Headlines from China: Tencent Music Postpones $2 Billion US IPO Due To Market Conditions

 /  Headlines From China  / 
Due to global market sell-off, Tencent Music will delay its $2 billion US IPO, one of the largest US IPOs this year, for at least 9 months. Read More

Headlines from China: Fan Bingbing Apologizes After Being Fined $130 M for Tax Evasion

 /  Headlines From China  / 
After Chinese actress Fan Bingbing disappeared from the public eye for over three months, Chinese authorities finally issued an official statement on her tax evasion case. Read More

Tencent Music to File for US IPO Today

 /  Money  / 
Chinese streaming giant Tencent Music hopes to raise $2 billion at a valuation of up to $31 billion through its US-based IPO. The company has also formed a partnership with its international counterpart Spotify. Read More

Tencent Music Reportedly Pins Its US IPO Date on October 18

 /  Technology  / 
Tencent Music is expected to submit an IPO filing to the United States Securities and Exchange Commission on September 7th and the final IPO date is slated for October 18th. Read More

TCB In RMB: Paramount, Short Films, Streaming Music, Celebrity Investment

 /  Money  / 
Thursday, the Shenzhen Exchange wrote to Shanxi Meijin Energy, inquiring about a joint fund it had announced that included a $100 million investment from superstar actor Chen Kun. The letter expressed concern over Chen’s inexperience in professional investment institutions, as well as his apparent unfamiliarity with the areas in which the fund was targeted to invest. Read More