Social music firm Smule raises $54M led by Tencent, source says at a $604M valuation, to expand in Asia (Lauren Hirsch/Reuters)

Lauren Hirsch / Reuters:

Social music firm Smule raises $54M led by Tencent, source says at a $604M valuation, to expand in Asia  —  Social media music company Smule has raised $54 million in a financing round led by Chinese technology giant Tencent Holdings Ltd, which it will use to fuel international growth, the company said on Monday.

Source: http://www.techmeme.com

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