The Tencent and SIG China-backed podcasting app developer, valued at $3.5bn three years ago, has filed for a US initial public offering.
China-based audio streaming platform developer Ximalaya has filed for an initial public offering in the United States that would give internet and gaming group Tencent the chance to exit.
Ximalaya operates an online podcasting platform with some 250 million monthly active users, and the filing comes after it recorded a $92.7m net loss in 2020 from nearly $621m in revenue.
The company has set a placeholder target of $100m and is set to float on the New York Stock…
