The New York Stock Exchange decorated for the trading debut of Tencent Music Entertainment on December 18, 2018. Photo: Shutterstock.
Tencent Music seeks a quicker route to list in Hong Kong, joining exodus of New York-listed Chinese companies to safe haven amid US risks
- Tencent Music would list its American Depositary Receipts (ADRs) by introduction, which is a quicker route to a secondary listing
- Tencent Music’s fourth-quarter sales fell 8.7 per cent to 7.61 billion yuan, while profit plunged 55.3 per cent to 536 million yuan
The New York Stock Exchange decorated for the trading debut of Tencent Music Entertainment on December 18, 2018. Photo: Shutterstock.