Shares of China-based music streaming company Tencent Music Entertainment rose about 11 percent in their US debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry. The company’s shares opened at $14.15, 8.8 percent above their initial public offering price of $13 per ADRs, giving it...

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Topics:  china-based   tencent music entertainment   adrs   us   percent   market   debut   company   streaming   shares   
BING NEWS:
  • Tech: Tencent Cloud offers path to China for Malaysian firms
    This article first appeared in The Edge Malaysia Weekly on April 8, 2024 - April 14, 2024 TENCENT Cloud — the cloud computing unit of Hong Kong-listed Chinese tech giant Tencent Holdings Ltd — plans ...
    04/16/2024 - 9:00 pm | View Link
  • China's economic development in 40 years
    The country's economy expanded at an average rate of 9.5 percent over the last 40 years ... up boosted international tourism, driving market revenue from $260 million in 1978 to $123.4 billion ...
    12/12/2018 - 3:06 pm | View Link
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