China's biggest streaming-music service files for a US IPO

Tencent Music, the largest streaming-music platform in China, filed Tuesday to go public in the US.
The company said it earned RMB1.32 billion ($199 million) on revenue of RMB10.98 billion ($1.66 billion) in 2017.
"We are pioneering the way people enjoy online music and music-centric social entertainment services," Tencent Music said in the statement.Tencent Music Entertainment filed a document on Tuesday with the Securities and Exchange Commission to go public in the US.
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