Tencent Music Posts $127M Loss, 664M Monthly Active Users
Tencent Music posted a $127 million loss in its first quarterly report its a December 2018 IPO. The loss, which the streamer forecast in its IPO prospectus stems from a. Continue reading
Facebook Files Lawsuit To Stop Fake Likes, Followers
[UPDATED] Facebook and Instagram have filed a lawsuit in US Federal Court against four companies and three individuals for selling fake accounts, likes and followers. The China based companies being. Continue reading
Tencent Music (TME) Upgraded As Analyst Praises Streamer’s Unique, Profitable Revenue Model
Just weeks after Tencent Music's belated IPO on the New York Stock Exchange, JPMorgan has given a strong endorsement to the Chinese Music streamer, moving it from hold to buy. Continue reading
Mobile Music Streaming In China: A Vibrant Industry In A Tough Market
As the Chinese company Tencent Music Entertainment preps for their initial public offering, Robert Lyon takes a moment to look more closely at the country's digital music industry, and what. Continue reading
Tencent Music [TME] Ends First Trading Day Up 7.7%
After opening at $14.10, Tencent Music ended its first day of trading Wednesday up $1.00 at $14.00 or 7.69% above it's $13.00 target IPO asking price. At one point in. Continue reading
NetEase Cloud Music Raises $600M As Users Jump 200M In 12 Months To 600M
NetEase Cloud Music has completed a $600 million funding round to take on Spotify partner Tencent Music in China and Asia's exploding streaming music market. NetEase boasts 600 million registered. Continue reading
Tencent Music: A Different Kind Of Streamer [Mark Mulligan]
Tencent Music (TME), touted as China's largest music streaming service, has filed for a $2 billion U.S. IPO. But an analysis by Mark Mulligan of MIDiA shows that TME is only. Continue reading
Sony, WMG Buy $200M Stock As Tencent Music Files US IPO
Tencent Music (TME) has filed for a U.S. IPO to list on the New York Stock Exchange and NASDAQ Global Market with the goal of raising $2 billion. The Tencent F-1. Continue reading
