Tencent Music Entertainment Group (Tencent), a subsidiary of Tencent Holdings Ltd, is an online music entertainment platform. The company carries out the sale of digital music singles and also albums, online advertising and content sublicensing. It provides a range of features for music discovery, including music ranking charts, playlists, music search and recommendations, official music accounts and digital releases. The company also offers music-related video content such as music videos, live performances and short videos. It operates several music apps in such as QQ Music, Kugou Music, Kuwo Music, Ultimate Music and WeSing Music. Its music-centric live streaming services include Kugou Live and Kuwo Live which enable users and performers to showcase their talent. Tencent is headquartered in Shenzhen City, Guangdong Province, China.
Headquarters
China
Address
17/F, Malata Building, Kejizhongyi Road, Shenzhen, Guangdong, 518057
Website
www.tencentmusic.com
Telephone
86 755 86013388
No of Employees
5,805
Industry
Media
Ticker Symbol & Exchange
1698 (HKG)
Revenue (2022)
$3.9B
-2.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
33.8%
(2022 vs 2021)
Market Cap*
$21.1B
Net Profit Margin (2022)
XYZ
36.6%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Services | Brands |
|---|---|
| Social Entertainment Services | QQ Music |
| Online Music Services | Kugou |
| Kuwo | |
| XYZ | |
| XYZ | |
| XYZ |
Competitor Comparison
| Key Parameters | Tencent Music Entertainment Group | Universal Music Group Inc | Warner Music Group Corp | Beijing Alibaba Music Technology Co Ltd | NetEase Cloud Music |
|---|---|---|---|---|---|
| Headquarters | China | United States of America | United States of America | China | China |
| City | Shenzhen | Santa Monica | New York | Beijing | Hangzhou |
| State/Province | Guangdong | California | New York | Beijing | Zhejiang |
| No. of Employees | 5,805 | 9,505 | 5,900 | - | 251 |
| Entity Type | Public | Private | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Min Hu | Director; Chief Financial Officer | Executive Board | 2024 | 51 |
| Cussion Kar Shun Pang | Chairman | Executive Board | 2021 | 49 |
| Zhu Liang | Chief Executive Officer; Director | Senior Management | 2021 | 47 |
| Cheuk Tung Tony Yip | Chief Strategy Officer | Senior Management | - | 41 |
| Zhenyu Xie | President; Director; Chief Technology Officer | Senior Management | 2014 | 47 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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