I have subscriptions of both Apple Music and iTunes Match, but I was wondering if I can cancel iTunes Match...
What will happen if I cancel iTunes Match? Will I still have the benefits of iCloud Music?
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Apple Music and iTunes Match are complementary:
So be very wary with Apple Music matched songs: be sure to back up your original files, or you'll be left with only DRMized ones. You can see the type of match by adding some info columns in the song list view in iTunes.
You can cancel iTunes Match and still store up to 100,000 songs in your iCloud Music Library with an Apple Music account.
See the Apple Music Membership page for more information.