May 13 (Reuters) - China's Tencent Music Entertainment

Group ( TME ) beat first-quarter revenue estimates on

Monday, thanks to steady growth in paid subscriptions and

advertising services on its Spotify-like music streaming

platform.

The audio entertainment platform reported revenue of 6.77

billion yuan ($935.88 million) in the first quarter. Analysts

were expecting revenue of 6.63 billion yuan, according to LSEG

data.

($1 = 7.2338 Chinese yuan renminbi)