Report: China probes Tencent Music over antitrust concern

|About: Tencent Music Entertainmen... (TME)|By:, SA News Editor

Tencent Music Entertainment (TME +1.9%) is under investigation regarding potential market dominance in China, Capitol Forum reports.

That news caused a quick loss of nearly all of today's gains, though shares quickly recovered in part. They're still off their peak of $19.42.

China's State Administration for Market Regulation is examining antitrust issues, according to the report.

Source: Bloomberg

Subscribe for full text news in your inbox