Tencent

Exec is a leading figure at China's biggest streaming music company

Potential bids would value Universal at around $46bn

Douban FM was launched in 2009

Free-to-play title generated more than any other game in history during 2018

Tencent Music started trading on the NYSE with an initial share price of $13

TME filed for its US IPO on October 2

TME is set to float on "a recognized stock exchange in the United States", confirms Tencent

New York Stock Exchange application expected this Friday

MBW revealed that publisher is an equity holder yesterday

Universal-owned EMI Group and Sony-owned EMI Music Publishing also have stakes

Investment banks reportedly invited to pitch for a role

China-based streaming service said to be interviewing potential banks over the next month with plans to float in the US

Merlin inks non-exclusive deals with Alibaba, Tencent and NetEase Cloud Music

Chinese media giant adds to portfolio by backing Times Internet's platform

The rumors were true: the streaming giants are teaming up