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Chinese Podcaster Ximalaya Cancels Hong Kong IPO – FT

The Chinese company, often compared with Spotify, was looking to raise up to $100 million

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Podcaster Ximalaya has abandoned its initial public offering in Hong Kong due to a weak response from potential investors, the FT reported.
Ximalaya, often compared with Spotify, was looking to raise up to $100 million. File photo: Reuters.

 

Podcaster Ximalaya has abandoned its initial public offering in Hong Kong due to a weak response from potential investors, the Financial Times reported.

The Chinese company, often compared with Spotify, was looking to raise up to $100 million, the FT said, and had backing from Tencent, Xiaomi, Baidu and Sony Music Entertainment.

Read the full reportFinancial Times.

 

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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