Inside a week, Hong Kong has been able to secure its second high-profile tech IPO. Along with the gaming firm razer, whose prospectus was filed on Friday, the Tencent’s online publishing has also followed the plans for the Hong Kong IPO. With 8.4 million pieces of content from more than five million writers, the literature of China is akin to the kindle service of Amazon. There are total 175.3 million monthly users across all the services, and more of than 90 percent of them are on mobile. The service is being spun out of Tencent, Asia’s highest valued tech firm, which currently owns a 65 percent share of the business. Tencent plans to sell part of its equity for the listing, but it is seeking to retain at least 50 percent control as China Literature becomes a subsidiary. The company recorded 2.6 billion RMB ($377 million) in revenue for 2016, up 59 percent year-on-year, with a profit of 38.8 million RMB, or $5.6 million, according to its filing. That’s compared to a 354 million RMB ($52 million) loss one year previous. Tencent beefed up its online publishing focus when it merged its publishing unit with Cloudary in 2015. Cloudary had previously filed to go public on the New York Stock Exchange before parent company Shanda aborted the move in favor, ultimately, of an alliance with Tencent.