News Tencent published a statement on WeChat announcing that it has written to all "upstream copyright" holders to end their exclusive agreements News Company's investors include mobile device giants OPPO and Xiaomi News China’s State Administration of Market Regulation (SAMR) will also reportedly fine Tencent 500,000 yuan (approx. $77,150) News Application was filed in Hong Kong on Wednesday, May 26 News News comes after Universal and Sony both agreed new multi-year licensing deals in China News Agreement licenses Merlin content via JOOX’s ad-supported and premium tiers, as well as its karaoke feature News Original agreement was established in 2018 News Los Angeles-based tech startup takes total investment raised to date to $22 million