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Variety reports: “Tencent Music, which is being spun off from Chinese e-commerce giant Tencent, may raise less fresh capital than previously expected – possibly only $2 billion instead of an indicated $4 billion, according to a report. The unit is in advanced preparations for an IPO in the U.S. But according to a report by Reuters and its IFR publication, the company is slicing the amount of new finance being raised.”

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