Tencent Music achieved continued subscriber and profit growth during Q3 2024, per a new earnings report. Photo Credit: TME Despite suffering another revenue decrease on the non-streaming side, Tencent Music has reported double-digit subscriber and […]
Image Source: FromSoftware If there ever were a match made in hell, this might not be it, but it’s certainly up there. According to a report from Reuters, Chinese mobile game company Tencent is working […]
Photo Credit: HYBE Insight K-pop powerhouse HYBE has inked a music distribution deal with China’s Tencent Music Entertainment. According to reports from The Seoul Economic Daily, the deal will see HYBE artists available on streaming […]
Despite facing heightened domestic competition, Tencent Music posted over $1 billion in revenue for Q1 2023, when the Shenzhen-headquartered company is said to have achieved more than 30% year-over-year (YoY) subscription-income growth across its streaming […]
Tencent Music generated CNY 1.09 billion (currently $154.73 million) in net profit during Q3 2022, according to the Shenzhen-headquartered company’s latest earnings report. Tencent Music (NYSE: TME), which operates three China-based streaming services (QQ Music, […]
Photo Credit: Ruslan Bardash China’s Tencent Music Entertainment Group opened on the Hong Kong stock market yesterday to a lackluster debut. Tencent Music made its debut on the Hong Kong exchange after announcing last week […]
About six months after disclosing its intention of spearheading a secondary stock listing, Tencent Music (NYSE: TME) is reportedly preparing to make shares available on Hong Kong’s exchange “as soon as next week.” The seemingly […]
Tencent Music (NYSE: TME) generated over $131 million in net profit during Q2 2022, when a double-digit jump in paid users helped to offset material declines in total users for streaming as well as social […]
Photo Credit: Erwi Tencent Music Entertainment Group has introduced the first Producers Alliance in China’s music industry. The TME Producers Alliance is the first producer alliance in the Chinese music industry to support full-circle high-quality […]
About 10 weeks after rolling out an international distribution service, Tencent Music (NYSE: TME) has officially launched “TME Business Intelligence for Artists.” Tencent Music, which operates QQ Music, Kugou, and Kuwo in China, just recently […]
Beijing, China. Photo Credit: zhang kaiyv With competition between domestic streaming players ramping up, Tencent Music’s QQ Music has officially become the first Chinese service to integrate Dolby Atmos. Dolby and Tencent Music, which operates […]
Photo Credit: Average Person Tencent Music Entertainment Group is renewing its strategic partnership with Time Fengjun Entertainment (TF Entertainment). Tencent Music says it will continue to support young Chinese musicians, and the partnership creates a […]
Tencent Music suffered a 15.1% year-over-year revenue decrease during Q1 2022 after giving up most exclusive music deals, but nevertheless managed to generate $96.32 million (CNY 649 million) in net profit, according to a newly […]
Earlier this month, TikTok owner ByteDance debuted a music streaming service called Qishui Yinyue in China. Now, amid continued legal hurdles and enhanced competition, Tencent Music (NYSE: TME) is zeroing in on the international market […]
Photo Credit: Frank An (NetEase Building) China’s two largest DSPs are fighting. NetEase Cloud Music has sued Tencent Music. Here’s what we know. NetEase’s Cloud Music has sued Tencent Music Entertainment, accusing the latter of […]
Hong Kong CNN Business — Tencent’s stock suffered a sharp drop after the company reported its slowest-ever growth thanks to a bruising crackdown by China on the country’s tech sector. Shares in the Chinese social […]