News Snapshot:
Li Ruigang, founding chairman and CEO of Chinese media and entertainment group CMC Inc. Photo: Xiaomei Chen Business / China Business Li Ruigang, the powerful Chinese media mogul in control of TVB, plots IPO in Hong Kong, US markets for US$10 billion of assets - Li’s media flagship CMC Inc is valued at US$6 billion based on a 2018 round of financing from investors including Alibaba, Tencent and China Vanke - His private-equity firm, backed by Singapore’s state investment firms, manages about US$4.6 billion of assets, with 10 candidates eyeing global IPOs this year Topic | IPO Li Ruigang, founding...
