China’s leading online music firm Tencent Music Entertainment pointed to increased investment as the reason for a no better than flat performance in the first half of the year. Revenues for the Apr…
pointed to increased investment as the reason for a no better than flat performance in the first half of the year.
The company said that it continued to swing its business towards paying subscribers. These reached 47.1 million, an increase of 52% compared with June last year. And average revenue per paying user nudged forward by 8%.
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