China’s biggest music streaming service attributes growth to increased paying users and focus on Super VIP tier. Tencent Music Entertainment (TME), China’s leading music streaming company, has achieved a major milestone – in 2024, its annual subscription revenue surpassed $2 billion. This milestone reflects significant growth driven by a rising number of paying subscribers and an increased focus on premium services. In 2024, TME’s subscription revenue experienced a substantial increase of 25.9% compared to the previous year, reaching RMB 15.23 billion (approximately USD $2.12 billion). This growth was driven by a consistent expansion of its paying user base and an…