August 29, 2025
American Investor Seeks to Void Acquisition of Ximalaya, Inc. by Tencent Music Entertainment Group, Inc. (TME)

On June 4, 2025, Hughes River FM, LLC, an American investor in the Chinese business Ximalaya, Inc., brought a lawsuit in the United States District Court for the Northern District of Illinois, Eastern Division, Case No. 1:25-cv-06217, seeking to void an acquisition by Tencent Music Entertainment Group…
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