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This year, audio platform Ximalaya has teamed up with the eastern Chinese port city of Ningbo to roll out "Reasons to Fall in ...
China's Tencent Music Entertainment Group said on Tuesday it would buy domestic long-form audio platform Ximalaya for about $2.4 billion in cash and stock, expanding its library of content to attract ...
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Digital Music News on MSNTencent Music Confirms Ximalaya Buyout — Putting Up $1.26 Billion and Stock for the Podcast PlatformTurns out there was something to Tencent Music’s rumored Ximalaya acquisition plans: The music streaming giant has officially announced a deal to purchase the podcast platform. Tencent Music (NYSE: ...
Ximalaya, a platform for podcasts, audiobooks and music, could enhance Tencent Music’s competitiveness in the audio content market.
Tencent Music shifts focus to core streaming, optimizing non-paying users & leveraging buybacks post-Ximalaya deal. Learn ...
Tencent Music Entertainment Group (TME.US; 1698.HK), China's leading online music streaming platform, gave the audio format a ...
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 ...
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.
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 (TME) shares are trading lower after announcing its acquisition of Chinese audio platform Ximalaya for $1.26 billion in cash and stock.
TMTPOST— Tencent Music Entertainment Group (NYSE: TME; HKEX: 1698) announced late Tuesday that it has signed a definitive agreement to acquire Ximalaya Holdings, one of China's largest online audio ...
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