Tencent Music sued by investor ahead of $1.2 bn US IPO

China’s Tencent Music Entertainment has been sued by Chinese investor Hanwei Guo ahead of its $1.2 billion US initial public offering. Guo claims that Tencent Music Co-president Guomin Xie used misinformation, threats and intimidation to compel him to sell his $26-million equity stakes in Ocean Music, which eventually merged with Tencent Music. Guo had invested in Ocean Music in 2012.