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Stock impact report

TrueLake Files Lawsuit Claiming Copyright Infringement by Tencent Music Entertainment ("TME") Subsidiary

Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (TME) 
Last tencent music entertainment group american depositary shares, each representing two class a ordinary shares earnings: 3/16 04:15 pm Check Earnings Report
Company Research Source: PR Web
HONG KONG (PRWEB) November 30, 2022 Beijing TrueLake Culture Development Limited ("TrueLake BJ"), the partner for business operations of TrueLake Holdings Limited ("TrueLake HK"), a leading publisher of Mandarin and foreign language audiobooks by many of the world's best-selling authors, on 28 November 2022 appeared in Guangzhou Internet Court in a hearing to present its copyright infringement case against Guangzhou Kugou Technology Co., Ltd. ("Kugou"), a subsidiary of Tencent Music Entertainment Group ("TME").In the case, TrueLake BJ alleges that Kugou has infringed its copyright by providing unauthorized access to some of its most popular audio recordings. According to numbers made available to the public through the Kugou iPhone app (https://apps.apple.com/cn/app/%E9%85%B7%E7%8B%97%E9%9F%B3%E4%B9%90/id472208016), these works have been accessed or downloaded over five million times by its users. TrueLake BJ has claimed damages of 2.5 million Chinese Yuan.In the United States, TrueL Show less Read more
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