Tencent Music Entertainment Group (NYSE:TME) shares rose 5.4% on Tuesday following news that the company will acquire Chinese podcast platform Ximalaya in a $2.4 billion cash-and-stock transaction.

China's largest online audio platform Ximalaya will file for its Hong Kong initial public offering (IPO) next week after dropping its plans to list in the United States, according to three sources ...

Ximalaya has filed to list in Hong Kong after reportedly being pressured by Chinese government officials to withdraw an earlier U.S. IPO application in 2021.

Ximalaya’s decline may have been shaped by internal missteps, such as its dual-CEO structure that led to muddled strategy, but it also reflects the difficult business model and mounting pressure from ...

China's largest online audio platform Ximalaya will file for its Hong Kong initial public offering (IPO) next week after dropping its plans to list in the United States, according to three sources ...

Tencent Music plans a $2.4bn merger with Ximalaya, enhancing audio offerings and user retention. Read why we remain on the sidelines of TME stock.

(Reuters) -Tencent Music Entertainment Group is in advanced talks to buy China's largest online audio platform, Ximalaya Inc, for $2.4 billion, Bloomberg News reported on Friday, citing sources ...

Ximalaya also launched China’s first content-themed shopping day known as the 123 Knowledge Festival, like a Black Friday for audiobooks and podcasts. It was a profitable initiative that achieved a ...

Ximalaya also has the highest penetration rate of 5.12% according to iiMedia. Ximalaya is also the lead performer in weekly active penetration by a far margin, according to Cheetah. Ximalaya claimed ...

Ximalaya, one of the country’s most popular audio platforms, boasts 303 million monthly users and serves as a major destination for podcasts, audiobooks, and livestream content. The merger, if ...