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BENGALURU: China's Tencent Music Entertainment Group (TME) said on Monday its quarterly revenue leaped 18%, beating Wall Street estimates, as it put more music for streaming behind its paywall and grew its paid subscriber base by more than half.
PARIS/HONG KONG, Dec 31 (Reuters): A Tencent-led consortium is taking a 10% stake in Vivendi's Universal Music Group, valuing the music label that houses Lady Gaga and The Beatles at 30 billion euros (US$34bil) and giving the Chinese firm a global backstage pass.
SHANGHAI: Chinese shoppers snapped up food supplements, facial masks and baby milk powder at the world’s largest shopping festival, with brands such as L’Oreal and Nestle among the biggest winners, Alibaba data showed.
HANGZHOU, China: Chinese retailer Alibaba Group Holding Ltd's sales for its 24-hour Singles' Day shopping blitz hit a record $38.4 billion, more than U.S. rival Amazon.com Inc's haul last quarter from online store sales.
HANGZHOU: Chinese e-commerce giant Alibaba Group Holding Inc on Monday said sales for its annual Singles' Day shopping blitz hit 158.31 billion yuan (US$22.63bil) in its first nine hours, up 25% from 126.72 billion yuan at the same point last year.
ALIBABA Group Holding Ltd should put its Singles’ Day shopping extravaganza out to pasture.
SHANGHAI: Alibaba Group will kick off its annual 24-hour shopping extravaganza today with deals and deep discounts galore, and a performance by American popstar Taylor Swift to top it all, as it pushes to rake in another record Singles’ Day sales.
PARIS: Vivendi is in talks to sell a 10% stake in its prized and lucrative Universal Music Group (UMG) to Chinese tech group Tencent, the French media conglomerate said
HONG KONG: A Chinese investor accused the co-president of Tencent Music Entertainment Group, which could fetch as much as US$1.23bil in an IPO this month, of using lies and threats to get him to sell his stake in a company that eventually became part of China’s largest music-streaming service.