Alibaba and Tencent precede $10bn IPO by sharing Sony and Universal music

Before embarking on Tencent’s rumoured, enormous $10 billion IPO they have secured a deal with Alibaba to share each others music. Tencent are a giant investment company with their¬†fingers in a multitude of pies, including…

Tencent invest in Korean record label behind Psy for more K-Pop in China

China’s biggest social media company, Tencent, have invested in YG Entertainment, the Korean record label responsible for Gangnam Style internet phenomenon Psy. K-Pop, or Korean pop is massive, even four years after Psy broke out…