China's Tencent Music reports passive stake in Warner Music

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Tencent Music is controlled by Chinese tech giant Tencent Holdings (OTC:TCEHY) Ltd.

The listing by Warner, home to artists including Cardi B, Ed Sheeran and Bruno Mars, was the biggest in the United States so far in 2020.

The company in March had delayed its initial public offering, as the COVID-19 pandemic rocked capital markets and slammed the brakes on many listings.