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Chinese tech firm bets on music

Company to spin off streaming service on U.S. exchange

By CAROL ZHONG, BOB VAN VORIS AND LULU YILUN CHEN BLOOMBERG NEWS

This article was published July 10, 2018 at 2:39 a.m.

a-woman-walks-past-mascots-representing-the-various-platforms-owned-by-chinese-internet-conglomerate-tencent-during-a-promotion-in-beijing-last-fall

A woman walks past mascots representing the various platforms owned by Chinese Internet conglomerate Tencent during a promotion in Beijing last fall.

Tencent, China's most valuable tech company and the operator of the popular WeChat social media platform, says it plans to spin off its streaming music service on a U.S. stock exchange.

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