In July 2016, cool dog, cool Chinese music group and QQ music announced the merger, the new combination of future IPO road has already had signs. After the integration of half a year or so,tencentThe music entertainment group (TME) officially landed on the stage.
Earlier, there was news that Tencent music is planning to start IPO related matters, intends to sell 3% shares before IPO, seeking financing, valuation of $10 billion. Follow up reports also suggest that the Tencent music program will be launched in 2018 and may raise at least $1 billion through IPO.
The relevant proposals are subject to the approval of the relevant authorities, Tencent music IPO, and the final decision of the board of directors of Tencent and the board of music of Tencent.