As China continues its antitrust crackdown on tech, Tencent was ordered to give up exclusive music streaming rights and pay a fine. The fine stems partly from Tencent’s failure to report to authorities the 2016 acquisition of China Music Corp. The company was fined 500,000 yuan($77,000). Reuters said that regulators claimed Tencent held more than 80% of music library resources after buying...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.


Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.

Recent Popular Stories
Exclusive
startups
venture capital
A Long, Strange Trip for the ‘Uber for Nurses’
Exclusive
startups
Finance
Inside the Culture Clash at JPMorgan and WePay
Exclusive
ai
venture capital
Wall Street Firm Citadel Securities Courts AI Startups for Trading Edge
Exclusive
amazon
entertainment
How Amazon Misread the NFL Ad Market