Tencent Music Stock Year-to-Date Drop Approaches 50 Percent Following Exclusive-Music Crackdown

China’s State Administration of Market Regulation just recently ordered Tencent Music to give up the exclusive rights to a portion of its on-platform music. Now, Tencent Music stock (NYSE: TME) has parted with roughly 50 percent of its value on the year and touched a 52-week low of $9.51 per share. At the time of […]
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