Tencent Music Entertainment launches livestreamed concerts, over 100m viewers already

China’s huge entertainment brand is counteracting the lack of concerts in a post-COVID 2020 with massively popular online concerts. Tencent Music Entertainment (TME) is the music branch of China’s huge tech conglomerate China. With live…

Tencent’s Incentive Project pays out over $84m to indie artists

Tencent Music Entertainment has announced it has paid out 590 million yuan (over $84 million) to indie artists in their Tencent Musician Program. Tencent Musician is the online service that promotes emerging independent artists on TME…

Tencent eye up stake in China’s biggest video streaming service iQIYI

Tencent Holdings are looking beyond music at a stake in what has been described as China’s equivalent to Netflix. Tencent Holdings are notorious for making investments in some of the biggest tech and digital companies…

How much of the music industry does Tencent really own?

Beyond their own huge music services Tencent has huge stakes in Universal, Warner, Spotify and others. Tencent is a huge Chinese company and with their music sector, Tencent Music Entertainment (TME), they are making its…

Tencent confirm $100 million stake in Warner Music Group

The Chinese conglomerate has confirmed a considerable stake in WMG following the launch of their IPO earlier this month. Chinese music giant Tencent Music Entertainment have spread their fingers into yet another pot of the…

Tencent have gained 50% more paying users in the last year with 657m total users

Tencent’s latest report shows paying users are growing steadily converting more of their almost 700 million users than last year to pay for music. Chinese music streaming company Tencent Music are behind some of China’s…

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…

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%…

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…