Why Major Labels Would Cash In On A Tencent Music IPO

People visit the Tencent stand during the 1st Digital China Summit at Strait International Conference and Exhibition Center on April 22, 2018 in Fuzhou, China. (Photo by VCG/VCG via Getty Images)

Tencent Music Entertainment Group–the largest streaming service in Asia–is plotting an IPO that may top $25 billion, according to a recent report by the Wall Street Journal. That likely comes as welcome news for shareholders of its parent company, Tencent, one of the world’s biggest companies by reve...