TOKYO -- Chinese IPO candidates are cutting fundraising targets or delaying Hong Kong flotations, as Asia's weak market for initial public offerings dashes hopes for big debuts.
Babytree, the babycare and parenting platform 10% owned by Chinese e-commerce giant, Alibaba and travel website Tongcheng-Elong Holdings, backed by gaming group, Tencent, last week radically scaled back the amount they intended to raise in flotations later this month.
