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Tencent Music Entertainment’s Slowing Growth Spooks the Bulls

By Michael Shares of Tencent Music Entertainment (NYSE: TME) recently stumbled after the Chinese streaming music giant posted its second-quarter numbers. The headline numbers weren’t too bad: Its revenue rose 31% annually to 5.9 billion RMB ($859 million), topping expectations by $18 million, as its adjusted net profit rose 6% to 1.1 billion RMB ($164 million), or $0.10 […]

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Via:: EntertainmentNutz