China’s Tencent Music raises $1.1 billion in downsized US IPO

China’s Tencent Music raises $1.1 billion in downsized US IPO

Tencent Music, China’s largest streaming company, has raised $1.1 billion in a U.S. IPO after it priced its shares at $13 a piece ahead of a listing on the Nasdaq. That makes it one of the largest tech listings of the year, but the pricing is at the bottom end of its $13-$15 range indicating that the much-anticipated IPO has felt the effects of an uncertain market. Indeed, the company is said to have paused the listing process, which it started in early October, for a time so choppy are…

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‘Hotel Mumbai’ Trailer: Dev Patel and Armie Hammer Fight for Survival in Terrorist Thriller

‘Hotel Mumbai’ Trailer: Dev Patel and Armie Hammer Fight for Survival in Terrorist Thriller

One decade ago terrorists carried out a series of attacks in Mumbai, leaving 174 people dead and hundreds wounded. The tragedy is now depicted in a new narrative film, directed rather shockingly not by Paul Greengrass, but rather Anthony Maras. Starring Dev Patel, Armie Hammer, Nazanin Boniadi, Anupam Kher, Tilda Cobham-Hervey, Jason Isaacs, Suhail Nayyar, and Natasha Liu Bordizzo, Hotel Mumbai zeroes in on those in the Taj Mahal Palace Hotel. Following the TIFF premiere and ahead of a release next year, the first trailer has arrived. Bedatri D. Choudhury said in…

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Tallinn Review: ‘Winter’s Night’ is a Melancholic Portrait of Middle-Aged Solitude

Tallinn Review: ‘Winter’s Night’ is a Melancholic Portrait of Middle-Aged Solitude

A halo of unnatural, blue, and red neon-light envelops the snowy landscape around the Buddhist temple of Cheongpyeongsa. Wide awake in the dead of night–silent guests of a bed and breakfast a short walk away–is a Seoul couple in their fifties: Eun-ju (Seo Young-hwa) and Heung-ju (Yang Heung-ju). It’s a trip down memory lane; some thirty years prior, the wintry landscape was home to their first impromptu rendezvous, but the flirting that presumably peppered the first date is very much a relic from a bygone era–more than a couple enjoying…

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Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund

Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund

Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion led by the SoftBank megafund and Alibaba. SoftBank and Alibaba are existing investors in the business — the Chinese e-commerce giant led a $1.1 billion round last year, while SoftBank recently transitioned its shareholding in Tokopedia to the Vision Fund. That latter detail is what held up this deal which had been agreed in principle back in October, TechCrunch understands. Tokopedia didn’t comment on its valuation, but TechCrunch understands from a source…

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