Tencent-backed Maoyan launches $344m IPO

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Tencent-backed Maoyan launches $344m IPO

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Surprised boy holding snacks while watching 3D movie in cinema theater | Tyler Olson - Fotolia

China-based Maoyan Entertainment, best known for its online movie ticketing platform, kicked off bookbuilding on Friday for a HK$2.7bn ($344.2m) IPO.

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