(Reuters) – China’s Tencent Music Entertainment Group
missed Wall Street estimates for quarterly revenue on Monday, sending its shares down 2% in extended trade.
Revenue of the company, controlled by Chinese tech giant Tencent Holdings Ltd <0700.HK>, rose about 10% to 6.31 billion yuan ($889.08 million) in the first quarter, but fell short of estimates of 6.33 billion yuan, according to IBES data from Refinitiv.
(Reporting by Akanksha Rana in Bengaluru and Pei Li; Editing by Shailesh Kuber)
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