Tencent-backed Maoyan Entertainment makes tepid Hong Kong debut

Tencent-backed Maoyan Entertainment makes tepid Hong Kong debut

A sign of movie ticketing company Maoyan Entertainment is seen at a news conference during the Shanghai International Film Festival in Shanghai, China June 19, 2018. Picture taken June 19, 2018. REUTERS/Stringer ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. CHINA OUT.

Tencent-backed Maoyan Entertainment, China’s biggest movie-ticketing platform by sales, fell 2.7 percent in its Hong Kong stock debut on Monday, the latest in a string of weak starts among Chinese tech firms listing in the financial hub.

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