The Tencent Music Data Research Institute released the "2021 Chinese Digital Music Annual White Paper" on Tuesday. The report shows that the total number of new Chinese songs reached 1.145 million in 2021.
The music unit of Chinese internet technology company NetEase said Wednesday that it has initiated legal proceedings against Tencent Music Entertainment alleging unfair competition.
Tencent Music Entertainment Group (TME), the leading online music and audio entertainment platform in China, on Tuesday announced its unaudited financial results for the fourth quarter and full calendar year of 2021.
Before the Spring Festival this year, QQ Music held an internal annual meeting. Liang Zhu, CEO of Tencent Music Group, said that staff departure was the requirement of organizational adjustment.
Tencent Music Entertainment Group (TME) issued an announcement on Thursday to adjust the organizational structure of two of its business units, QQ Music and WeSing.
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ByteDance's first music App in China is undergoing an internal test. The APP was named "Soda Music", but not "Fei Le", with much of the research and development of the app completed in September of this year.
Tencent said on Tuesday that it has exited all exclusive music copyright agreements it had been engaged in after Chinese regulators barred it from such deals last month.
Tencent Music Entertainment Group on Monday announced its 2021 Q2 financial report, showing net profits attributable to equity holders of the company reaching 1.12 billion yuan ($173 million), a decrease of 12% year-on-year.
On Monday, Reuters-owned media outlet IFR reported that NetEase Cloud Music has postponed its initial public offering (IPO) in Hong Kong after previously passing the listing hearing on August 1.
On Thursday afternoon, NetEase Cloud Music, a popular Chinese music streaming platform, passed its listing hearing with the Hong Kong Stock Exchange and will start offering shares soon.
China's antitrust regulator is set to order the music streaming arm of Tencent Holdings Ltd. to relinquish its exclusive music rights, Reuters reported on Monday, citing people with knowledge of the matter.
Chinese streaming giant Tencent Music Entertainment (TME) confirmed on Tuesday that it is facing heightened scrutiny from antitrust regulators after reporting better-than-expected first quarter financial results the previous day.
The lawsuit over the music copyright infringement of 72 songs between Alibaba Culture Media Co., Ltd. and Tencent was drawn to a court decision on Jan. 15, where Tencent paid 432,000 yuan in compensation to Alibaba.
Three leading Chinese technology firms, Tencent Music Entertainment Group, online retailer Vipshop, and live-streaming platform Joyy, are currently seeking secondary listings in Hong Kong.