Over the past year, Tencent Music Entertainment Group (NYSE: TME), a company that develops music streaming services for the Chinese market, experienced a significant loss in value with shares plummeting by around 73%. Increased competition and mounting regulatory pressures were among the notable factors for the downtrend.  Though the end to this unfavorable phase is not known, Tencent Music is could possible recover in the near-term on the back of the popularity of its services both in China and globally.
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