China's State Administration for Market Regulation (SAMR) issued an announcement on Tuesday (May 12) granting conditional approval to the USD $2.4 billion cash-and-stock deal, nearly a year after Tencent Music first unveiled the transaction in a June 2025 SEC filing.
Tencent Music has explicitly blamed the 'proliferation of unauthorized AI-generated content' for creating 'headwinds' for its music subscription growth.