Tencent Music Enjoys Streaming Growth as Social Side Continues Slide
12 November 2024 at 10:36
Tencent Music Entertainment, Chinaβs 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 groupβs high-value βsocial entertainment activities. Net profits in the third quarter of its financial and calendar year, climbed by 35% to RMB1.71 billion ($244 million) on [β¦]