Chinese tech giant Tencent plans to list its online music business in the United States

Chinese tech giant Tencent plans to list its online music business in the United States

Chinese internet giant Tencent said it plans to spin off its streaming music service on a U.S. stock exchange. In a statement issued on Sunday through the Hong Kong stock exchange, Tencent said the terms of the proposed spin-off, including offering size, price range and other details have not been finalized. The company added that details will be made “as and when appropriate.” Tencent provides services in music, social networking , e-commerce, mobile games, booking…

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