News Snapshot:
Virtual concert production company Wave can now further expand the reach of its live shows into China, thanks to a new investment from Tencent Music Entertainment Group. Wave would not disclose how much Tencent invested in the company this Series C round. Funding tracker PitchBook Data Inc. estimates the company raised $40 million since its 2016 launch and following its Series B , which was closed in June. Tencent is one of the biggest technology investors in the world. Its music label has backed Spotify and also operates its own fleet of Chinese music streaming services and apps, including Kugo...
