Tencent Music Archives

Tencent May Acquire A 10% Stake in Thailand’s GMM Music for $70 Million

The Thai entertainment company GMM Music announced that Chinese internet giant Tencent and its music entertainment platform Tencent Music Entertainment will acquire 10% of its shares for $70 million.

Tencent Music’s Q2: User Growth and Entertainment Decline

Tencent Music Entertainment Group experiences a mix of joy and worry in Q2, with paid users reaching 99.4 million but social entertainment declining significantly.

Chinese Digital Collection Platforms Retreat Under Strong Supervision

Since October, nearly 20 small and medium-sized digital collection platforms in China have issued announcements regarding scale-backs and liquidations, citing industry risks, low growth rates, stagnated development and other reasons.

NetEase Cloud Music’s First Social Music App Starts Registration

MUS, the first social music app released by NetEase Cloud Music, on September 27 officially opened for registration. MUS, an abbreviation of Music with Us, is designed for matching user groups with similar music tastes.

Tencent Music’s Digital Collection Platform Responds to Sales Suspension

The digital collection platform owned by Tencent Music Entertainment Group is currently in a state of near shutdown. The company said that the digital collection plate is still in the evaluation and planning stage, and subsequent moves will be unveiled in the future.

Tencent Music Entertainment and Billboard to Promote Global Development of High-Quality Chinese Music

Tencent Music Entertainment Group (TME), the leading online music and audio entertainment platform in China, announced on August 31 a new partnership with global music media brand Billboard.

Tencent Music to Launch One-Stop Music Production Services Platform

Tencent Music Entertainment Group (TME) announced on Monday that it plans to launch a one-stop music production services platform called "Qimingxing Music Assistant."

Tencent Music Reports Q1 Revenue of $980M, Net Profit Down 34% YoY

Tencent Music, a digital audio streaming platform operated by Chinese internet giant Tencent, released its unaudited financial report for the first quarter ended March 31, 2022.

Universal Music Greater China Launches New Frontline Label

On Thursday, Universal Music Greater China (UMGC), a division of Universal Music Group (UMG), launched Capitol Records China as a new frontline label focused on developing Chinese music talent.

Tencent Music Adjusts Management: VP Dennis Hau Resigns as CEO, Liang Zhu Takes Over International Business

Tencent Music Entertainment Group (TME) announced that Dennis Hau resigned from the group for personal reasons and Tencent decided to respect his decision following a discussion.

Tencent Music Entertainment Group Announces Cooperation with Apple Music, Unveils Q3 Financial Report

Tencent Music Entertainment Group (TME) announced on Tuesday that record labels and artists who are part of TME Music Cloud can now distribute their music around the world via Apple Music.

Tencent Music Entertainment Releases Q2 Financial Results, Lands New Cooperation with Universal Music

Tencent Music Entertainment Group (TME), China’s biggest online music entertainment platform and Universal Music Group (UMG), today announced a multi-year extension of their licensing agreement.

Tencent Music Second Quarter Earnings Beat Expectations

Tencent Music Entertainment Group, or TME, reported their second quarter 2019 financial results.

Is Music the Next Hot Thing on the Chinese Internet?

Chinese music industry is already gaining attention from foreign investors and it might be on the right track to going global.

Tencent Music Debuts IPO at NYSE

Tencent Music (TME), the music streaming subsidiary of the China tech giant Tencent Holdings Ltd., raised $1.1 billion in its U.S. initial public offering (IPO), pricing shares at $13 per piece on Dec. 12 local time.

Tencent to Spin off its Music Division for an IPO in the U.S.

Tencent Holdings Limited announced on July 8 night that the company will spin off and list its online music entertainment business, Tencent Music Entertainment Group in the United States.

2018 World’s Most Innovative Companies: Tencent Ranks Fourth; DJI and Toutiao Listed

Fast Company released the 2018 edition of the World’s Most Innovative Companies. Among the top 50 most innovative companies, Apple, Netflix, and Square were the top three. Tencent, which has been on the list for four consecutive years, surpassed Amazon and ranked fourth place in the list.

NetEase Cloud Music and Tencent Music Reach Deep Copyright Agreement, but Competition Still Exists

Chinese users no longer need to fret over the choice between downloading music from NetEase Cloud Music or Tencent Music.

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