Tencent Holdings Ltd. plans to spin off its online-music business and list shares in the United States. This will help to demonstrate that the recording industry is staging a comeback. The move lets American investors bet on the Chinese music-streaming services market. Previously, music streaming has been plagued by piracy. Tencent’s growth in China also mirrors inroads […]
The post Tencent’s United States Music IPO Reflects More Upbeat Recording Industry appeared first on One EDM.
Source: oneedm.com
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