Bearing all that in mind, Tencent Music is putting up a combination of cash ($1.26 billion) and stock to purchase Ximalaya, the aforesaid disclosure shows. Stock-wise, that refers mainly to ...

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 Entertainment Group has agreed to buy Chinese podcasting startup Ximalaya Inc. for $1.3 billion in cash plus an issuance of stock, a deal that propels its ambition to become China ...

Shanghai-based Ximalaya, which filed publicly for the U.S. IPO in late April, has started pre-marketing the float since early May and looked to raise about $500 million, said two of the sources.

Ximalaya generated revenue of CNY 6.2 billion (USD 870 million) in 2023, roughly 20% of Tencent Music's. Its operating margin was just above breakeven (around 1.5%), which is typical for ...

Ximalaya, a major force in spoken-word content, is set to become a subsidiary of TME. By Marc Schneider Industry News Editor Tencent Music Entertainment, China’s fast-growing streaming platform ...

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. China’s leading podcast platform was ...

Ximalaya will also give Tencent Music an opening into the car audio market, since the former's products are now included in the onboard audio offerings of more than 80 auto companies, such as ...

Ximalaya is seeking to raise funds at about $3.5 billion valuation as the Chinese online podcast and radio services startup looks to expand further, according to people familiar with the matter.

Tencent Music to Acquire Chinese Podcast Platform Ximalaya for $2.4 Billion Ximalaya, a major force in spoken-word content, is set to become a subsidiary of TME.

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 ...