Heard on the Street: The coronavirus hasn’t stopped the music for Tencent
Tencent Music Entertainment, China’s largest online music company, expects growth in its subscription revenue to accelerate this quarter compared with the previous one.
The fact that many people are stuck at home due to the coronavirus pandemic has likely helped. In results announced Monday after the market close, the Chinese company reported 60% year-over-year growth in subscription revenue for the December quarter, driven by increases in both paying users and average...
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