Bill Ackman's Pershing Square has proposed a deal to merge Universal Music Group with its investment fund. The plan aims to revive the musi...

Tencent Music will acquire Chinese audio platform Ximalaya for $2.4 billion in cash and stock to expand its content library, attract more p...

Tencent Music Entertainment Group is planning to buy podcasting startup Ximalaya Inc for $2.4 billion in a bid to become China's answer to ...

The audio entertainment platform reported revenue of 6.89 billion yuan ($957.02 million) for the quarter. Analysts on average had expected ...

The company's social entertainment services posted a nearly 50% drop in revenue as Beijing's crackdown on online gambling continues to cast...

Total revenue of the company, controlled by Chinese tech giant Tencent Holdings Ltd, stood at 7.29 billion yuan ($1.00 billion) in the quar...

The inspection, part of an agreement signed last year, comes amid rising tensions between the United States and China, including U.S. consi...

The move is the latest development in a long-running rivalry between the two Chinese tech giants who are vying to add users and sign popula...

Revenue from social entertainment services and others fell 15.2% to 4.73 billion yuan ($742 million), while paying users in the social ente...

Tencent Music said on Monday its mainstay social entertainment services business shrank in the fourth quarter, overshadowing the company's ...

The Chinese government has been stepping up antitrust actions in recent months against the country's large tech companies, including a reco...

"In recent months, we have received increased regulatory scrutiny from relevant authorities, and have been actively co-operating and commun...

Tencent faces penalties for not properly reporting past acquisitions and investments for antitrust reviews, an offence with a fine capped a...

The development comes nearly two years after Tencent led a $115 million funding round in the music streaming service.

Paid music services have boosted music sales across the world, and are now the single largest source of revenue for the global record busin...

Tencent has the advantage of a fully developed entertainment and content empire.

Tencent is the majority shareholder in Tencent Music Entertainment, China’s largest music streaming business, and also operates JOOX, a lea...