Communication Apr 14, 2021 07:12 PM (GMT+8) · EqualOcean
Tencent Music, Tencent's joint venture with Spotify, has also been preparing for an antitrust investigation into its licensing deals. In recent months, the company, therefore, deliberately waived some potential licensing agreements. After Alibaba paid a record fine of USD 2.8 billion because of antitrust violations, authorities are now ready to investigate other companies. Last month Tencent already had a meeting with antitrust regulators, who issued the company a fine for not proactively seeking approval in previous acquisitions. In general, it is said that Tencent has a good relationship with government authorities. But it would be interesting to see what is next for them after the investigation is over. This briefing is contributed by and first appeared on CIMK.

Source: CIMK

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