China’s massive Tencent are looking at a 50% stake in major label Universal

One of the world’s biggest music labels is being eyed up by Chinese conglomerate for a potentially massive stake acquisition. Tencent, the massive Chinese company responsible for much of the biggest music tech happenings in…

Is the Chinese Music Streaming Market a Duopoly?

Short Answer: Yes. Tencent Music Entertainment and Netease Cloud Music control the chinese music streaming market. Between Tencent Music Entertainment (which owns QQ Music, Kugou and Kuwo) and Netease Cloud Music they have over 80%…

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’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…

Spotify, Tencent and Tencent’s music firm just invested in each other

Spotify and Tencent Music Entertainment Group have shared the love with each other to strengthen their relationship as 2 of the world’s most powerful streamers. Tencent Holdings Limited, the giant Chinese holdings company and parents…