Chinese media giant Tencent has confirmed that Tencent Music Entertainment (TME) is set to be spun-off via a public listing in the United States. Tencent is the current majority shareholder in TME, and today (July 8) told its shareholders that the music company would now float on a “a recognized stock exchange in the United States through a registered public offering”. In preparation for this float, Tencent has submitted a proposal to the Stock Exchange of Hong Kong, which has since confirmed that Tencent can proceed with the proposed spin-off....read more >>