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China Literature adds $1.1bn to Tencent's IPO returns

E-publisher and other investment targets raise $10bn amid global tech boom

China Literature co-CEOs Liang Xiaodong, left, and Wu Wenhui pose during a news conference on the company's IPO in Hong Kong on Oct. 25. The Tencent unit, which runs a popular online reading platform, will start trading on Nov. 8.   © Reuters

HONG KONG -- Shenzhen-based technology company Tencent Holdings is poised to see seven companies in which it has invested raise $10.1 billion in initial public offerings this year, including its $1.1 billion spin-off of e-publisher China Literature.

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