Almost a year ago, Tencent already felt the new power of China’s antitrust authorities. Since then, the tech giant from Shenzhen in southern China, which owns several successful streaming services like Tencent Music, is no longer allowed to sign exclusive music licensing agreements for China with global record labels like Warner or Universal. The ban follows a decree by China’s State Administration for Market Regulation (SAMR), which wants to prevent Tencent Music from further expanding its monopoly in the music industry.
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