Quantcast
CHINA'S TENCENT TO LAUNCH U.S. IPO

Without providing a time frame or any details, Chinese conglom Tencent announced on Monday that it will spin off its music streaming unit via an IPO on a U.S. stock exchange.

The Stock Exchange of Hong Kong Limited has accepted Tencent’s proposal to spin off its Tencent Music platform in China. Tencent has a market value of around $480b; its music division is said to be valued at around $30b.

Tencent has exclusive deals with Sony Music, Universal Music Group and Warner Music Group, and is allowed to cherry pick songs that other services in China are allowed to stream. It has about 600m users, 15m of whom are paying subscribers.

NEAR TRUTHS: REVOLUTIONS AND ROCKET SHIPS
IB Bad weighs in on the "youthquake." (11/19a)
GRAMMY SHOWDOWNS
In the red corner... (11/19a)
ARIZONA GOES TO COLUMBIA
Bring on the remixes! (11/15a)
NEW RELEASES: LE RETOUR DE CELINE (UPDATE)
Nothing lost in translation. (11/18a)
WILL REI AMI BE THE NEXT ACT TO POP?
Pass the popcorn. (11/18a)
THE GRAMMY NOMINATIONS
They'll soon be here, and then we can start obsessing about who'll win.
U.K. SPECIAL
Forget Brexit--it's our yearly survey of doings in Blighty. And if you still can't forget Brexit, try drinking.
WHAT'S GOING ON BENEATH OUR WINDOWS?
The latest in Hollyweird.
WEED!
That's what Hollywood smells like. Seriously. 24/7.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)