Bloomberg Tencent Music Entertainment Group, the online-music arm of China’s largest social-media company, filed for an initial public offering (IPO) in a continuing surge of US listings by Chinese companies. The music-streaming site listed its offering size as $1 billion in a filing with the US Securities and Exchange Commission. The amount is a placeholder and may change. Tencent Music ...

Bloomberg China ordered one of its top actresses and her associated companies to pay about 884 million yuan ($129 million) in taxes and fines, capping a months-long tax evasion probe that shook the nation’s blossoming entertainment industry. Fan Bingbing was personally fined about $70 million, with the remainder involving back taxes and fines against companies affiliated with the star, reports ...

Bloomberg Zimbabwe’s cabinet agreed to cut government jobs as part of a program to stabilise the economy, the Information Ministry said. The measures will help Finance Minister Mthuli Ncube reduce a state wage bill that the International Monetary Fund estimates consumes more than 90 percent of government revenue. Ncube is implementing a series of reforms to steady an economy impaired ...