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Benzinga

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The Bamboo Works

Things Don't Add Up Well in Used Computer Renter's IPO Bid

IPO Tina Yip Lenovo Tencent LX Hong Kong Kenny Wen JDcom

Key Takeaways:

LX Technology, parent of Little Bear Rental, has been approved for a Hong Kong IPO, despite losing over 740 million yuan in the past three and a half years
Its major early shareholders, including Tencent, Lenovo and JD.com, have started cutting their ties with the company even before the IPO

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