Tencent Music Entertainment Group Company Profile & Data: stocks, market cap, financials, digital and more

                        
Company
Tencent Music Entertainment GroupHeadquarters: Shenzhen, 
                        China
                    
Founded: July 2016
Employees: 4,769
CEO: Mr. Liang  Zhu

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                                NYSE: TME
                            
Market Cap$8.97 Billion

                        USD as of April 1, 2022
                    
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                            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.

Wikipedia Introduction

Tencent Music Entertainment Group (TME; Chinese: 腾讯音乐娱乐集团; pinyin: Téngxùn Yīnyuè Yúlè Jítuán) 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. As of July 2016, Tencent Music's three services held an estimated 56% market share of music streaming services in China. In the first quarter of 2021, Tencent Music announced it had 60.9 million paying users, up 42.6% compared to the 42.7 million paying users in the first quarter of 2020. In addition, the total number of music streaming users was announced to be 615 million, a drop of 6.4% compared to the first quarter of 2020 (657 million).

Source: Wikipedia, retrieved on March 31, 2022, 9:05 p.m.