Tencent Music Enjoys Streaming Growth as Social Side Continues Slide

Tencent Music Entertainment, China’s largest digital music conglomerate, managed nearly 7% revenue growth in the July-September quarter as streaming services more than compensated for the continuing retreat of the group’s high-value ‘social entertainment activities. Net profits in the third quarter of its financial and calendar year, climbed by 35% to RMB1.71 billion ($ 244 million) on […]
Variety