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Tencent Music Plans to Go Public in the United States

Tencent Music Plans to Go Public in the United States

Chinese tech giant Tencent (TCEHY) is planning to spin off its music arm, Tencent Music Entertainment (or TME). TME could go public in the United States, according to a filing made by the $500.0 billion company. Tencent stock rose 2.4% on July 9 after the filing was made on July 8.