Friday Flashback: Tencent Music Targets Spotify by Debuting on NYSE
Here's a new series on the big developments that took place in the APAC region over the past one week.
1. The China- based online music entertainment platform Tencent Music has raised nearly $1.1 billion in its US IPO after pricing its shares at the bottom of a marketed range.However the company could not gain the momentum it expected.
2. According to a Wealth Report Asia 2018 by Private Bank Julius Baer, Women in China account for one third of the global luxury goods consumption
3. Yamaha Motor and Southeast Asia’s ride hailing giant have formed a partnership to collaborate in motorcycle ride-hailing service within the Southeast Asian region with a focus on Indonesia. As part of the partnership agreement, the Japanese automaker will invest US$150 million in Grab.