China Music Corporation Tencent's QQ Music division
Founded
July 2016; 7 years ago (2016-07)
Headquarters
Shenzhen, Guangdong, China
Products
QQ Music, Kugou, Kuwo, WeSing, Ultimate Music
Revenue
CN¥31.24 billion (2021)[1]
Owners
Tencent (57% with 61.6% Shareholders Voting Right) Pacific Alliance Group (9.1% with 11% Shareholders Voting Right) Spotify (16.47%) CICFH entities (6.1% and 7.4% Shareholders Voting Right) Zhenyu Xie (4% and 4.9% Shareholders Voting Right) Dhanin Chearavanont( 4% and 4.7% Shareholders Voting Right)
Number of employees
5,966[1] (December 2021)
Parent
Tencent Interactive Entertainment Group
Website
www.tencentmusic.com
Tencent Music Entertainment Group (TME; Chinese: 腾讯音乐娱乐集团) is a company that develops music streaming services for the Chinese market. Tencent Music's apps include QQ Music, KuGou, Kuwo, and WeSing; which have more than 800 million active users and 120 million paying subscribers.[2][3][4] As of July 2016, Tencent Music's three services held an estimated 56% market share of music streaming services in China.[5]
In the first quarter of 2021, Tencent Music announced it had 60.9 million paying users, up 42.6% compared to the 42.7 million paying users in the first quarter of 2020. In addition, the total number of music streaming users was announced to be 615 million, a drop of 6.4% compared to the first quarter of 2020 (657 million).[6]
^ ab"Tencent Music 2021 Annual Report (Form 20-F)". U.S. Securities and Exchange Commission. 26 April 2022. p. 151.
^"Tencent Music drowns out Spotify and Apple". Bloomberg News. Archived from the original on 2018-08-08. Retrieved 2018-08-07.
^"Revealed: Billboard's 2017 Digital Power Players, Guiding the Future in Music and Tech". Billboard. Archived from the original on 2018-06-14. Retrieved 2018-08-07.
^Lee, Pearl (27 June 2017). "Why China's music streaming is leading the world". Tech in Asia. Archived from the original on 13 June 2018. Retrieved 7 August 2018.
^Soo, Zen (15 July 2016). "Tencent to merge QQ Music service with China Music Corp to create streaming giant". South China Morning Post. Archived from the original on 8 August 2018. Retrieved 8 August 2018.
^"Tencent Music Entertainment Group Announces First Quarter 2021 Unaudited Financial Results". Tencent Music - Press Releases. Retrieved 2021-06-14.
TencentMusic Entertainment Group (TME; Chinese: 腾讯音乐娱乐集团) is a company that develops music streaming services for the Chinese market. Tencent Music's...
online games. It operates the instant messengers Tencent QQ and WeChat, and QQ.com. It also owns TencentMusic. The company surpassed a market value of US$500 billion...
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QQ Music (Chinese: QQ音乐) is one of three Chinese freemium music streaming services owned by TencentMusic, a joint venture between Tencent and Spotify...
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subscription User totals include users of TencentMusic's other music streaming services, Kugou Music and Kuwo Music. Entire music catalog is dubbed to high-fidelity...
Retrieved September 27, 2023. "TMEA 腾讯音乐娱乐盛典 TencentMusic (TME)" [TMEA TencentMusic Entertainment Award TencentMusic (TME)] (in Chinese). Archived from the...
sold 29,000 copies of the digital album containing both tracks on Tencent/QQ Music within the first week of release. The Korean version peaked at 26 on...
Stassen, Murray (16 May 2023). "TencentMusic Entertainment had 94.4m paying music users at the end of Q1, up 17.7% YoY". Music Business Worldwid. Retrieved...
Peak positions on the Billboard/TencentMusic China TME UNI Chart: "Heart Affairs of The Youth (少年心事)". TencentMusic. 28 October 2018. Retrieved 26 April...
positions on the China TME UNI Chart: "You": "2019年第01期 (Week 1 of 2019)". TencentMusic. January 7–13, 2019. Archived from the original on April 27, 2023. Retrieved...
system TME (psychedelics), drugs Transmisogyny exempt TencentMusic Entertainment Group, music distribution company Total mesorectal excision, removal...
TencentMusic. January 24–30, 2022. Archived from the original on April 27, 2023. Retrieved April 27, 2023. "我愿全速奔向你": "2021年第47期". TencentMusic. November...
"2023TMEA腾讯音乐娱乐盛典首日落幕，国际化艺人阵容超越万众期待" [The first day of the 2023TMEA TencentMusic Entertainment Festival concluded, and the international artist lineup...
Top 10 Film Songs in 2019 QQ Music Year-End Charts. In the 2019 Digital Music Report of China launched by TencentMusic Entertainment on 23 March, Zhou...
2022. Peak chart positions on the Billboard/TencentMusic China TME UNI Chart: "Pull Up". TencentMusic. September 16–23, 2018. Retrieved April 26, 2023...
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of Phantom as of March 2023 The China TME UNI Chart was launched by TencentMusic in 2018 and first published by Billboard in November 2022. "SM's latest...
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Generation of the Year award and also performed the song "Jie Meng" at the TencentMusic Entertainment Festival 2019 in Macau, China. After Rocket Girls 101's...
Global Information
CN¥31.24 billion (2021)[1]