I have been asking around what people in China( 国内) use for their music and an overwhelming majority use QQ music/tencent music apps. (They don't have YouTube)
Yet the share price keeps dipping as if there is a plague where people are rapidly deleting the all tencent music apps. Either that or the music industry has some kind of similar regulation to the education industry where they have to become not for profit??
I guess markets do overreact alot in situations like this...