TENCENT INVESTING BILLIONS IN MAJOR MUSIC COMPANIES

Highlights:

• Large international competition made many Chinese media-tech firms hybrid. 
• Tencent’s NYSE listed subsidiary, Tencent Music Entertainment (TME) has recently purchased equity shares in Western music majors Universal Music and Warner Music. 
• Tencent shares have reached an all-time high last week and have become the world’s ten most valuable corporations.
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  Tags : China, Tencent, music companies, TME, Business,

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