Tencent Music Entertainment Group
Tencent Music to buy Chinese audio platform Ximalaya for US$2.4 billion
Ximalaya counts Tencent, Baidu and Sony Group’s music entertainment unit as backers
Tencent Music buys SM Entertainment stake in K-pop bet
South Korean entertainment stocks have been among the biggest gainers in the Korean equity market this year, driven by expectations they will be shielded from tariff wars
Tencent Music in talks to buy Ximalaya for US$2.4 billion
This would accelerate its push to become China’s answer to Spotify Technology
Streaming cushions Tencent Music’s second quarter revenue fall
CHINA’S Tencent Music Entertainment reported a smaller than expected fall in quarterly revenue on Tuesday (Aug 13), cushioned by an increase in paying subscribers at its music streaming platforms.
Tencent, Tencent Music to pick up 10% stake in Thailand's GMM Music for US$70 million
GMM Music is valued at US$700 million
Tencent Music beats quarterly revenue estimates
The company has capitalised on its position as the largest Chinese music-streaming platform with an attractive licensed music library
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