It will also issue shares to Ximalaya’s founder investors not exceeding 0.37% of its total share count. Tencent-backed China Ruyi raises $302 million in convertible bonds.

China's Tencent Music Entertainment Group said on Tuesday it would buy domestic long-form audio platform Ximalaya for about $2.4 billion in cash and stock, expanding its library of content to attract ...

Tencent Music Entertainment Group is in advanced talks to buy Chinese podcasting startup Ximalaya Inc. in a $2.4 billion deal that would accelerate its push to become China’s answer to Spotify ...

Tencent Music will acquire Chinese audio platform Ximalaya for $2.4 billion in cash and stock to expand its content library, attract more paying users, and boost its "Super VIP" program.

With monthly active users reaching 262 million in the first half of 2021, Ximalaya provides a wide variety of audio content through which people produce, share and consume knowledge, information and ...

Tencent was one of its other investors alongside fellow Chinese tech giants Baidu and Xiaomi. Ximalaya also filed to go public in 2021 before later withdrawing from the planned IPO. It had grown from ...

On June 10, Tencent Music Entertainment (TME) announced it had signed a merger agreement with Ximalaya and several other parties to acquire the long-form audio platform. Under the terms of the deal, ...

This year, audio platform Ximalaya has teamed up with the eastern Chinese port city of Ningbo to roll out 'Reasons to Fall in Love with Ningbo-WAVE NINGBO,' a joint podcast co-creation initiative. On ...

Tencent Music Entertainment Group has agreed to buy Chinese podcasting startup Ximalaya Inc. for $1.3 billion in cash plus an issuance of stock, a deal that propels its ambition to become China ...

Tencent Music Entertainment Group is in advanced talks to buy China's largest online audio platform, Ximalaya Inc , for $2.4 billion, Bloomberg News reported on Friday, citing sources ...

The acquisition means a windfall for Sony Music Entertainment, which is one of Ximalaya’s investors. Related Stories. Tencent Music in talks to buy podcasting company Ximalaya; Despite 80m paying ...