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News, jobs and analysis for the global music industry
Tencent Music Entertainment‘s acquisition of Chinese audiobooks and podcasting platform Ximalaya has cleared China’s competition watchdog. China’s State Administration for Market Regulation (SAMR) issued an announcement on Tuesday (May 12) granting conditional approval to the USD $2.4 billion cash-and-stock deal, nearly a year after Tencent Music first unveiled the transaction...
Tencent Music has explicitly blamed the 'proliferation of unauthorized AI-generated content' for creating 'headwinds' for its music subscription growth.