Tian Ge plants seeds amid China's grassroots

The internet firm’s successful IPO comes as 4G and mobile look set to accelerate growth in the industry, chief finance officer Paul Keung told FinanceAsia.

Tian Ge plants seeds amid China's grassroots
Paul Keung, chief finance officer of Tian Ge.

China’s internet sector is intensely competitive and may even be showing signs of overheating but the Hong Kong IPO of Tian Ge Interactive Holdings suggests there is huge demand for grassroots online social interaction.

Investors have been concerned because internet companies' share price performance has dropped an average 20% since March 7. The internet companies listed this year registered a larger decline of 26%, according to an April research by Credit Suisse.

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