China’s Tencent Music said to halve US listing to $2b

FILE PHOTO: A sign of Tencent is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 3, 2017. REUTERS/Aly Song/File Photo

Tencent Music Entertainment Group, China’s biggest music-streaming company, has halved the amount it is seeking to raise in a US listing to about $2 billion, according to three people close to the deal.

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