Tencent Music Profits Climb 28% in First Quarter as More Users Pay for Streaming

Tencent Music Entertainment, China’s largest online music corporation, got smaller but more profitable in the first quarter of 2024. That continued a trend seen previously in the company’s 2023 accounts. Revenues in the January to March quarter weighed in at $937 million (RMB6.77 billion), a 3% decrease compared with the same quarter last year. But […]...