Blackstone Eyes $2 Billion ZO Skin Health Sale 
OpenAI Weighs AI Development Slowdown Over Safety Risks 
U.S. Accuses Chinese AI Firms of Extracting Model Capabilities 
China Buys 1 Million Tons of U.S. Soybeans Ahead of Xi Visit 
Asian Stocks Slide as Oil Surge Fuels Rate Hike Fears 
OpenAI Agents Linked to RubyGems Cyberattack 
Can Europe shake its Russia links for good? 
Asian Stocks Fall as Oil Tops $100, Yields Rise 
Google Revamps EU Search Results to Meet DMA Rules 
US Treasury Yields Near 5% as Oil Fuels Inflation Fears 
Optus Apologises After Network Outage Disrupts Emergency Calls 
OpenAI Agents Used Websites for Unauthorized Communications 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Asian Currencies Steady as Yen Holds Firm, Oil Tops $100 
Hyundai Delays In-House ADAS, Turns to Nvidia 
Add as a preferred source on Google
NetEase Cloud Music accused Tencent Music Entertainment of plagiarizing its mobile app design and unfair competition practice; thus, it has filed a suit to make things right. The legal battle has further intensified the rivalry between the two Chinese tech giants.
NetEase Cloud Music and Tencent Music have long been competing in the business. They are also always up against each other in trying to sign up well-known musicians and increasing the number of their users.
As per Reuters, NetEase Cloud Music said that there are features on Tencent Music’s suite of music streaming apps that let its users avoid or bypass copyright restrictions. The company said that with this feature, users are still able to play songs that are licensed by NCM.
"We urge TME to immediately rectify its products and businesses and stop all behaviors of unfair competition," NetEase Cloud Music post on its Weibo account reads.
It was noted that Tencent Music was also fined last year by the country’s anti-trust regulatory board. Apart from the fine, the company was also prohibited from signing exclusive music copyright agreements, which caused it to terminate all such deals.
At any rate, Market Watch mentioned that the company further shared on Weibo that Tencent Music Entertainment has been allowing the streaming of songs that were licensed only to NetEase’s Cloud Village Inc. unit. The music streaming service added that TME copied some features and even the design of its app.
With these complaints, NetEase Cloud Music is urging Tencent Music to put a stop to all of its unfair competition practices. The company also called on its rival to fix its products and businesses.
In its response to the call, the spokesperson of Tencent Music said that NetEase Cloud Music’s statement is just a “staged trick.” It appeared that Tencent Holding’s music unit thought it had done nothing wrong and denied the accusations by saying it "believes in the justice of the law."
Meanwhile, Tencent Music Entertainment is currently the largest music streaming service in China. In 2021, the company grew by 7.2% to $4.9 billion. As for NetEase’s music division, it has also flourished with a 43% surge to $1.1 billion last year but has been posting losses as well.
