Tencent Music Posts Slowest Growth In 2 Years Amid ByteDance Competition
China’s leading online music site recorded its slowest growth in two years as it continued to lose market share to the Douyin parent image credit: Bamboo Works Key Takeaways: Tencent Music’s revenue rose
Tencent Music's business is growing slower than before because a competitor (ByteDance) is taking away some of its customers. When a company slows down like this, it's worth watching to see if it can find new ways to win back listeners.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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