This article only represents the author's own views.
Despite a boom in livestream entertainment during the pandemic and backing from a man famous as China’s “internet badboy,” Huafang Group Inc. has yet to make it to center stage among the nation’s vibrant field of livestreaming platforms.
Still, the company managed to post record revenue last year, and also returned to profitability. Now the second-tier player is seeking stardom in the capital market by applying for a Hong Kong IPO to fund an accelerated expansion. This isn’t Huafang’s first ride on the Hong Kong IPO merry-go-round. It first filed for a listing last Oct. 25, though that application expired late last month. Now it has filed again with its latest application on April 29.
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