Tencent Holdings and its majority-owned music arm Tencent Music Entertainment have ended all exclusive deals held with global labels in China. After being hit with an exclusivity ban by China’s State Administration of Market Regulation (SAMR) in July, Tencent published a statement on WeChat on Tuesday (August 31) announcing that as of August 23, it had officially written to all “upstream copyright” holders to end their exclusive agreements. In July, Tencent was fined 500,000 yuan (approx $77,000) by SAMR and given a 30 day-deadline to give up its exclusive deals in China, following an antitrust clampdown in the nation. TME...