Tencent Music plans to debut in Hong Kong as early as next week: report

Marketing activites are said to start in the next few days.

Tencent Music Entertainment Group is planning to list on the Hong Kong Exchange as early as next week according to a report by Bloomberg.

The music streaming platform of the Chinese tech giant Tencent is said to be planning marketing activities in the next few days according to sources.

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The Shenzhen-based company is already listed on the New York stock exchange. Last March, it first announced its plans to pursue a secondary listing, joining some Chinese firms seeking alternative listings as Sino-US tensions could spell delisting risks. The listing in Hong Kong would only be by way of introduction. This means Tencent Music won’t be selling new shares or raising fresh funds.