News Formal

Tencent Music takes copyright rules in stride, earnings beat estimates

  • 📰 Reuters
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Tencent Music Entertainment Group said China's copyright rules were unlikely to have a big impact on its online subscriptions. The company’s second-quarter profit beat Wall Street expectations $TME

said on Monday China's copyright rules were unlikely to have a big impact on its online subscriptions, and its chief executive believes regulators want to promote healthy development of the music industry.

Shares in Tencent Music rose 3.1% in extended trading after its earnings release, paring back losses that saw it fall 9% earlier on Monday. "Tencent Music is now focusing on content creation and user experience improvement," Zhao said. "They are on the right road as the fight over copyright is over."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves after hours: Tencent Music, Roblox & moreCheck out the companies making headlines in after-hours trading.
Source: CNBC - 🏆 12. / 72 Read more »