China readies Tencent penalty in antitrust crackdown- sources

SAMR’s investigation partly focuses on Tencent Music Entertainment Group which was spun off and listed in the United States in late 2018, two of the people and an additional two sources close to the business said. The regulator has informed Tencent that it should expect a fine, give up exclusive music rights, and may even be forced to sell the acquired Kuwo and Kugou music apps, said the people.

Source: EXCLUSIVE China readies Tencent penalty in antitrust crackdown- sources

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