Tencent 'eyes Singapore' for WeChat spinoff
By Li Tao in Hong Kong | China Daily | Updated: 2013-08-13 07:24
Tencent Holdings Ltd, China's biggest Internet company, is planning a spinoff of its popular messaging and social media app through a separate listing on the Singapore stock exchange.
Tencent has set up an office in Singapore to deal with WeChat's listing, a person close to the matter told China Daily.
The source didn't disclose the name of the new entity.
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