Tencent Music given 30 days to give up exclusive music licensing rights Details 26 July 2021 Tencent has been ordered by China's antitrust regulator The State Administration for Market Regulation (SAMR) to give up its exclusive music licensing rights. It has also been fined for unfair market practices in the online music market after acquiring China Music Corporation in 2016. In a statement, SAMR said after investigating the tech giant's activities in the online music broadcasting platform market in China and the acquisition of China Music five years ago, as Tencent currently owns more than 80% of exclusive music library resources, such dominance offers Tencent an advantage over its competitors while it is able to reach more exclusive deals with copyright holders as music copyright is the core asset.