Tencent Music Entertainment Group, an online music entertainment platform in China, agreed to invest in WaveXR, a provider of interactive virtual entertainment experiences. Financial terms were not disclosed. "The collaboration with Wave marks an important step forward in our efforts to integrate technology and music, aiming to amplify the immersive music experience for our users, enhance user engagement and promote content consumption. With this strategic partnership, we will further extend the boundaries of music services through virtual performances, and build a broader music ecosystem," TC Pan, TME Group Vice President of Content Cooperation.