Just weeks after Tencent Music’s belated IPO on the New York Stock Exchange, JPMorgan has given a strong endorsement to the Chinese Music streamer, moving it from hold to buy with a $16.00 target price. Tencent Music closed Friday trading at $14.35, up 10.6% on the news. JPMorgan analyst Alex…
Category archives: China
Mobile Music Streaming In China: A Vibrant Industry In A Tough Market
As the Chinese company Tencent Music Entertainment…
Chinese Students in London, Join Us for An Exclusive 7 Day Course This January
As you may know, we recently partnered with the electronic music company NetEase FEVER to announce the opening of one of our schools in Hangzhou, China. To celebrate our new Far East venture we have decided to run a week-long course for London-based Chinese students at our headquarters in the UK’s legendary capital city. If this […]
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Tencent Music [TME] Ends First Trading Day Up 7.7%
After opening at $14.10, Tencent Music ended its first day of trading Wednesday up $1.00 at $14.00 or 7.69% above it’s $13.00 target IPO asking price. At one point in the day, the stock was trading at $14.75. 60,190,565 shares of TME traded hands on Wednesday. The full Tencent offering…
NetEase Cloud Music Raises $600M As Users Jump 200M In 12 Months To 600M
NetEase Cloud Music has completed a $600 million funding round to take on Spotify partner Tencent Music in China and Asia’s exploding streaming music market. NetEase boasts 600 million registered users, adding 200 million over the last twelve months. Launched in April 2013, NetEase Cloud Music has one of China’s…
Music Think Tank Weekly Recap: Copyright In China • Music Venue Maintenance • Booking • More
This week on MusicThinkTank, we explore the complexities of securing your copyright in China, how to properly maintain your music venue, the most effective way to book shows, and more! Juri Kobayashi | The Enigma Of Securing Your Copyrights In China Rachelle Wilber | Music Venue Maintenance: 4 Areas For…
5 Steps You Should Take to Maximize Your IP in China
China has a chequered past with foreign IP. But companies are getting around that by developing IP assets — like a world-famous bronze cat.
Tencent Music: A Different Kind Of Streamer [Mark Mulligan]
Tencent Music (TME), touted as China’s largest music streaming service, has filed for a $2 billion U.S. IPO. But an analysis by Mark Mulligan of MIDiA shows that TME is only partially a music service. It’s really a series of related social entertainment platforms that could offer lessons which Spotify…
Sony, WMG Buy $200M Stock As Tencent Music Files US IPO
Tencent Music (TME) has filed for a U.S. IPO to list on the New York Stock Exchange and NASDAQ Global Market with the goal of raising $2 billion. The Tencent F-1 filing offered an unusual and revealing peak inside China’s largest music streaming service. The Tencent F-1 filing with the…
China’s Biggest Music-Streaming Service Goes Public in the U.S.
Tencent Music Entertainment is China’s Spotify — but it actually turns a profit