day of trading with an 86 percent increase at HK$102.

The Hang Seng Index remained flat at 28,907.6 points on Wednesday, after rising to a fresh 10-year high on Tuesday.

Ahead of Wednesday's official market debut, the Tencent unit jumped more than 60 percent to finish gray market trading at HK$89 on Tuesday, after briefly peaking at HK$92 in the mid-session.

"It comes as no surprise that investors' enthusiasm remains really high, as promising tech companies have long been something of a scarce resource in Hong Kong stock market," said Jackson Wong Chi-yeung, Hong Kong-based associate director at Huarong International Securities. "But it may be too early to say the company is poised to replicate the Tencentstyle stock performance in Hong Kong market. Its potential still takes time to be tested."

Liang Xiaodong, one of the co-chief executive officer of China Literature, told a listing ceremony in Hong Kong on Wednesday that he was amazed by the robust investor appetite. He hoped more focus would be placed on the company's long-term development, rather than the results of the first day of trading.

The tech giant's publishing arm priced its stock market flotation at the top of the market-ed range, sending the amount it raised through the Hong Kong listing to more than $1 billion.

The firm has frozen roughly HK$520 billion for its listing subscription, the best performing IPO next only to China Railway Construction Corporation, which took a record amount of HK$534 billion in 2008.

Retail investors placed orders 625 times more than the number of shares on offer, putting the flotation on course to become Hong Kong's hottest offering in 10 years.

Known for its business akin to Amazon's Kindle Store, China Literature boasted 9.6 million literary works from 6.4 million writers as of June.

The Shanghai-based company managed to turn its business around over the first six months of the year, posting a net profit of 302.8 million yuan ($45.6 million) from a net loss of 44.8 million yuan a year earlier.

It derives its revenue mainly from charging readers to access literary works on the platform, which accounts for a staggering 85 percent of the total sales, which surged by 92.5 percent to 1.9 billion yuan for the first half of the year.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 天天操天天操天天操天天操 | 亚洲国产日韩欧美综合久久 | 午夜视频免费国产在线 | 亚洲最黄网站 | 免费看特黄特黄欧美大片 | 国产一区久久精品 | 可以免费看的黄色片 | 欧美亚洲专区 | 亚洲一区二区三区在线 | 91精品国产综合久久久久久 | 91久久青青草原免费 | 日韩 亚洲 欧美 中文 高清 | 天天操天天摸天天舔 | 久久影城 | 成年在线视频免费视频观看 | 亚洲国产欧美在线人网站 | 国产裸体bbb视频 | 我不卡在线观看 | 男人的天堂亚洲 | 色爱综合网 | 亚洲高清视频一区二区 | 久久中文精品 | 美国免费黄色片 | 黄色小视频在线看 | 一级黄色免费毛片 | 亚洲二区视频 | 国产视频网站在线观看 | 午夜精品久久久久久久99热浪潮 | 亚洲综合无码一区二区 | 成人免费视频在线观看 | 国产在线精品香蕉综合网一区 | 艹逼视频免费 | 亚洲第一视频网站 | 操白浆| 激情 亚洲 | 日韩 欧美 中文 | 在线观看国产 | 久久久久黄 | 成人在线视频网站 | 韩漫重考生漫画画免费读漫画下拉式土豪漫 | 久久精品国产免费看久久精品 |