Company

Tencent Music Entertainment Group

Headquarters: Shenzhen, China

Founded: July 2016

Employees: 4,769

CEO: Mr. Liang Zhu

NYSE: TME +2.60%

Market Cap

$25.64 Billion

USD as of July 1, 2024

Market Cap History

Tencent Music Entertainment Group market capitalization over time

Evolution of Tencent Music Entertainment Group market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

Market Cap History of Tencent Music Entertainment Group

Detailed Description

Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company was formerly known as China Music Corporation. The company was incorporated in 2012 and is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

Top 1-year algo backtest: +265.99%

$10,000 in October 2023 would now be $36,599 by following this algorithm daily at market close.

Use AI to boost your investing & swing trading, now!

Try Disfold DeepFinance FREE

Stocks & Indices

Tencent Music Entertainment Group has the following listings and related stock indices.


Stock: NYSE: TME wb_incandescent

Stock: BMV: TMEN wb_incandescent

Product & Services

QQ Music, Kugou, Kuwo, WeSing, Ultimate Music

Details

Headquarters:

Matsunichi Building

17th Floor Midwest Dist. of Hi-tech Park Kejizhongyi Rd,Nanshan District

Shenzhen, 518057

China

Phone: 86 755 8601 3388

Fax: 86 755 8601 3399