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Tencent Music Entertainment Reportedly To Launch $30 Billion IPO

NEW YORK (CelebrityAccess) Tencent Music Entertainment, aka TME, is said to file for an application for an IPO in the U.S. this week, according to a report by China-based news group Sina.

TME, which is majority-owned by Chinese corporation Tencent, owns Chinese digital music services QQ Music, Kuwo and KuGou. Sources say that TME will file the application with the Securities and Exchange Commission on Friday, according to Music Business Worldwide.