Tencent arm China Literature soars 90% in Hong Kong debut

Tencent arm China Literature soars 90% in Hong Kong debut

A welcome screen for the QQ Reading application, operated by China Literature Ltd., a unit of Tencent Holdings Ltd., is displayed on an Apple Inc. iPad Mini in an arranged photograph taken in Hong Kong, China, on Wednesday, Oct. 25, 2017. Photographer: Anthony Kwan/Bloomberg

China Literature Ltd. surged 86 percent in its Hong Kong debut after Tencent’s online books unit raised HK$8.3 billion ($1.1 billion) in the largest tech coming-out party for the city since 2007.

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