Tags: AS | China | Tencent | Music Service

Chinese Tech Giant Tencent Plans US Listing for Music Arm

Sunday, 08 July 2018 11:38 PM

BEIJING (AP) — Tencent, China's most valuable tech company, says it plans to spin off its streaming music service on a U.S. stock exchange.

Tencent Holdings Ltd., in a statement issued through the Hong Kong stock exchange, said share price and other details of the stock offering in Tencent Music have yet to be decided.

Tencent's other businesses include the popular WeChat social media platform and online games and video. Most of its activity focuses on its faster-growing home market in China but the company is gradually expanding abroad.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


   
1Like our page
2Share
GlobalTalk
Tencent, China's most valuable tech company, says it plans to spin off its streaming music service on a U.S. stock exchange.Tencent Holdings Ltd., in a statement issued through the Hong Kong stock exchange, said share price and other details of the stock offering in Tencent...
AS,China,Tencent,Music Service
88
2018-38-08
Sunday, 08 July 2018 11:38 PM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved