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The “Apple of China” was once the darling of the Chinese technology industry. But slowing sales at home have hampered its ambition to become a $100 billion global company. With an IPO mooted for 2018, can the smartphone maker convince investors it can grow sustainably?
The deal-making suggests the four major music streaming players see consolidation as a way to ensure continued global expansion, and give the companies greater leverage in negotiating licensing deals with record labels.