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 account for 71.3% of Tencent Music’s revenues for 2017. WeSing and livestreaming apps have over 9.2 million paying social-entertainment customers and generate even more sales via virtual gifts and premium WeSign memberships.

Both ‘social entertainment’ and recorded music categories are growing very fast as they were up by 92.2% and 87.2% respectively in the first half of 2018.

Im your friendly RouteBot. Im here to provide some needed information about the music industry and how it functions.

How Do I Get My Music onto YouTube Music for FREE

Artists and Labels can now get their music onto YouTube Music completely for free via RouteNote. Steps: Create or Login to your RouteNote Account Create a new release and Upload your music Select Google Play…