Tencent-backed Soulgate scraps US IPO plans following new offers to raise capital

Tencent-backed Soulgate scraps US IPO plans following new offers to raise capital

Photo: REUTERS/Brendan McDermid/Files

Soulgate Inc, the Chinese social networking app backed by Tencent Holdings Ltd, has halted plans for its initial public offering in the United States, the company said on Wednesday.