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March 20, 2019 06:47 am GMT

Spotify rival Tencent Music posts maiden quarter loss of $130M on one-off costs

Tencent Music Entertainment Group, the Chinese answer to Spotify that Tencent spun out and floated on the New York Stock Exchange in December, reported a net loss of 876 million yuan ($127 million) in its first set of quarterly results since going public. The loss, which TME forecasted in its prospectus filed ahead of the IPO, […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/aa6SelMzvpY/

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