Tencent Music, Tencent pick up 10% stake in Thai firm GMM Music for $70m

Tencent Music, Tencent pick up 10% stake in Thai firm GMM Music for $70m

Photo by Tijs Van Leur on Unsplash.

Chinese online music and audio entertainment platform Tencent Music Entertainment (TME) and parent Tencent Holdings have picked up a 10% stake in Thai company GMM Music for about $70 million, according to an announcement on Monday.

Edited by: Deepshikha Monga