China's Tencent Music Entertainment Group reported better-than-expected third-qurter revenue on Monday, as the music streaming company added more paying users. Tencent Music, which has a user base of more than 900 million, has been shifting more of its content behind a paywall since May. The company, controlled by Chinese tech giant Tencent Holdings Ltd, said paid users of its online music service jumped about 42% in the reported quarter.（Reuters）
Comment：
In recent years, Tencent Music has been strengthening IP protection through paid content subscribing with the improving awareness of copyright protection. The reported third-quarter revenue is the result of Tencent's efforts in IP protection.
(Editor Zhang Mingxin)
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