UPDATE 3-China's Tencent Music revenue beats estimates on jump in paying users Adds comments on AI integration in paragraphs 2, 7-11 By Josh Ye and Samrhitha A May 16 (Reuters) - China's Tencent Music Entertainment Group 1698.HK , TME.N topped quarterly revenue estimates on Tuesday as the Spotify-like music streaming platform benefited from growth in paying users, sending its U.S.
China's Tencent Music beats quarterly revenue estimates May 16 (Reuters) - China's Tencent Music Entertainment Group 1698.HK , TME.N on Tuesday reported higher revenue after five straight quarterly declines, driven by growth in paying users on its Spotify-like music streaming platform. Total revenue of the company, controlled by Chinese tech giant Tencent Holdings Ltd 0700.HK , stood at 7 billion yuan ($1.01 billion) in the quarter ended March 31, compared with analysts' estimates of 6.86 billio
BRIEF-Tiger Global Management Ups Share Stake In Alphabet, Takes In Nvidia; Dissolves In Match Group May 15 (Reuters) - Tiger Global Management LLC: TIGER GLOBAL MANAGEMENT LLC UPS SHARE STAKE IN ALPHABET INC TO 8.4 MILLION SHARES OF CLASS A CAPITAL STOCK FROM 3.7 MILLION SHARES OF CLASS A CAPITAL STOCK TIGER GLOBAL MANAGEMENT LLC TAKES SHARE STAKE
BRIEF-Soros Fund Management LLC Raises Share Stake In Qualcomm, Nike; Cuts In Spotify May 12 (Reuters) - Soros Fund Management LLC: SOROS FUND MANAGEMENT RAISES SHARE STAKE IN QUALCOMM INC BY 50.5% TO 104,350 SHARES - SEC FILING SOROS FUND MANAGEMENT RAISES SHARE STAKE IN NIKE INC TO 166,720 CLASS B SHARES FROM 63,720 CLASS B SHARES SOROS FUND MANA
Judge dismisses lawsuit over Block's 'terrible' purchase of Jay-Z's Tidal By Jonathan Stempel May 9 (Reuters) - A Delaware judge on Tuesday dismissed a shareholder class action seeking to hold Jack Dorsey and other board members at Block Inc SQ.N liable for approving the payments company's purchase of Jay-Z's streaming service Tidal. Chancellor Kathaleen McCormick in Delaware Chancery Court said the Florida pension fund leading the case did not show that Block's directors acted in bad faith thou
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