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Tencent Music Profits Increase 10% in First Quarter

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variety.com
variety.comvariety.com:

Patrick Frater Asia Bureau ChiefThe Chinese government’s increasing regulation of the tech sector is a current concern for China’s major internet and online entertainment companies.

But the latest quarterly results announcement for China’s biggest digital music company, Tencent Music Entertainment pointed to business as usual, at least for the moment.First quarter revenues, spanning the January to March 2021 period, at Tencent Music grew by 26% year on year.

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