Spotify and China's Tencent invest in each other as part of 'strategic collaboration'

Spotify and Chinese tech titan Tencent are investing in each other’s music-streaming services as part of what Tencent president Martin Lau calls a “strategic collaboration.” The reciprocal agreement between Spotify, Tencent, and the latter’s subsidiary Tencent Music Entertainment Group (TME) seeks to boost the companies’ respective prospects for growth in key markets around the world. […]