Socialgist data partner Tencent purchases stake in Universal Music Group

Phil Berliner
By Phil Berliner On January 08 2020 On Data, news, M&A, Tencent
China's social media, conversational data, and entertainment content powerhouse Tencent purchased a 10% stake in Universal Music Group on December 31, 2019.  The purchase follows Tencent's significant investments in the automobile and gaming industries, among others, including a U.S. $1.78 billion financial interest in Tesla.
The purchase is seen as a sign of positive growth in the music industry, according to Billboard.
For more information on accessing Tencent data via API, please visit 


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