News Snapshot:
Tencent-backed Miaoshou said to weigh US$500m HK IPO By Bloomberg Thursday, May 13, 2021, 09:41 By Bloomberg This screenshot taken on May 13, 2021 shows the website of pharmaceutical e-commerce platform Miaoshou Doctor. Beijing Yuanxin Technology Co., which runs pharmaceutical e-commerce platform Miaoshou Doctor, is weighing a Hong Kong initial public offering that could raise at least US$500 million, according to people familiar with the matter. The company, which counts Tencent Holdings Ltd. and Qiming Venture Partners among its backers, is working with CLSA Ltd. and Goldman Sachs Group Inc. on the potential share sale, the people said. An offering...
