These shares were obtained as part of a “distribution in kind” of Spotify stock via a fund. The bulk of these shares (9.08m, or 54.6% of Tencent’s stake) were owned by Image Frame Investment (HK) Limited, a wholly-owned subsidiary of Tencent Holdings Ltd.Ī further 3.23m Ordinary shares (19.4%) were owned by Tencent Mobility Ltd – another fully-owned subsidiary of Tencent Holdings Ltd.Īnd another 51,609 (0.3%) shares were held by Distribution Pool Ltd – also fully-owned by Tencent Holdings. This factoid is then made more interesting when we look closer at how Tencent’s stake in Spotify is made up.Īccording to the SEC filing, in total, Tencent Holdings controlled 16.63m shares in Spotify at the end of 2019. It shows that Tencent Holdings Ltd owned 9.1% of common stock in Spotify at the end of 2019. That’s thanks to a new Spotify SEC filing posted earlier today (February 10) and dated December 31.

We can now build a detailed picture of the exact stake Tencent owned in Spotify at the close of last year – and precisely how this stake was in turn co-owned by subsidiaries of the Chinese firm.

Who owns spotify