Friday, August 25, 2023

Source: Tencent Music, Cloud Music, and more scrap their virtual lucky draws and other features at a hefty cost, as China cracks down on online gambling (Josh Ye/Reuters)

Josh Ye / Reuters:
Source: Tencent Music, Cloud Music, and more scrap their virtual lucky draws and other features at a hefty cost, as China cracks down on online gambling  —  Chinese online content platforms including Tencent Music (1698.HK) and NetEase's Cloud Music (9899.HK) have removed live streaming features …



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

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