Markets News 

The $500bn Chinese tech firm you may never have heard of

“Tencent Music, which dwarfs efforts by Apple and Spotify in China, is expected to make a $10bn stock market listing this year” writes Mark Sweney for theguardian.com. The protected market conditions that have allowed Tencent to flourish, and the vast differences between Chinese and foreign internet users’ web habits, has seen the company struggle abroad.Seven years after launching WeChat it is yet to break into any other market, although it has earmarked Malaysia.
 
Source: theguardian.com



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