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Chinese Streaming-Music Giant Files for $1 Billion U.S. IPO

U.S. listings by Chinese companies almost double 2017’s total
Tencent Music reports profit and plans for improving service

Tencent Starting to Crack the Code on Music Streaming, Lead Edge's Green Says(Source: Bloomberg)

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By Alex Barinka and Crystal Tse

October 2, 2018 at 3:52 PM UTC

Updated on

October 3, 2018 at 2:34 AM UTC

This article is for subscribers only.

Tencent Music Entertainment Group, the online-music arm of China’s largest social-media company, filed for a initial public offering in a continuing surge of U.S. listings by Chinese companies.

The music-streaming site listed its offering size as $1 billion in a filing Tuesday with the U.S. Securities and Exchange Commission. The amount is a placeholder and may change.