Tencent Music Entertainment Group ADR

TME: XNYS (USA)

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Tencent Music: Ximalaya Deal Accelerates Podcast Expansion; Lifting Valuation by 19% to USD 21.50

Ivan Su

Jun 11, 2025

Tencent Music has announced plans to acquire Ximalaya, China's largest online audio and podcast platform, which holds a 25% market share. The transaction, to be funded through cash and equity, values Ximalaya at around USD 2.7 billion, or 3.1 times 2023 revenue.

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Tencent Music Entertainment Group ADR

Tencent Music: Ximalaya Deal Accelerates Podcast Expansion; Lifting Valuation by 19% to USD 21.50

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