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Tencent Music

Global Markets

Collapse of Bill Hwang's Archegos is like the sinking of the Titanic

Archegos Capital Management collapsed with over US$50 billion of exposure, twice the GDP of Cambodia.

Company in the news

Tencent Music plans US$1 bil share buyback after Archegos selloff

The firm’s stock slumped almost 20% on Friday after Goldman Sachs sold US$6.6 billion worth of shares in it, Baidu and Vipshop.

Bonds and treasuries

Tencent Music draws over $13.6bil in orders for debut dollar bonds

Tencent Music Entertainment Group has attracted more than US$10 billion ($13.67 billion) of orders for its dual-tranche debut dollar bond, beating expectations for investment-grade offerings in Asia’s offshore credit market.
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