Tencent is further strengthening its ties with music giant Universal Music Group as it continues to dominate the Chinese music streaming market. A consortium led by Tencent and comprising Tencent Music Entertainment, the internet giant’s music spinoff, is set to buy an additional 10% equity stake in UMG from French media conglomerate Vivendi SA, TME … Continue reading Tencent-led consortium will lift stake in Universal Music to 20%