China’s Tencent Music Entertainment Group (TME) reported quarterly revenues rose for the start of the year, as the number of paying music streaming subscribers jumped nearly 18% and the company benefitted from the rebounding economic activity as the threat of COVID-19 wanes. Despiting the surge in music subscription revenues helping Tencent Music beat analysts’ expectations for the quarter, the steady decline in revenues from social entertainment services disappointed investors. Shares of the Tencent Holdings Ltd-controlled company were down roughly 3.5% to $7.68 in mid-day trading on the New York Stock Exchange. Related Warner Music Group Is Already Showing Signs of...