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Tencent Music Entertainment
AddedFeb 15, 2024
UpdatedJun 28, 2026
Tencent Music Entertainment

Tencent Music Entertainment

Acquired

Tencent Music: Leading Chinese music streaming service with 800M+ active users.

HQ
Shenzhen, Guangdong, CN
Founded
2016
Overview
M & A
Compare
Fundraising
Employees

Tencent Music Entertainment Group (TME) develops music streaming services for the Chinese market, including QQ Music, Kugou, Kuwo, and WeSing. With over 800 million active users and 120 million paying subscribers, TME aims to revolutionize music consumption in China by offering diverse and innovative digital music experiences.

TME's key achievements include capturing a 56% market share of music streaming services in China as of July 2016. The company has significantly impacted the digital music landscape, fostering a robust ecosystem for artists and users alike.

Tencent Music Entertainment - M & A Snapshot

Open M & A

  • Tencent

    Acquired Tencent Music Entertainment • Undisclosed

Tencent Music Entertainment - Similar Companies

Muziwave logo

Muziwave

Big Hit Music logo

Big Hit Music

ibighit.com

Ximalaya logo

Ximalaya

ximalaya.com

MusicApp logo

MusicApp

Tunego logo

Tunego

Tune.FM logo

Tune.FM

tune.fm

Music.com logo

Music.com

music.com

AfroCharts logo

AfroCharts

afrocharts.com

SoundCloud logo

SoundCloud

soundcloud.com

YG Entertainment logo

YG Entertainment

Universal Music Group logo

Universal Music Group

universalmusic.com

Spotify logo

Spotify

open.spotify.com

Songtradr logo

Songtradr

Sureal Music logo

Sureal Music

soundcharts logo

soundcharts

soundcharts.com

Tencent Music Entertainment - Quick Facts

Who are Tencent Music Entertainment's competitors?

Companies similar to Tencent Music Entertainment include Muziwave, Big Hit Music, Ximalaya and MusicApp.

When was Tencent Music Entertainment founded?

Tencent Music Entertainment was founded in 2016.

Where is Tencent Music Entertainment's headquarters located?

Tencent Music Entertainment's headquarters is located in Shenzhen, Guangdong, CN.

How much has Tencent Music Entertainment raised to-date?

As of Dec 12, 2018, Tencent Music Entertainment has raised a total of $910M (USD).

Tencent Music Entertainment - Classification

Unique IDs
  • ein: 000000000
  • secCik: 0001744676
  • ticker: TCMEF
  • ticker: TME
NAICS
  • 510000Information
  • 512000Motion Picture and Sound Recording Industries
  • 512200Sound Recording Industries
  • 512250Record Production and Distribution
SIC
  • 7900Amusement And Recreation Services
  • 7920Theatrical Producers (except Motion Picture), Bands, Orchestras
  • 7929Bands, Orchestras, Actors, And Other Entertainers And Entertainment
Show 3 more industry codes
SIC
  • 7300Business Services
  • 7310Advertising
  • 7313Radio, Television, And Publishers' Advertising Representatives