Tencent Music Entertainment Group (TME), a unit of internet giant Tencent, is expanding its business scope with a deal to buy Lazy Audio, a Chinese provider of audio entertainment including audiobooks, comedies, podcasts and radio shows. Read More
A consortium led by Tencent will buy an additional 10% stake in Universal Music Group (UMG) from French media conglomerate Vivendi, increasing their holding in the record label to 20%, as Tencent aims to dominate the Chinese music streaming market, according to a statement on Friday. Read More
Tencent Music Entertainment Group (TME) is entering the virtual concert arena in partnership with a U.S. startup, as it extends its offerings beyond simply providing songs licensed from third parties. Read More
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