, Columnist
Tencent Music Plays Spotify Rhythms to a Facebook Beat
Social is the foundation of the Chinese spinoff’s revenue model.
Tencent Music’s Kuwo streaming service: Social elements.
Photographer: Chesnot/Via Getty Images
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What really pops out when looking at Tencent Music Entertainment Group’s IPO prospectus is the importance of social interaction to its business model.
That makes sense, given its pedigree as an offshoot of Tencent Holdings Ltd.