Rumor Fact(ory): Tencent Music said to plan acquisition of Ximalaya
Tencent Music is speculated to acquire Ximalaya for $2.4 billion, fostering a competitive landscape in Chinaâs audio platform market. Confirmation is pending.
Tencent Music Entertainment Revenue Grew 8% to $1B in Q4 as Subscribers Reach 121 Million
Tencent Music Entertainment has demonstrated strong growth in its online music segment, with a revenue increase due to subscriptions and advertising, signaling a successful strategic focus.