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Reuters) China’s Tencent Music Entertainment Group, reported a 5.5% increase in quarterly revenue thanks to a rise in user subscriptions but warned that future revenue will shrink because of tighter…
Reuters) China’s Tencent Music Entertainment Group, reported a 5.5% increase in quarterly revenue thanks to a rise in user subscriptions but warned that future revenue will shrink because of tighter live-streaming controls.The Spotify-like music streaming company controlled by Chinese tech giant Tencent Holdings is making adjustments to its live-streaming business in order to “better control potential risks the platform may face in the future,” Tony Yip…
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