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Tencent seeks to list online music unit in U.S

July 9, 2018 3:06 AM
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HONG KONG (Reuters) - Chinese internet giant Tencent Holdings Ltd said it is looking to spin off and list its online music business, China’s biggest music-streaming company, in the United States.

The proposed listing is a sign that the once-flagging online music industry is getting back on track as more listeners take to streaming music through smartphone apps even as companies battle piracy and try to sign up more paying customers.

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