Tencent Music Shares Rise Over 5% Following Acquisition of Ximalaya

CoinLive
2026.05.19 01:35
Tencent Music Entertainment Group's shares on the Hong Kong Stock Exchange rose by more than 5%. According to Jin10, the increase follows the company's announcement of its completed acquisition of Ximalaya, a leading audio content platform in China. This strategic move is expected to enhance Tencent Music's content offerings and expand its market presence in the audio streaming industry.
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