Tencent Music Entertainment Group (NYSE:TME) is looking for M&A opportunities. Cheuk Tung Yip, Chief Strategy Officer said, “In terms of M&A, as we adopt a very prudent approach to, obviously, capital management. We are constantly on the lookout on attractive M&A opportunities.

We're focused on strategic investment opportunities that provide synergies and that are complementary to our core businesses. And the recent acquisition of M&E Mobile Limited fits that criteria”.