Tencent raised over $1 billion their first day on the NYSE

Tencent Music’s highly anticipated entry onto the New York Stock Exchange has finally come after months of postponements. After Spotify’s successful IPO earlier this year other music services have been eyeing up an entry onto…

Tencent Music’s IPO looms and they are being sued by an investor

China’s biggest streaming service are finally gearing up for their long-awaited IPO this week, but one of their investors are unhappy with the media giants and taking legal action. Tencent Music Entertainment have been discussing…

Tencent Music will go public on December 12th

Tencent Music Entertainment’s will happen before the year is over despite a number of delays leading people to believe it would be pushed to next year. At the start of the year Spotify went public…

Tencent’s IPO gets delayed again, likely to 2019

China’s streaming giant Tencent have once again delayed their plans to go public making it likely that we won’t see their IPO this year. Tencent Music Entertainment (TME) are China’s dominating streaming service with over…

Tencent Music Entertainment Group (TME) – Files for IPO in United States – Owns QQ Music, Kugou, Kuwo and WeSing

Tencent Music Entertainment Group (TME) has filed their IPO with the Securities and Exchange Commission in the United States. TME listed a placeholder registration for $1bn and applied to list on the New York Stock…

Warner Music and Sony Music Own $200 Million in Shares of Tencent Music in China

Tencent Music has just filed for it’s IPO in the United States. Within that filing it was announced that Warner Music Group (through its Chinese subsidiary) and Sony Music have bought $200m of shares in…

Tencent Music set a date for their $30 billion IPO

One of the biggest forces in music business around the world, Tencent Music Entertainment are prepping their monumental IPO and have finally set a date for the event. Tencent Music Entertainment have set the 18th…

Spotify co-founder just sold $40 million in their stock

One half of the founders of Spotify has decided to sell of a massive $40 million in stock after going public has bumped their value up more than they expected. Martin Lorentzon, Daniel Ek’s other…

Xiaomi made $2.1 billion profits in first quarter as a public company

Chinese smartphone makers and music streamers Xiaomi have just posted their mammoth profits from their first quarter as a public company. Xiaomi are renowned in China with their smartphones in the pockets of millions and…

Spotify pass 80 million subscribers, but Apple are closing in

Spotify are still the clear leaders in music streaming as their latest shareholder letter reveals that Spotify’s user growth is still massive. Spotify have just revealed their letter for shareholders with all of the latest…