CooTek

Chinese AI-enabled mobile internet firm CooTek scales back US IPO target to $57m

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CooTek’s major shareholders include Qiming Funds (18.2 per cent), Sequoia (17.9 per cent), and SIG China (14.2 per cent).

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A deal could value the business at about $1 billion.


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Tencent investment executive quits as China’s gaming industry slows down

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