Tencent invests $40m in Indian music streaming app Gaana

Tencent Holdings, which already owned a third of Gaana, have increased their investment in the Indian music streaming platform.

How much of the music industry does Tencent really own?

Beyond their own huge music services Tencent has huge stakes in Universal, Warner, Spotify and others. Tencent is a huge Chinese company and with their music sector, Tencent Music Entertainment (TME), they are making its…