China’s Tencent look to buy 10% of Universal Music

As Vivendi finally look to start selling stakes in Universal Music, Chinese media conglomerate Tencent are looking to buy in. Vivendi have been leading up to selling stakes in Universal’s major record label for over…

Tencent Music Entertainment Financials – Karaoke App Strong! Music Subscribers Growing

Tencent Music Entertainment had 652 million mobile monthly active users across QQ Music, Kugou Music and Kuwo Music, which was only 1.2% up year on year. However, paying subscribers grew by 33% year on year…

China’s massive Tencent are looking at a 50% stake in major label Universal

One of the world’s biggest music labels is being eyed up by Chinese conglomerate for a potentially massive stake acquisition. Tencent, the massive Chinese company responsible for much of the biggest music tech happenings in…

Is the Chinese Music Streaming Market a Duopoly?

Short Answer: Yes. Tencent Music Entertainment and Netease Cloud Music control the chinese music streaming market. Between Tencent Music Entertainment (which owns QQ Music, Kugou and Kuwo) and Netease Cloud Music they have over 80%…

RouteNote partners with China’s biggest music streaming services through Tencent

We are thrilled to announce that Tencent Music Entertainment will be joining our ever-growing list of partners. Tencent Music Entertainment are leading the way for digital music in China. Their massively popular apps include QQ…

Tencent’s stock soars making it’s co-presidents billionaires

Tencent’s entry onto the New York Stock Exchange has been up and down but last weeks boost puts them in a great position. Last month Tencent Music Entertainment made their entry on to the New…

Tencent raised over $1 billion their first day on the NYSE

Tencent Music’s highly anticipated entry onto the New York Stock Exchange has finally come after months of postponements. After Spotify’s successful IPO earlier this year other music services have been eyeing up an entry onto…

Tencent’s IPO gets delayed again, likely to 2019

China’s streaming giant Tencent have once again delayed their plans to go public making it likely that we won’t see their IPO this year. Tencent Music Entertainment (TME) are China’s dominating streaming service with over…

Tencent Music Entertainment Pauses Their IPO Until Early in November at least

Tencent Music Entertainment has announced that they are going to pause on their US initial public offering until at least November. Tencent Music Entertainment states that they want to wait for global stock markets to…