Tencent Music’s public offering will serve to probe the global OPV markets. China’s response to Spotify could continue with an IPO of 2 billion dollars in New York in December, according to several media articles citing sources close to the agreement.
It is a bad time of the year to sell new shares and Tencent has already rectified its plans once. Moderate treatment will confirm fears that the window for important departures is closing quickly.
The liquidation of shares worldwide has already affected the Tencent plan to get rid of its streaming branch, which is the majority owner, and which in turn is the owner of the QQ Music application. In May, the titan of games and social networks, 312,000 million euros, expected to rise up to 3,500 million euros in an agreement that would have valued Tencent Music Entertainment Group in 25,000 million dollars; they said sources close to the publication International Financial Review, by Refinitiv. The Chinese company delayed its plan to go public in October after reducing the size of the offer by half.
Tencent Music will struggle to reach Spotify’s high notes
Tencent Music investors relations will struggle to reach the top notes of Spotify. The titan of social networks and games in China is going to market its streaming music branch with a valuation of up to 24,500 million dollars (21,500 million euros). Sales go up, and the unit has a new and profitable business model. However, the company’s great premium over Spotify is hard to justify.
The most important music application in China originally planned to raise at least 2 billion dollars (1,800 million euros) in October, according to nearby sources. But the fall of the market worldwide, aggravated by the commercial tensions between the United States and China, caused the Tencent Music’s IPO to be delayed.
The reasons for the alliance between Tencent and Spotify in music streaming
Spotify, the world’s first streaming platform, and the music division of Chinese media giant Tencent, announced a mutual minority stake. For both platforms, these investments, the amount of which has not been disclosed, should allow them to strengthen their catalog and their ability to negotiate licenses with the music production companies. What reassure investors for possible IPOs next year for both companies?
Spotify dominates the Western market, with 140 million active users, including 60 million subscribers paying $ 10 a month minimum. Tencent, through its three platforms – KuGou, QQ Music, and KuWo – has nearly 700 million monthly users, but only 15 million of them pay for its services. However, Spotify is not present in China and Tencent Music investor relations financial results is only at the beginning of the monetization of its subscribers.
Rich content for subscribers
The example of video games shows that it becomes possible to pay small sums to Chinese consumers for better services. Tencent, at the head of the two major Chinese social networks – QQ Music and WeChat (which is close to one billion users) – is a master in this art, also showing success in online video as in reading line. This is what drives investors to buy shares of the Chinese company, whose value is close to $ 500 billion ($ 424 billion).
In music streaming, Tencent is in a particularly favorable position: its three platforms are the first three in the market. KuGou (“cool dog”), the first on the market, owes its success to China’s small towns and countryside, with very popular songs that make singing in karaoke and dancing in public squares. QQ Music is more classic. KuWo is also a hit in karaoke and stands out on the live streaming of music videos.
Artist To Watch in 2021: Mahzi
Over the course of the past few years, female emcees have been making plenty of noise and doing it in the right way. Rising rap phenomenon Mahzi is one of those artists. Her high energy delivery paired with bass-heavy production give her a sound that leaves a lasting impression. Her talent has been years in the making. She started rapping at a young age and over time, caught the attention of Ethika Music, which house a plethora of different talent.
The Detroit native gained attention from her singles “Savage” and “Red Dot,” two standouts in her formidable catalog. Shortly after her growing buzz, she was contacted by Ethika, which led to her inking a 7-year deal with the label. Since her signing, Mahzi has released a whopping three albums in 2020.
In an era where rappers are releasing projects at record pace, Mahzi prides herself on taking her time. While we wait for new music from the artist, check out her latest project in the meantime.
- Rodents & pests in your Framingham home? Call an exterminator! May 8, 2021
- Types of Ultrasound Tests and What to Expect During Treatment May 8, 2021
- Meet Slimiee Fit — The Key To Achieving Your Dream Hourglass Figure And That Impossible Flat Tummy May 8, 2021
- Get To Know The Urban Brand That’s Making An Impact: Rich & Rotten May 8, 2021
- Ecommerce guru Ludovico Apollonio Talks on Ways To Overcome Stress as an Entrepreneur May 7, 2021
- Real Estate Businesses can Avoid Legal Complications by Consulting Expert Real Estate Attorney Services May 6, 2021
- Small Business People are Eagerly Seeking Bad Credit Loans from Online Financial Services May 5, 2021
- 3 Reasons Why Positive SSL Is Perfect For Simple Websites May 5, 2021
- Promoting Brands with Engaging Web-Sites May 4, 2021
- Meet Ruben Alvarez, the Creator of The Marketing Hunters, who Knows the Art of Building a Personal Brand May 4, 2021
Lifestyle2 years ago
Catholic Cases App brings Church’s Moral Teachings to Androids and iPhones
Lifestyle3 months ago
East Side Hype x Billionaire Boys Club. Hottest New Streetwear Releases in Utah.
Tech1 month ago
Effuel Reviews (2021) – Effuel ECO OBD2 Saves Fuel, and Reduce Gas Cost? Effuel Customer Reviews
Tech2 years ago
Cloud Buyers & Investors to Profit in the Future
Lifestyle8 months ago
The Midas of Cosmetic Dermatology: Dr. Simon Ourian
Health2 years ago
CBDistillery Review: Is it a scam?
Tech2 years ago
Bosch Power Tools India Launches ‘Cordless Matlab Bosch’ Campaign to Demonstrate the Power of Cordless
Entertainment2 years ago
Avengers Endgame now Available on 123Movies for Download & Streaming for Free