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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.
QQ Music (Chinese: QQ音乐) is one of three Chinese freemium music streaming services owned by Tencent Music, a joint venture between Tencent and Spotify, now majority owned by Tencent. As of 2018 [update] , the service is set to reach over 700 million users with an estimated 120 million subscribers.
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. [102]
Tencent Music Entertainment, China’s largest online music firm, raised its profits by a third in the April to June second quarter of its financial year, despite a marginal decrease in revenues.
Profits at Tencent Music Entertainment, China’s largest digital music company, dropped in the third quarter of its financial year as the company felt the impact of the Chinese government’s ...
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.