Agreement opens door to more music streaming

September 13, 2017

China’s tech duo, Tencent Holdings and Alibaba Group Holding, have reached an agreement about shared music licensing, a move that is likely to have a huge impact on the country’s music streaming sector and jumpstart its paid-for music segment. In a joint statement on Tuesday, Tencent’s subsidiary Tencent Music Entertainment Group said it will sub-license music…

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