Tencent’s JOOX music app may head to Africa thanks to COVID-19 boom in streams

Coronoavirus is good for someone – Joox is seeing a boom in music streaming following the global outbreak and could lead to their expansion. Another music app owned by the Chinese conglomerate Tencent is seeing…

Tencent now own 10% of Universal Music Group following a drawn-out deal

Chinese conglomerate and major presence in music in Asia, Tencent have set their sets to the West with acquisitions. A long awaited deal has finally been completed that puts Tencent Holdings in an even bigger…

Tencent Music made more than $1 billion from online music last year

The Chinese giant has revealed a phenomenal year of music revenues from 2019 that surpasses a billion dollars. Tencent Music Entertainment is (you guessed it) the music branch of the massive Chinese conglomerate Tencent. With the release…

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…

WeSing Karaoke and its livestreaming-video Apps Are The Biggest News from Tencent Music Entertainment IPO

Tencent Music Entertainment have just announced their IPO, but the biggest news is their ‘social entertainment’ services. WeSing karaoke and its livestreaming-video apps generated $1.18bn from 228 million users. Thus, WeSing and its livestreaming apps…

Tencent Music Entertainment Group (TME) – Files for IPO in United States – Owns QQ Music, Kugou, Kuwo and WeSing

Tencent Music Entertainment Group (TME) has filed their IPO with the Securities and Exchange Commission in the United States. TME listed a placeholder registration for $1bn and applied to list on the New York Stock…