Tencent Music Entertainment beat estimates for second-quarter revenue on Tuesday as an expanded content library drove higher ...

Tencent Music Entertainment surpassed second-quarter revenue expectations on Tuesday, driven by strong subscriber growth in ...

Tencent Music Entertainment (NYSE: TME) stock gains after reporting second-quarter results, with revenue of $1.18 billion, up ...

Bearing all that in mind, Tencent Music is putting up a combination of cash ($1.26 billion) and stock to purchase Ximalaya, the aforesaid disclosure shows. Stock-wise, that refers mainly to ...

Ximalaya's extensive library will also provide content for a smart in-vehicle platform that Tencent Music is developing. Tencent Music's strong financials will also give it the necessary resources ...

Ximalaya, a major force in spoken-word content, is set to become a subsidiary of TME. By Marc Schneider Industry News Editor Tencent Music Entertainment, China’s fast-growing streaming platform ...

Tencent Music Entertainment Group has agreed to buy Chinese podcasting startup Ximalaya Inc. for $1.3 billion in cash plus an issuance of stock, a deal that propels its ambition to become China ...

China's largest online audio platform Ximalaya will file for its Hong Kong initial public offering (IPO) next week after dropping its plans to list in the United States, according to three sources ...

Ximalaya has filed to list in Hong Kong after reportedly being pressured by Chinese government officials to withdraw an earlier U.S. IPO application in 2021. China’s leading podcast platform was ...

Shanghai-based Ximalaya, which filed publicly for the U.S. IPO in late April, has started pre-marketing the float since early May and looked to raise about $500 million, said two of the sources.

Ximalaya Inc. (XIMA), currently being the largest online audio platform in China, is well expected to benefit from such growth. However, competition in the sector is also getting extremely intense.

Ximalaya is seeking to raise funds at about $3.5 billion valuation as the Chinese online podcast and radio services startup looks to expand further, according to people familiar with the matter.