Chinese Regulators May Require Tencent Music to End Exclusive Deals (Report)

On Monday, Chinese anti-trust regulators were reported to have penalized U.S.-listed Tencent Music Entertainment for its build-up of a dominant position in online music. Among the penalties are fines for the company’s failure to properly report the acquisition of two smaller operations in 2016, and a commitment to end exclusive deals with music labels.

Source: Chinese Regulators May Require Tencent Music to End Exclusive Deals (Report)

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