In its first quarter since going public, Tencent Music posts net loss of $127M on $785M revenue, mainly due to a one-off share-based charge to label partners (Rita Liao/TechCrunch)

Rita Liao / TechCrunch:
In its first quarter since going public, Tencent Music posts net loss of $127M on $785M revenue, mainly due to a one-off share-based charge to label partners  —  Tencent Music Entertainment Group, the Chinese answer to Spotify that Tencent spun out and floated on the New York Stock Exchange in December …

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