China Literature, the country’s largest online publishing and e-book company and a spinoff of Tencent Holdings, agreed to buy the animation and comics business from its controlling shareholder Tencent for RMB 600 million ($83.9 million), reports Caixin. Tencent Animation and Comics has been making a loss for the past two years, losing RMB 190 million…
The major U.S. index futures are currently pointing to a modestly higher open on Tuesday, with stocks likely to extend the upward move seen over the past few sessions.
Asian stocks rose broadly on Tuesday, the dollar eased, gold ticked higher and Treasury yields held steady as investors awaited cues from key U.S. CPI report later in the day and the Federal Reserve's rate decision on Wednesday.
By Jiahui Huang China Literature's shares rose sharply Tuesday on news of a share buyback and plans to acquire Tencent's animation and comics unit, a deal it.
Asian stocks rose broadly on Tuesday, the dollar eased, gold ticked higher and Treasury yields held steady as investors awaited cues from key U.S. CPI report later in the day and the Federal Reserve's rate decision on Wednesday.