China’s Tencent Music Entertainment Spooks Investors With Q2 Report

Variety

New York-listed Tencent Music Entertainment (TME) share prices have dropped following the Monday release of the company’s unaudited second-quarter financial report — despite a 31% year-on-year growth in revenue. China’s TME is owned by the broader, Hong Kong-listed Chinese conglomerate Tencent Holdings. The music company is currently in negotiations with French media giant Vivendi for […]

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https://variety.com/2019/music/news/tencent-music-entertainment-vivendi-universal-media-group-1203300603/

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Author: Rebecca Davis

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