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The Bamboo Works

UNCOVERED: Shrinking tencent music looks for sustainable business model | History Defined

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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