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December 21 – According to sources, another oil tanker has been seized by the United States in waters near Venezuela as President Trump intensifies his oil blockade against the government of Venezuelan President Maduro. The seized tanker, the "Bella 1," is a Panamanian-flagged vessel under U.S. sanctions and was en route to Venezuela to load cargo. This interception follows the seizure of the "Century" supertanker early Saturday morning and the seizure of the "Skipper" tanker on December 10. The White House did not immediately respond to a request for comment.On December 21, local time, the Israel Defense Forces (IDF) issued a statement saying that during operations in northern Gaza that day, several suspicious individuals were spotted gathering near the Yellow Line, the ceasefire line. IDF fired warning shots, but three armed men crossed the Yellow Line and approached IDF forces, posing a "direct threat." IDF airstrikes subsequently killed them. The statement also noted that in two other separate incidents in northern Gaza, IDF forces also discovered two armed men crossing the Yellow Line and approaching soldiers. IDF airstrikes subsequently killed them.On December 21, the French presidential palace stated that it would determine the "best way" for French President Macron to hold dialogue with Russian President Putin "in the coming days." The French presidential palace welcomed Russias statement that Putin was willing to engage in dialogue with Macron, and that France believed the aim of such dialogue was to achieve a "stable and lasting peace," and that the content would be "transparent" to Ukraine and Europe.December 21 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 5.6-magnitude earthquake struck off the coast of North Maluku province, Indonesia, at 19:21 local time on December 21. The epicenter was located at 1.47 degrees north latitude and 126.34 degrees east longitude, with a focal depth of 27 kilometers.December 21 - On December 21, MiniMax, a general artificial intelligence company, published its post-hearing information set prospectus for the first time.

Tencent Music's income exceeds estimates due to a rise in subscriptions

Aria Thomas

Aug 16, 2022 10:39

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Tencent Music Entertainment Group (NYSE:TME) quarterly revenue predictions were surpassed on Monday, as a slate of original content and pandemic-driven lockdowns helped its Spotify-like music streaming platform attract more paying customers.


In extended trading, the company's U.S. shares surged by 3% following the report that the number of paying online music users increased by a quarter to 82.7 million as a result of China's tight stay-at-home orders. The revenue generated from music subscriptions grew by 18%.


A push for new content, including a partnership with Tencent Holdings (OTC:TCEHY) to generate music from popular video game titles, was also beneficial to the company.


However, there were signs that tight competition and a slow economy as a result of Beijing's zero-COVID policy were affecting Tencent Music's business.


Sales for social entertainment, the company's largest revenue source and home to its karaoke app WeSing and live concert platform Kuwo Music, decreased by 20%.


Tencent Music claimed that it hopes to boost the division's growth by offering audio live streaming capabilities.


Last year, the company was forced to cede its exclusive ties with major music labels due to regulatory scrutiny, eroding its competitive advantage against Cloud Music and Bytedance's short-video sharing platform Douyin.


According to Refinitiv IBES figures, total revenue for the second quarter ended June 30 was 6.91 billion yuan ($1.02 billion), exceeding analysts' expectations of 6.62 billion yuan.


The company's earnings per American depository share (ADS) were 0.63 yuan, which was above the average estimate of 0.56 yuan per ADS.