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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.
During the period, Tencent Music renewed contracts with Sodagreen and Korea’s CJ ENM. Zhou Shen’s digital album Shenself topped sales volume on the platform for this year.
Tencent Music Entertainment, China’s largest digital music conglomerate, managed nearly 7% revenue growth in the July-September quarter as streaming services more than compensated for the ...
NCC Entertainment is a jointly produced management team by Tencent Music Corporation and JYP Beijing Cultural Exchange Ltd located in Beijing, China. [54] It is working to promote its Chinese artists more, despite the ban placed on Korean entertainment and to further promote the Chinese boy group, Boy Story in China. [103]
Tencent Music Entertainment Awards (abbreviated as TMEA), is an awards ceremony founded by Tencent Music in 2019. It is held annually, replacing QQ Music's QQ Music Awards and KuGou's Ku Music Asian Music Awards. Both QQ Music and KuGou are part of Tencent music.
Tencent Music, a subsidiary of Tencent in which Tencent owns a 52.5% stake, trades at 13 times forward earnings despite having a huge amount of cash on its balance sheet and no debt.
In the first quarter of 2018, QQ music, Kugou music and Kuwo music owned by Tencent music had 254 million active users, 227 million active users and 111 million active users respectively. [21] In 2018, 70% of Tencent music's revenue came from users' fees for giving virtual gifts (such as stars and small tangyuan) to artists (or other users).
Tencent Music Entertainment, China’s largest online music corporation, got smaller but more profitable in the first quarter of 2024. That continued a trend seen previously in the company’s ...