Tencent, Alibaba-backed studio in spotlight ahead of Hong Kong IPO as China’s video gaming boom continues

Source: China – South China Morning PostWhile the Covid-19 pandemic has slowed the world to a crawl, the success of a mobile game about a snail making its way through a post-apocalyptic planet has lifted its Chinese developer’s profile ahead of a potential public listing.Qingci Games, based in the southeast city of Xiamen in Fujian province, last week filed for an initial public offering in Hong Kong. The company counts Tencent Holdings, Alibaba Group Holding, Bilibili and a grandson of a former Chinese president among its star…Read More

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