Virtual goods platform Fulu launches HK$890m listing

By Jonathan Breen
07 Sep 2020

China’s Fulu Holdings hit the market on Monday, opening books for an IPO that could raise up to HK$890m ($114.8m).

The company operates a third-party virtual goods and services platform in China. It is tapping equity investors for capital to increase the variety of the products on its platform; Fulu makes money by facilitating the sale of virtual goods and services, including prepaid cards for online games, membership ...

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