Tencent denies report of Singapore IPO for WeChat spinoff


SHANGHAI: Tencent Holdings Ltd, China’s leading Internet firm by revenue, denied a newspaper report that it plans to list its popular Weixin, or WeChat, mobile messaging app as a spinoff company in Singapore.

Citing an unnamed source, the China Daily earlier reported that Hong Kong-listed Tencent opened an office in Singapore to deal with a listing, which it originally planned to hold in Hong Kong.

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Business , ten cent , china , singapore

   

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