Tenchet

China Literature is a subsidiary of Tenchet and they are going public and trying to raise $800 million in a public offering. The company, which is looking to raise funds for potential acquisitions and expand its mobile reading business. The firm saw revenues jump 59% last year to 2.6 billion yuan ($377 million), while it posted a net profit of 30.4 million yuan, compared … [Read more...] about China Literature is Challenging the Amazon Kindle