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.

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.

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