Music Business News: China
News Universal-owned EMI Group and Sony-owned EMI Music Publishing also have stakes News Company partners with Stephen Budd Music after opening new facility in China News Investment banks reportedly invited to pitch for a role News Deal covers the world excluding Japan and Korea News China-based streaming service said to be interviewing potential banks over the next month with plans to float in the US News TMG merged with Baidu Music in 2015 to form a join label/platform operation News Merlin inks non-exclusive deals with Alibaba, Tencent and NetEase Cloud Music News Adrian Cheesley leaves major having first joined EMI in 1990