SCMP.COM | Photo: Dickson Lee
“PCCW video-streaming unit raises US$110m from Hony Capital, Foxconn and Temasek”
Posted at 13:07h
in 2017
The video-streaming subsidiary of Hong Kong telecommunications and media giant PCCW has raised a US$110 million investment from Chinese private equity firm Hony Capital, Foxconn Ventures and a unit of Singapore’s Temasek Holdings.PCCW, the flagship company of tycoon Richard Li Tzar-kai, announced that development on Thursday, after it reported a significant increase in core net profit in the six months ended June 30.
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