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Benzinga
Benzinga
Business
The Bamboo Works

Shrinking Tencent Music Looks for Sustainable Business Model

Tencent Music Tencent China Baidu

Key Takeaways:

  • Tencent Music’s revenue and profit fell 15% and 34%, respectively, in the first quarter, after the company was ordered to stop its anti-competitive practices last year
  • Company is shifting focus to providing more products and services for music lovers in bid to create a sustainable business model in the current environment
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