Tencent Music Takes a Stake In Wave ࢀ" Get Ready for Avatar Concerts In China

November 19, 2020 Tencent Music has made a ࢀœminority equity investmentࢀ in LA-based virtual-concert startup Wave. Tencent Music and Wave unveiled the investment and strategic partnership this afternoon, in a general release . Big-name backers including Scooter Braun , Alex Rodriguez, and Twitch cofounder Alex Lin participated in a $30 million Wave funding round over the summer. And upon announcing the multimillion-dollar investment, Wave indicated that it intended to expand into Asia (and particularly China and Japan) moving forward. Now, having organized over 50 virtual events ࢀ" complete with animated stages, artist and crowd avatars, effects, and more ࢀ" Wave…