Antitrust Regulator Orders Tencent Music News Today : Breaking News, Live Updates & Top Stories | Vimarsana

China’s Antitrust Regulator Orders Tencent Music to Give Up Exclusive Rights to Music Labels Posted on 07/12/2021 China’s State Administration of Market Regulation (SAMR), the country’s antitrust regulator, ordered Tencent Music Entertainment Group to give up its exclusive rights to music labels. Tencent Music Entertainment Group is the music streaming unit of Tencent Holdings Limited. SAMR issued a 500,000 yuan penalty to Tencent Music Entertainment Group for misreporting the acquisition of two apps. Get News Stories Delivered to Your Inbox Your Email: We ll deliver the most current and interesting sovereign wealth and financial news straight to your inbox © 2008-2021 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliati

Tencent holdingsTencent music entertainment groupChina state administration of market regulationAntitrust regulator orders tencent musicGive up exclusive rightsState administrationMarket regulationMusic entertainment groupNews stories deliveredசந்தை ஒழுங்குமுறைஇசை பொழுதுபோக்கு குழுசெய்தி கதைகள் வழங்கப்பட்டது