News Snapshot:
Tencent Music Entertainment Group confirmed on Tuesday it is facing heightened scrutiny from Chinese regulators, adding it was “actively co-operating” with them and is committed to complying with all laws “including those related to anti-trust”. This is the first time the Tencent group has publicly commented on the matter. Reuters reported last month that Tencent Holdings, which controls music streaming company Tencent Music , was told by Chinese anti-trust regulators to pay a fine, give up exclusive music rights and sell some of its music assets. Tencent did not comment then. The action against Tencent came amid a sweeping anti-trust...
