{"id":2814,"date":"2018-10-03T02:59:15","date_gmt":"2018-10-03T02:59:15","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/chinas-tencent-music-applies-to-list-in-the-us\/"},"modified":"2018-10-03T02:59:15","modified_gmt":"2018-10-03T02:59:15","slug":"chinas-tencent-music-applies-to-list-in-the-us","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/chinas-tencent-music-applies-to-list-in-the-us\/","title":{"rendered":"China’s Tencent Music applies to list in the US"},"content":{"rendered":"\n
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\"TencentImage copyright<\/span>
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\n Tencent Music is seeking a valuation of about $25bn, according to reports
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China’s Tencent Music has filed a much-anticipated request to list its shares in the US, in what could be one of the biggest US initial public offerings by a Chinese company.<\/p>\n

Tencent Music’s parent firm is China’s tech giant Tencent Holdings. Other shareholders include Spotify.<\/p>\n

It includes digital streaming apps QQ Music, Kugou and karaoke app WeSing.<\/p>\n

The request to list comes amid growth in the online music industry, despite some ongoing problems with piracy.<\/p>\n

More listeners, particularly those without access to a personal computer, are streaming music through smartphone apps like Spotify and Tencent Music.<\/p>\n

Tencent Music is seeking a valuation of about $25bn (\u00a319.2bn), according to reports. <\/p>\n

It has requested to trade under the symbol TME.<\/p>\n

Luxembourg-based Spotify, which is the current market leader, listed in the US on 3 April, with its shares priced at $165.90. Its shares closed in the US on Tuesday at $178.88.<\/p>\n

Tencent Holdings, which is China’s biggest social media company, also operates the Chinese social network WeChat.<\/p>\n<\/p><\/div>\n


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Source<\/a> by [author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Image copyright Getty Images Image caption Tencent Music is seeking a valuation of about $25bn, according to reports China’s Tencent Music has filed a much-anticipated request to list its shares in the US, in what could be one of the biggest US initial public offerings by a Chinese company. Tencent Music’s parent firm is China’s … <\/p>\n","protected":false},"author":0,"featured_media":2815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=2814"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2814\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/2815"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=2814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=2814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=2814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}