Tencent Music Entertainment Group, the online music division of China’s largest social-media firm Tencent, has filed on Tuesday for a US$1 billion initial public offering (IPO) in the US. The company plans to raise as much as US$1 billion, in what could be one of the largest US IPO by a Chinese company. The offering size set by the music streaming site is likely a placeholder, according to its regulatory filing with the US Securities and Exchange Commission. Depending on the … Tencent’s Online Music Unit Tencent Music Files For $1B US IPO appeared first on China Money Network.