HONG KONG, July 12 — China’s antitrust regulator is poised to order the music streaming arm of Tencent Holdings Ltd to give up exclusive rights to music labels, two people with direct knowledge of the matter said today.
The people said at the time that the gaming and social media leader was lobbying for a more lenient penalty. Still, SAMR on Saturday said it would block Tencent Holding’s plan to merge China’s two biggest videogame streaming site operators — Huya Inc and DouYu International Holdings Ltd — on antitrust grounds, confirming an earlier Reuters report.SAMR began investigating Tencent Music in 2018 but stopped in 2019 after the company agreed to stop renewing some of its exclusive rights, which normally expire after three years, two people with knowledge of the matter previously told Reuters.
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:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China antitrust regulator blocks Tencent gaming site merger | Malay MailBEIJING, July 10 — China’s financial regulator has blocked a merger of the nation’s two largest video game live-streaming sites planned by tech giant Tencent over antitrust concerns, it said today. Beijing has launched a major crackdown on the biggest players in its tech sector after years of...
Source: malaymail - 🏆 1. / 86 Read more »
China evacuates citizens from Afghanistan as US withdraws troops | Malay MailBEIJING, July 10 — China evacuated 210 nationals from Afghanistan as US troops stepped up their withdrawal from the war-torn nation, the airline that carried out the emergency chartered flight said. A Xiamen Airlines flight departed the capital Kabul for the city of Wuhan, Hubei province, on July... Please remove unnecessary pictures of facial of living creatures like humans and animals as they are form of shirk.
Source: malaymail - 🏆 1. / 86 Read more »
China bina kenderaan robotik dasar laut - Utusan DigitalKenderaan robotik dasar laut dibina menggunakan teknologi AI.
Source: UMonline - 🏆 27. / 51 Read more »
Leaders of N Korea, China vow greater cooperation in face of foreign hostilityThis comes on the anniversary of their treaty of friendship, cooperation and mutual assistance.
Source: malaysiakini - 🏆 20. / 51 Read more »
World's largest spirits producer takes shot at China growth with Scotch and baijiuDiageo holds 'whisky summits' to educate drinkers in Asia's biggest market. FMTNews Diageo Scotch China Baijiu
Source: fmtoday - 🏆 5. / 72 Read more »
Why China is hobbling its tech sectorAuthorities have expanded antitrust crackdowns beyond Alibaba, with top policymakers vowing to curb monopolies. FMTNews
Source: fmtoday - 🏆 5. / 72 Read more »