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Tencent Music shares fell 1.5% in premarket trading.

Tiger Newspress2021-07-12

Tencent Music shares fell 1.5% in premarket trading.

Chinese regulators are set to order Tencent Holdings Ltd. to give up exclusive rights to music labels, Reuters reported, citing people with knowledge of the matter.

Tencent Music has long held a commanding lead in Chinese music through exclusive rights to a major chunk of Universal Music Group, Sony Music Entertainment and Warner Music Group Corp.’s catalogs, which it then sublicenses to smaller platforms including those operated by NetEase, Alibaba and Xiaomi Corp. That dominance was weakened when NetEase struck deals to directly license songs from Universal and Sony.

The regulator on Saturday blocked Huya Inc.’s proposal to acquire rival DouYu International Holdings Ltd., killing a deal that would have helped cement Tencent’s lead in video game-streaming.

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评论30

  • ZZX86
    ·2021-07-14
    Oh dear
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  • JunLong
    ·2021-07-13
    Let's go 
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  • Deonc
    ·2021-07-13
    TME is good company, but was effected by negative news.But the company still operate in business as per normal and customer still growing.Ignore the short term volatility and if you can load up on the dips. Good company will definitely rise in the long run so hold strong. Please like and comment. if you agree.
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  • Simon2021
    ·2021-07-12
    Lose lots of money on it
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  • 7427d960
    ·2021-07-12
    Omg
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  • Viboon
    ·2021-07-12
    Wait and see.....
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  • gupzbajaj
    ·2021-07-12
    Is HUYA still worth buying?
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  • bryanckc
    ·2021-07-12
    Oh no
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  • Upswing118
    ·2021-07-12
    Patience Good things come to those who wait 
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  • money2me
    ·2021-07-12
    how ah 😭😭😭
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  • Baby Step 4
    ·2021-07-12
    Hang in there guys 
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  • CM_clement
    ·2021-07-12
    Not good!
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  • KS_Lee
    ·2021-07-12
    Something must be brewing behind all these clamp downs by Chinese authorities. 
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  • Syin23
    ·2021-07-12
    Huya and Douyu sad[流泪] 
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  • Jac_jk
    ·2021-07-12
    What is the price to enter for Tencent music ? 
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  • Ahvi
    ·2021-07-12
    $Tencent Music(TME)$this is annoying but not the time to panic. If you can afford it, average down. This is all assuming you continue to believe in the fundamentals of this company. In the long run, I do not think it is the aim of the Chinese government to break their fast growing companies. They are trying to get them to conform to the Chinese legal regime. Ultimately it will be in the interest of the governmentto promote a pro-business atmosphere and toensure continued growth in the economy. Dyodd and good luck!
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    • suetyee
      Ok
      2021-07-12
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    • 海星辰
      这么多年过去了。还是龙头。
      2021-07-12
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  • ECA
    ·2021-07-12
    Scared but good time to buy the dip! Long term Chinese stocks will be strong as China becomes the biggest economy in the world dethroning the US
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    • tkj
      question is where is the bottom for this stock? I think the Chinese govt is not done with Tencent yet
      2021-07-13
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    • LimLS
      nobody knows. I also think it can go lower too. how much lower is anyone's guess. But I will buy the dip, at smaller batches as it goes lower. Spread out your buys, don't go all in
      2021-07-13
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    • ECA
      I think thats the best approach. Just accumulate whenever there is discount
      2021-07-13
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  • Buy in weakness
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  • BinC
    ·2021-07-12
    U should only drop 10 cents... not 10 percent...
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