Realizing that licensing from record labels is no longer enough for China's music fans, web giants led by Tencent and NetEase are creating their own music labels, which can bring more lucrative returns than playing songs from Rhianna or Katy Perry.
from Forbes Real Time https://www.forbes.com/sites/ywang/2018/02/08/tech-giants-creating-their-own-labels-to-conquer-chinas-digital-music-market/
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