Risk of Ruin cover image

Waiting on Value

Risk of Ruin

CHAPTER

Getting Away From Bad Decisions

Tencent Music is a Chinese operator of a online social karaoke app called We Sing. It's the dominant player in subscription music in China with 70% plus market share. The company lost 27% of its subscribers to TikTok and other streaming companies, along with Duian - which caused their stock price to plummet.

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