Why is Tencent’s WeSing karaoke platform so popular in Asia?

WeSing, from Chinese technology conglomerate Tencent, is a social karaoke app, thriving as many KTV venues around Asia close during the pandemic. Karaoke is popular in all forms and among all ages in China. The…

Universal sign deals with Chinese companies Tencent and NetEase

Universal sign two deals with major companies Tencent and NetEase, showing a positive move towards fairness for streaming in China. Universal have signed deals with two Chinese companies, massive in the online streaming market. Chinese…

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…

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…