Tencent-backed Chinese travel site Tongcheng raises $180m in HK IPO

Tencent-backed Chinese travel site Tongcheng raises $180m in HK IPO

Photographer: Anthony Kwan/Bloomberg

Tongcheng-Elong Holdings Ltd., a Chinese travel website backed by Tencent Holdings Ltd., raised $180 million after pricing its Hong Kong initial public offering near the bottom of a marketed range.

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