https://techcrunch.com/2017/12/08/spotify-tencent-share-swap/

Tencent’s overseas investment splurge continues after the company confirmed a deal with Spotify that will see the duo make investments in each other’s music businesses.

Tencent Music Entertainment (TME), the Chinese firm’s subsidiary that manages its music streaming and karaoke services, will make an undisclosed minority investment in Spotify through new shares, while Spotify will buy a similar undisclosed stake in TME. Further to that, Tencent will make its own investment in Spotify by purchasing secondary shares from existing backers.