US music app Smule raises $54m in Tencent-led round as it eyes IPO

US music app Smule raises $54m in Tencent-led round as it eyes IPO

Visitors use their smartphones underneath the logo of Tencent at the Global Mobile Internet Conference in Beijing May 6, 2014. REUTERS/Kim Kyung-Hoon/File Photo

Social media music company Smule has raised $54 million in a financinground led by Chinese technology giant Tencent Holdings Ltd, which it will use to fuel international growth, the company said on Monday.

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