A little more than a week after Warner Music Group‘s IPO led to a $15.3 billion valuation, Chinese entertainment behemoth Tencent — the country’s leader in music streaming — has purchased 5.2% of WMG’s Class A shares, equating to about 0.8% total of the U.S.-based recorded music company, for $100 …
Read More »China's Tencent Now Owns Part of Two of the Three Major Record Companies
