Tencent Music Takes a Stake In Wave — Get Ready for Avatar Concerts In China

November 19, 2020 Tencent Music has made a “minority equity investment” in LA-based virtual-concert startup Wave.

Tencent Music and Wave unveiled the investment and strategic partnership this afternoon, in a general release . Big-name backers including Scooter Braun , Alex Rodriguez, and Twitch cofounder Alex Lin participated in a $30 million Wave funding round over the summer.…

This news comes via ChinaPulse.com, which delivers news, data, analysis, and insights on Chinese business, travel, finance, health, military, investment, and technology.

Comments are closed.