App developer Meitu set to unveil Hong Kong IPO
Photo app developer Meitu Inc is expected to be listed on the Hong Kong stock market this week. Meitu is seeking to net about HK$ 5 billion ($644 million) from an offer of 574 million shares at a price ranging between HK$ 8.50 and HK$ 9.60 per share. Although lower than the $710 million expected earlier, the listing would be the biggest Hong Kong first-time share sale by a technology company since alibaba.com’s $1.7 billion offering in 2007.
The 2016 Cultural Tourism Industry Dialogue will kick off on Thursday in Beijing as part of the annual China Beijing International Cultural and Creative Industry Expo. Eighteen experts have been invited to the event to share their opinions about the development of cultural tourism. Keynote speakers include Dai Bin, head of the China Tourism Academy and Chen Ming jie, member of the standing committee of the Haidian district committee of the Party in Beijing.