Tencent Music debut strikes a chord with investors
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(Reuters) - Shares of China-based music streaming company Tencent Music Entertainment rose more than 13 percent in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry.The company's shares opened at $14.10, or 8.5 percent above their initial public offering price of $13 per ADRs, giving Tencent a market capitalization of about $23 billion (18.34 billion pounds)- on par with Swedish peer Spotify Technology's ..