Tencent Music gets go-ahead for US flotation

By John Loh
09 Jul 2018

Tencent Holdings is planning to list its digital music distribution arm in the US, according to a filing with the Hong Kong Stock Exchange on Sunday.

The company’s board has proposed to spin off majority-owned subsidiary Tencent Music Entertainment Group. The Hong Kong bourse gave its approval to Tencent to go ahead with the listing.

Tencent Music was formed in 2016 from the merger of Chinese media and payments giant Tencent’s QQ Music with China Music Corp, creating one of the biggest ...

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