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Tencent Music Entertainment Group (TME), a subsidiary of Tencent Holdings Ltd, is an online music and audio entertainment platform. The company operates a portfolio of music apps, including QQ Music, Kugou Music, Kuwo Music, and WeSing. It offers services such as online music, audio, karaoke, live streaming, and online concerts. TME provides a comprehensive music library featuring licensed, self-produced, and co-produced content. Its services cater to a wide range of users, allowing them to discover, listen, sing, watch, perform, and socialize around music. TME collaborates with top-tier labels and artists, expanding its strategic partnerships both domestically and internationally. The company primarily targets the Chinese market, with a focus on diverse user demographics across the country. TME is headquartered in Shenzhen, Guangdong, China.
Headquarters
China
Address
17/F Matsunichi Peak Building, No. 9996 Shennan Road, Nanshan District, Shenzhen, Guizhou, 518057
Website
www.tencentmusic.com
Telephone
86 755 33083308
No of Employees
5,690
Industry
Media
Ticker Symbol & Exchange
TME (NYSE)
Revenue (2024)
$4.6B
15.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
66.4%
(2024 vs 2023)
Market Cap*
$15.5B
Net Profit Margin (2024)
XYZ
43.7%
(2024 vs 2023)
* As of and is in US$
Products and Services
| Services | Brands |
|---|---|
| Social Entertainment Services | : |
| Online Music Services | QQ Music |
| Kugou | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In August, TME Live renewed its three-year strategic cooperation agreement with Galaxy Macau to support their respective resources and platform advantages to create a series of exciting performances and events. |
| 2025 | Plans/Strategy | In June, the company announced its plans to acquire Ximalaya for US$2.4 billion. |
| 2025 | Plans/Strategy | In May, the company announced its plans to acquire a 9.38% stake in SM Entertainment from HYBE Co for US$177 million. |
Competitor Comparison
| Key Parameters | Tencent Music Entertainment Group | Alphabet Inc | Spotify Technology SA | Warner Music Group Corp | Deezer SA |
|---|---|---|---|---|---|
| Headquarters | China | United States of America | Luxembourg | United States of America | France |
| City | Shenzhen | Mountain View | Luxembourg | New York | Paris |
| State/Province | Guizhou | California | - | New York | Ile-de-France |
| No. of Employees | 5,690 | 194,668 | 7,287 | 5,500 | 577 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Cussion Kar Shun Pang | Chairman | Executive Board | 2021 | 52 |
| Zhu Liang | Chief Executive Officer; Director | Executive Board | 2021 | 50 |
| Min Hu | Chief Financial Officer; Director | Executive Board | 2024 | 54 |
| Tsai Chun Pan | Head - Content Cooperation Business; Vice President | Senior Management | - | 51 |
| James Gordon Mitchell | Director | Non Executive Board | 2018 | 52 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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