How Alibaba and Tencent became Asia’s biggest dealmakers

Entrepreneurs like their valuations but fear being caught in the crossfire between them. Later this year, China Music is expected to be one of several Chinese internet companies that go public with multibillion-dollar valuations. Executives and bankers believe the online streaming service could be worth as much as $30bn, making it one of the most lucrative deals in the … https://on.ft.com/2I6ZkU2

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