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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 operates under a freemium business model in which basic services are free whilst enhanced features are available on a subscription. However unlike similar subscription service Spotify, labels have the ability to restrict its content to be restricted to subscribing users (known as VIPs or green diamonds) or be purchasable on their website which usually costs around 19 to 20 yuan.
KuGou (Chinese: 酷狗音乐) is a Chinese music streaming and download service established in 2004 and owned by Tencent Music. [1] [2] It has more than 800 million users. [1] A merger between China Music Corporation and Tencent's QQ Music (QQ音乐) was announced on July 15, 2016. [1] [3] The services are expected to continue being offered ...
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 ...
Joox (stylised in all caps) is a music streaming service owned by Tencent, launched in January 2015. [1] Joox is the biggest music streaming app in Asian markets such as Hong Kong, Macau, Indonesia, Malaysia, Myanmar, Thailand and also in South Africa before it was shut down in early 2022.
HONG KONG (Reuters) -China's antitrust regulator is set to order the music streaming arm of Tencent Holdings Ltd to give up exclusive rights to music labels which it has used to compete with ...
Tencent Music Entertainment Group (NYSE:TME) reported a fiscal third-quarter 2024 revenue growth of 6.8% year-over-year to $1.00 billion (7.02 billion Chinese yuan), beating the analyst consensus ...
Extraterrestrial was number 2 on Tencent Music's 2020 Year-End Chart, which ranks the albums based on the sum of the five highest-scored songs on each album. "Extraterrestrial" was among the Top 10 Music Videos of the Year and the Top 10 Karaoke Songs of the Year while "Ambition" and "Paper Boat" were among Top 10 Movie Soundtrack of the Year ...