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.

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