Tencent Music Entertainment Group
New York Stock ExchangeCapital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Zhu Liang
- Full Time Employees
- 5,690
- Sector
- Communication Services
- Industry
- Internet Content & Information
- Address
- Building D Shenzhen GD People's Republic of China 518057
- IPO Date
- Dec 12, 2018
- CIK
- 0001744676
- Website
- tencentmusic.com
- Similar Companies
- Business
- Tencent Music Entertainment Group (TME) operates leading online music and audio entertainment platforms primarily in China. The company provides music streaming through QQ Music, Kugou Music, and Kuwo Music; online karaoke via WeSing; long-form audio content including audiobooks, podcasts, and talk shows on Lazy Audio; music-centric live streaming on Kugou Live and Kuwo Live; and music-oriented video content such as music videos, live performances, and short videos. Additional services encompass TME Music Cloud for global digital distribution to over 200 platforms, Ultimate Music for B2B solutions with smart devices and automakers, Tencent Musician for artist monetization and support, Quyimai for commercial music licensing, TME live for panoramic concerts, TMEA awards, TME UniChart and Wave Chart for music rankings, and initiatives like TME Institute of Music and Tencent Music for Nonprofits. TME targets consumers, artists, labels, and enterprises across music streaming, social entertainment, and live events segments. Founded in 2016 and headquartered in Shenzhen, the company conducts operations mainly in China with international reach through distribution and partnerships. Recent developments include a 2024 strategic partnership and 10% stake acquisition in GMM Music with Tencent to expand in Southeast Asia; a May 2025 purchase of a $177 million stake in K-Pop giant SM Entertainment from Hybe; enhanced label and artist partnerships with contract renewals; and robust growth with Q3 2025 revenues up 20.6% to RMB8.46 billion, driven by Super VIP subscriptions and online music services up 27.2%.
Company News
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