Chinese video site set for $1.4b backdoor listing

Mango TV makes a quick move to the public market through a backdoor listing in Shenzhen, stealing a march on its bigger rival iQiyi, which is slated to go public in the US next year.

Chinese video site set for $1.4b backdoor listing

Online video platform Mango TV is set to become the latest fast-growing Chinese technology startup to go public after agreeing a Rmb9.5 billion $1.4 billion backdoor listing on the ChiNext board of the Shenzhen Stock Exchange.

Hunan-headquartered Mango TV, which gained unicorn status after completing a series-B round of funding last year that valued the company at Rmb13.5 billion $2 billion, will be injected into ChiNext-listed Happigo Home...

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