DBL Limited; Our History with Tencent goes way back.

While we know Tencent Music will come to the U.S. stock market, there are still a lot of details we don’t know about yet. We don’t know whether we’re dealing with the NYSE or the Nasdaq. We also don’t know what size the offering will be.
However, some reports have suggested that Tencent Music could garner a valuation of $30 billion. Spotify has a similar valuation, currently trading with a market cap of $31.75 billion. Although oddly, it should also be noted that Spotify owns a stake in Tencent Music, while Tencent Music has a stake in Spotify. It’s the result of a share swap from back in December.
Brian Wu of DBL remembers the Apple we know now basically exists because of Music. The late Steve Jobs and his love for music played a role that many investors likely forget about it. That’s thanks in part to the booming success of the iPhone. But without the iPod, which really put Apple back on the map, it’s likely the iPhone would have never came along. In any regard, Apple Music has quickly chased down other leaders in the space and is now acting as a healthy catalyst to its overall growth profile.
So where does Tencent Music fit in all of this? Apple Music is quickly making up ground in the U.S., where it just passed Spotify for the most paid subscriptions. Apple continues to gain momentum in other markets too, but neither company has the type of dominant position in China that Tencent Music has. “Dominant in China and coming for the rest of the World”, said Wu of DBL

ABOUT DBL LIMITED
The firm was created out of a vision to provide exceptional service to a limited number of clients. The founders understood that exceptional service required time, dedication and skill. The availability of time to serve was a critical element in the firm’s vision. By accepting a limited number of clients and focusing our work only on these clients, the firm was able to deliver the care that the clients deserved and expected.

Mr. Michael Hill
DBL Limited
Sino Plaza
255-257 Gloucester Road,
Causeway Bay, Hong Kong
Tel: +852 8198 2340
michael.hill@dbl-limitedhk.com
www.dbl-limitedhk.com

This release was published on openPR.