Music Business News: China
News Media report of sale untrue, says TikTok boss Alex Zhu News "This is an exciting development reflecting a strong validation of our business strategy, our incredible team and your excellent work." News "Tencent and the Consortium members are excited to support UMG's growth through this investment." News Share Repurchase Program commenced on December 15 News Exec was previously Senior Vice President, Global Business Development and Strategy at Warner Music Group News Short-form video firm is reportedly close to completing a $3 billion-pre-IPO funding round News Three reasons why Bytedance's new service may pose a real threat to the world's No.1 audio streaming platform News Report follows launch of Committee on Foreign Investment in the United States (CFIUS) inquiry