---
title: "Tencent Music Shares Rise Over 5% Following Acquisition of Ximalaya"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286839574.md"
description: "Tencent Music Entertainment Group's shares rose over 5% on the Hong Kong Stock Exchange following the announcement of its acquisition of Ximalaya, a major audio content platform in China. This strategic acquisition aims to enhance Tencent Music's content offerings and expand its market presence in the audio streaming sector."
datetime: "2026-05-19T01:35:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286839574.md)
  - [en](https://longbridge.com/en/news/286839574.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286839574.md)
---

# Tencent Music Shares Rise Over 5% Following Acquisition of Ximalaya

Tencent Music Entertainment Group's shares on the Hong Kong Stock Exchange rose by more than 5%. According to Jin10, the increase follows the company's announcement of its completed acquisition of Ximalaya, a leading audio content platform in China. This strategic move is expected to enhance Tencent Music's content offerings and expand its market presence in the audio streaming industry.

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