Tencent Music's plans for a $5b Hong Kong listing in 2021 stalls amid market volatility

Tencent Music's plans for a $5b Hong Kong listing in 2021 stalls amid market volatility

Photo: Reuters

Tencent Music Entertainment Group’s plans to sell up to $5 billion in shares while acquiring a listing in Hong Kong by the end of the year are fading amid market volatility and China’s crackdown on online platforms.

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