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…

Netease Cloud Music just licensed over 1 million Warner tracks for nearly 1 billion users

The huge Chinese music streaming platform has just gained the rights to a huge catalogue of music from Warner Chappell. NetEase Cloud Music is a giant in the music streaming landscape. With over 800 million…

Tencent have just made an undisclosed investment in another Chinese music company

Tencent have made a new equity investment in another Chinese music-for-business company with the potential to take a controlling stake.  Tencent Music Entertainement are the Chinese company behind China’s biggest music services QQ Music, Kugou,…

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…

Official: Tencent, Consortium and Tencent Music Entertainment Acquire 10% of Universal Music Group for $3 billion

It now official. Tencent consortium has officially confirmed they are acquiring 10% of Universal Music Group for over $3 billion. Two other key elements of the deal: (i) the Consortium can, over the next 12…

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…