Tencent-backed Chinese social networking platform Soulgate files for $100m US IPO

Tencent-backed Chinese social networking platform Soulgate files for $100m US IPO

Soulgate, a Tencent-backed social networking platform based in Shanghai, has filed to raise up to $100 million in an initial public offering in the US even as it continues to burn money since 2019, its filing with the Securities and Exchange Commission showed.