Tencent Music Archives

Markets Mar. 30, 2021, 2:17 PM

Chinese tech firms hammered by the Archegos blow-up announce share buybacks

Vipshop, Tencent Music Entertainment, and GSX Techedu all announced share buybacks in the past week after the hedge fund Archegos' historic blow-up.

Markets Dec. 12, 2018, 8:31 AM

China’s biggest streaming-music service reportedly prices its US IPO at the low end of its range

Tencent Music Entertainment reportedly priced its initial public offering at $US13, the low end of its range. The company previously said American Depository Receipts would price between $US13 and $US15, helping it raise as much as $US1.2 billion. Shares will debut for trading in the US on Wednesday. The IPO […]

Markets Dec. 4, 2018, 7:22 AM

China’s biggest streaming-music service reveals the details for its US IPO

Tencent Music on Monday set the price for its US initial public offering after global markets got a boost from a truce in the US-and-China trade war. The company said American Depository Receipts will price between $US13 and $US15, helping it raise as much as $US1.2 billion. The IPO was […]

Markets Oct. 13, 2018, 12:02 AM

China’s biggest streaming-music service is reportedly postponing its US IPO because of stock-market volatility

Tencent Music is reportedly delaying its US initial public offering because of stock-market volatility. The offering could value the business in excess of $US25 billion, making it one of the biggest IPOs ever for a technology company. US markets just suffered their steepest drop since February as concerns about rising […]

Markets Oct. 3, 2018, 4:18 AM

China’s biggest streaming-music service files for a US IPO

Tencent Music, the largest streaming-music platform in China, filed Tuesday to go public in the US. The company said it earned RMB1.32 billion ($US199 million) on revenue of RMB10.98 billion ($US1.66 billion) in 2017. “We are pioneering the way people enjoy online music and music-centric social entertainment services,” Tencent Music […]