Tencent Music Confirms ‘Strategic Investment’ in Rival Douban FM

Tencent Music’s strategic investment may finally help Douban FM compete in the Chinese streaming music market. As of late, Tencent Music Entertainment (TME) has enjoyed a good ride. Two months ago, the music division of Chinese conglomerate Tencent Holdings launched its IPO.  It didn’t go as well as executives had hoped.  The company unveiled the […]

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