Umer Abbasi

There Are Two Big Mountains on the Back of Online Music. How Can Tencent Music Break?

Recently, Tencent Music, NetEase, Baidu, and Alibaba, the online music "TNBA" market structure, decisively dropped the "NBA" in October. On the 2nd, the company officially submitted a prospectus in the United States, the stock code "TME", and will be officially listed on October 18. According to outside estimates, its valuation will reach about 30 billion US dollars; Tencent Music will also become an online music field, the first listed company.