Tencent Music aims to raise $2bn in US IPO

发布时间: 2018/10/17 10:22:00

  Tencent Music Entertainment is aiming to raise at least $2bn in an initial public offering, a smaller amount than anticipated. The music streaming company, which is being spun out of Tencent Holdings, China's largest internet and social media group, had been expected to raise as much as $4bn, although TME never publicly stated such intentions. (Tencent Music aims to raise $2bn in US IPO, by Financial Times)


  In recent years, rapid rise of digital music platforms such as Tencent Music Entertainment is inseparable from the enterprise's attention to copyright protection. The firm is constantly working on copyright management as copyright climate of China digital music has been improved significantly.

(Editor Li Xingyi)

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