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 ...

Upon closing, Ximalaya will become a wholly owned subsidiary of Tencent Music, significantly expanding its footprint in China’s rapidly growing podcast market.

Tencent Music Entertainment said it plans to acquire Ximalaya, a Shanghai-based service for streaming podcasts and audiobooks, for $2.4 billion.

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 ...

Chinese music platform Tencent Music Entertainment Group said on Tuesday it would buy long-form audio platform Ximalaya for about $2.4 billion in cash and stock, expanding its library of content ...

Ximalaya, a platform for podcasts, audiobooks and music, could enhance Tencent Music’s competitiveness in the audio content market.

SHANGHAI -- Chinese authorities reportedly have pressured podcast and audio app Ximalaya to scrap plans for an initial public offering in the U.S. and list in Hong Kong instead, as they seek to ...

Ximalaya, the podcasting startup behind iTunes and Spotify rival Himalaya Launched in 2013, Ximalaya is one of China’s most popular platforms for podcasting and audiobooks.

China is pressing the country's largest online audio platform Ximalaya to drop plans to list in the United States and go for Hong Kong instead, three people with knowledge of the matter said ...

Ximalaya was reportedly pressured to forgo a New York IPO by officials from China, who want more such leading tech names to list closer to home.