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Setting out to prove itâs best placed to weather a storm of antitrust scrutiny.
By Bloomberg News
20 May 2021 09:40
Image: Qilai Shen/Bloomberg
Tencent is setting out to prove itâs best placed to weather a storm of antitrust scrutiny thatâs wiped about $200 billion off the value of Chinaâs largest company in a span of months.
Its results on Thursday should affirm the resilience of the worldâs largest game-publishing business as the pandemic recedes, now buttressed by growth in newer arenas such as fintech and the cloud. Yet itâs struggled to claw back the market capitalization itâs shed since its January peak, right around the time Beijing began a clampdown on Jack Maâs Alibaba Group Holding Ltd. and Ant Group Co. before moving on to rising star Meituan.
May 21 2021, 4:20 AM
May 19 2021, 9:30 PM
May 21 2021, 4:20 AM
(Bloomberg) Tencent Holdings Ltd. is setting out to prove itâs best placed to weather a storm of antitrust scrutiny thatâs wiped about $200 billion off the value of Chinaâs largest company in a span of months.
(Bloomberg) Tencent Holdings Ltd. is setting out to prove itâs best placed to weather a storm of antitrust scrutiny thatâs wiped about $200 billion off the value of Chinaâs largest company in a span of months.
Its results on Thursday should affirm the resilience of the worldâs largest game-publishing business as the pandemic recedes, now buttressed by growth in newer arenas such as fintech and the cloud. Yet itâs struggled to claw back the market capitalization itâs shed since its January peak, right around the time Beijing began a clampdown on Jack Maâs Alibaba Group Holding Ltd. and Ant Group Co. before moving on to rising star Meituan.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Tencent Music Entertainment Group Announces Leadership Changes
April 15, 2021 GMT
SHENZHEN, China, April 14, 2021 /PRNewswire/ Tencent Music Entertainment Group (“Tencent Music,” “TME,” or the “Company”) (NYSE: TME), the leading online music entertainment platform in China, today announced the appointment of Mr. Cussion Kar Shun Pang as TME’s Executive Chairman of the Board of Directors (the “Board”). Mr. Zhu Liang (or “Ross Liang”) has been appointed as the Company’s new Chief Executive Officer (“CEO”) and a member of the Board. Prior to this appointment, Ross served as Vice President of Tencent Holdings Limited (“Tencent”) where he was responsible for overseeing a number of major online platforms including QQ, a leading social communication and entertainment platform in China with 595 million MAU on smart devices, as well as Qzone, a leading social platfo
Chesnot/Getty Images
Tencent Music Entertainment (TME) is displayed on the screen of an iPhone on June 12, 2018 in Paris, France.
Chinese music and entertainment giant Tencent Music Entertainment (TME) announced a slate of leadership changes today (April 15), including promoting
Ross Liang to CEO and installing outgoing chief
Cussion Pang as executive chairman of TME s board.
Liang formerly served as vice president of Tencent Holdings Limited, where he oversaw the company s owned online music and social platforms including QQ and Qzone; and prior to that, general manager of QQ Music. In his new role, Liang will oversee QQ Music, Kugou Music, Kuwo Music, WeSing and long-form audio businesses.