Wikileaks and Wikipedia are Two Completely different things.
>they never gave us “ten cents.
Hmmm Isnt tencent a chinese company behind tiktok? I went digging and founf this from yesterday. Maybe they rent Tiktoks parent company but POTUS is probably Jabbing at this. Master Troll
Earlier this month, Tencent Music (NYSE: TME) nixed its exclusive music deals to comply with an “antitrust” penalty from the Chinese government. Now, TikTok parent company ByteDance is reportedly preparing to launch a competing music streaming platform.
Beijing-based ByteDance reportedly intends to launch the music streaming app – tentatively called Feilo and referred to as Luna internally – in China sometime later this year, according to Google’s translation of a Mandarin-language report from 36Kr (NASDAQ: KRKR).
The concise report also notes that ByteDance’s streaming service will utilize a tried-and-proven algorithm from the outset in an effort to reach consumers, while the initially mentioned “invalidation of Tencent’s exclusive copyright may bring new opportunities” as ByteDance looks to “develop its domestic music business.”
Despite the reach of TikTok (known as Douyin in China) and the government order that ended most of Tencent Music’s exclusive deals, it’s unclear whether ByteDance’s rumored music streaming service will be able to develop a meaningful market presence out of the gate.
Tencent Music – which operates the QQ Music, Kugou Music, and Kuwo Music streaming services – boasted 66 million paid users as of Q2 2021, along with 623 million online-music mobile monthly active users (MAUs). Additionally, the order to give up exclusive music contracts has left in place certain deals with indie acts and labels, including a 30-day “exclusive release period for new songs.”
https://www.digitalmusicnews.com/2021/09/17/bytedance-streaming-service/