Why the end of Tencent’s exclusive music deals not the panacea for China’s smaller music-streaming apps

Source: Tech – South China Morning PostSmall operators of music-streaming apps in China will soon be able to offer some of the most popular tracks that were controlled for a long time by Tencent Holdings, but analysts said these firms still face an uphill battle to challenge the internet giant in this market.On Saturday, China’s antitrust watchdog the State Administration for Market Regulation (SAMR) slapped Tencent with a 500,000 yuan (US$77,117) fine and ordered the company to end its exclusive music licensing deals with global…Read More

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