Tencent Holdings Ltd. (00700.HK) is looking at launching a family package for music sharing on the QQ Music platform, the Hong Kong Economic Journal reported.
The new initiative will be something akin to what Apple Music has been offering with its monthly plan, according to the paper.
QQ Music, a music streaming app, currently charges 10 yuan a month for individual users, while Baidu Music’s monthly fee is even lower.
Dowson Tong Taosang, senior executive vice president at Tencent, was quoted as saying that QQ Music has 300 million active users, giving it leadership position in the China market.
The company has collaborated with Duomi Music on copyright issues and is open to cooperation with other music apps, including Alibaba Group’s Xiami Music, the executive said.
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