Tencent Music in talks to buy China's Ximalaya for $2.4b

Tencent Music in talks to buy China's Ximalaya for $2.4b

FILE PHOTO: A man walks outside the Tencent headquarters in Nanshan district of Shenzhen, Guangdong province, China September 2, 2022. REUTERS/David Kirton/File Photo

Tencent Music Entertainment Group is in advanced talks to buy China’s largest online audio platform, Ximalaya Inc, for $2.4 billion, Bloomberg News reported on Friday, citing sources.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter