Tencent to spin off its music business and list its shares in the U.S.

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Homepage of Tencent website on the display of PCChinese internet giant Tencent has announced plans to spin off its online music business and float the unit in the U.S. Tencent, which operates dozens of digital services, from social networking apps to ecommerce sites, listed its shares on the Stock Exchange of Hong Kong (SEHK) in 2004, but it has now sought and gained permission from the SEHK to…Read More
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