China's Tencent ordered to give up exclusive music rights in antitrust crackdown
Beijing (AFP) July 24, 2021
Chinese tech giant Tencent must relinquish its exclusive music label rights, the market regulator said Saturday, after finding that the firm had violated antitrust laws. The ruling is the latest in a crackdown on China's tech sector after years of runaway growth, as Beijing frets over the companies' growing influence as well as the security of troves of sensitive consumer data. Tencent a