China’s Tencent Music Entertainment has been sued by Chinese investor Hanwei Guo ahead of its $1.2 billion US initial public offering. Guo claims that Tencent Music Co-president Guomin Xie used misinformation, threats and intimidation to compel him to sell his $26-million equity stakes in Ocean Music, which eventually merged with Tencent Music. Guo had invested in Ocean Music in 2012.
This short was originally published on Inshorts, based on an article in TechCrunch.
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