CHINA'S TENCENT ORDERED TO END EXCLUSIVE MUSIC CONTRACTS
AppleMagazine|AppleMagazine #509
Internet giant Tencent was ordered by regulators to end exclusive contracts with music copyright holders, adding to increased enforcement of anti-monopoly and other rules as Beijing tightens control over booming online industries.

Tencent controls more than 80% of “exclusive music library resources” following its 2016 acquisition of China Music Group, the State Administration for Market Regulation said. It said that gives Tencent the ability to get better terms than competitors receive or to limit the ability of rivals to enter the market.

Tencent Holdings Ltd., best known abroad for its WeChat messaging service, has a sprawling business empire that includes games, music and video. It is among the world’s 10 most valuable publicly traded companies, with a stock market value of $680 billion.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM APPLEMAGAZINEView All

ELIZABETH HOLMES' TRIAL TO DISSECT DOWNFALL OF A TECH STAR

Just six years ago, Elizabeth Holmes seemed destined to fulfill her dream of becoming Silicon Valley’s next superstar. She was the subject of business magazine cover stories describing her as the youngest self-made female billionaire in history, former President Bill Clinton was reverently quizzing her about her thoughts on technology, and then Vice President Joe Biden was hailing her ideas as an inspiration.

4 mins read
AppleMagazine
September 10, 2021

MISSION CONTROL: APPLE HEALTH INSIGHTS ABOARD INSPIRATION4

Apple might be best known for its consumer electronics like iPhones and iPads, but behind the scenes, the Cupertino company is extending its interests far beyond.

6 mins read
AppleMagazine
September 10, 2021

RESEARCHERS COMPLETE FIRST-EVER DETAILED MAP OF GLOBAL CORAL

Researchers have completed a comprehensive online map of the world’s coral reefs by using more than 2 million satellite images from across the globe.

3 mins read
AppleMagazine
September 10, 2021

AMAZON TO OPEN 2 CASHIER LESS WHOLE FOODS STORES NEXT YEAR

There will be something missing at two Whole Foods stores opening next year: the rows of cashiers.

1 min read
AppleMagazine
September 10, 2021

NO CASHIERS, PLEASE: FUTURISTIC SUPERMARKET OPENS IN MIDEAST

The Middle East got its first completely automated cashier-less store, as retail giant Carrefour rolled out its vision for the future of the industry in a cavernous Dubai mall.

2 mins read
AppleMagazine
September 10, 2021

CHINA'S ALIBABA PROMISES $15.5B FOR DEVELOPMENT INITIATIVES

E-commerce giant Alibaba Group said it will spend $15.5 billion to support President Xi Jinping’s campaign to spread China’s prosperity more evenly, adding to pledges by tech companies that are under pressure to pay for the ruling Communist Party’s political initiatives.

2 mins read
AppleMagazine
September 10, 2021

SOLAR COULD POWER 40% OF US ELECTRICITY BY 2035

Solar energy has the potential to supply up to 40% of the nation’s electricity within 15 years — a 10-fold increase over current solar output, but one that would require massive changes in U.S. policy and billions of dollars in federal investment to modernize the nation’s electric grid, a new federal report says.

2 mins read
AppleMagazine
September 10, 2021

‘SHANG-CHI' ADDS A THRILLING HERO TO MARVEL UNIVERSE

If the Marvel Cinematic Universe has taught us anything it’s that heroes arise from unexpected places. For their 25th film entry, that place is valet parking.

3 mins read
AppleMagazine
September 10, 2021

2 Alaska Towns Allow Texts to 911 When Calling Not an Option

Residents in Wrangell and Petersburg now have the ability to text 911 for help when calling isn’t an option.

1 min read
AppleMagazine
September 10, 2021

As Flood Alerts Lit Up Phones, Did ‘Warning Fatigue' Set In?

Cellphones across New York and New Jersey pulsed with urgent warnings of catastrophic flooding as the fury of Hurricane Ida’s remnants, carrying torrential rains, upper New Jersey and New York City.

4 mins read
AppleMagazine
September 10, 2021
RELATED STORIES

Beijing's Tech Crackdown

After spending years emulating Silicon Valley, China is charting its own course

8 mins read
Bloomberg Businessweek
August 02, 2021

CHINA SUMMONS TECHNOLOGY FIRMS OVER VOICE SOFTWARE SECURITY

Chinese authorities summoned 11 companies including Alibaba and Tencent for talks regarding the security of voice software, as Beijing steps up scrutiny over the internet sector.

1 min read
Techlife News
Techlife News #490

China Comes For Its Tech Giants

The Chinese government’s crackdown on the country’s largest technology companies has raised fears that the industry could be paralyzed or cast into disarray as the economy enters a delicate moment. But one contingent within the tech sector is privately cheering on a broad set of anti-monopoly edicts: startups and their investors.

2 mins read
Bloomberg Businessweek
January 25, 2021

STUDY: WECHAT CONTENT OUTSIDE CHINA USED FOR CENSORSHIP

Documents and images shared by users outside China on WeChat, the country’s most popular social media platform, are being monitored and cataloged for use in political censorship in China, a new report says.

1 min read
Techlife News
Techlife News #446

When Anime Becomes a Refuge For Patriotism

In addition to entertainment, China’s Bilibili offers nationalism to its young audience

5 mins read
Bloomberg Businessweek
May 04, 2020

CHINA TARGETS TECH GIANTS IN APP PRIVACY CRACKDOWN

CHINA TARGETS TECH GIANTS IN APP PRIVACY CRACKDOWN

1 min read
Techlife News
December 21, 2019

A Note From The Bubble Opportunity Hedge Fund

Why we all love to spot other investors’ mistakes

5 mins read
Bloomberg Businessweek
September 23, 2019

Tencent Owns China, But It Wants The World

It’s up to the company’s president, Martin Lau (left, in his Hong Kong office), to help Tencent do what no other Chinese business has done: become a worldwide consumer-tech power.

10+ mins read
Bloomberg Businessweek
July 03 - July 16 2017

The Chinese Are Skipping Cash For Fintech

The Chinese are skipping straight from cash to digital finance.

5 mins read
Bloomberg Markets
October 2015

BIG TECH IN THE CROSSHAIRS

In recent years, Big Tech has been a byline for both technological advancement, national strength, and globalization. At the same time, Big Tech’s monopolistic practices and perceived political manipulation have greatly affected public opinion of them.

4 mins read
SME Magazine Singapore
Issue 31, 2021