About Tencent Music
Tencent Music is a company based in Shenzhen (China) founded in 2016. The company has 5,350 employees as of December 31, 2024. Tencent Music has completed 3 acquisitions, including Kuwo, lrts.me and yytingting.com. Tencent Music offers products and services including Music Streaming and Artist Support Services.
- Headquarter Shenzhen, China
- Employees 5350 as on 31 Dec, 2024
- Stage Public
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Email
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Phone
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Website
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Social
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- Legal Name Tencent Music Entertainment Group Class A
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Annual Revenue
$3.96 B (USD)0.41as on Dec 31, 2024
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Net Profit
$927.06 M (USD)32.5as on Dec 31, 2024
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EBITDA
$1.16 B (USD)41.33as on Dec 31, 2024
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Latest Funding Round
Not available
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Investors
Not available
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Employee Count
5350
as on Dec 31, 2024
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Investments & Acquisitions
Kuwo
& 2 more
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IPO & Listings of Tencent Music
Tencent Music is a publicly listed company on the HKEX with ticker symbol 1698 in Hong Kong, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Tencent Music
Tencent Music offers a comprehensive portfolio of products and services, including Music Streaming and Artist Support Services.
Music streaming services are provided through platforms like QQ Music to offer access to a wide range of music content.
Artist support services are offered, including music publishing and data management, to assist creators in content distribution and monetization.
People of Tencent Music
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Funding Insights of Tencent Music
Detailed funding history for Tencent Music
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Investments & Acquisitions by Tencent Music
Tencent Music has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Kuwo, lrts.me and yytingting.com.
Investment portfolio details for Tencent Music
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Audio books platform
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Locked | Locked | 2011 | Locked | |
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Limited information available
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Locked | Locked | 2011 | Locked | |
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Music streaming service of China
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Locked | Locked | 2005 | Locked |
Complete acquisition details for Tencent Music
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Financial Statements - Tencent Music
Detailed financials for Tencent Music
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Tencent Music Comparisons
Peer comparison for Tencent Music
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Competitors of Tencent Music
Detailed competitors of Tencent Music
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Latest news on Tencent Music
Complete news archive for Tencent Music
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Frequently Asked Questions about Tencent Music
Tencent Music was founded in 2016.
Tencent Music is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
Peng Jiaxin is the current CEO of Tencent Music.
As of Dec 31, 2024, the latest employee count at Tencent Music is 5,350.
Annual revenue of Tencent Music is $3.96B as on Dec 31, 2024.
Tencent Music was established in 2016 and is based in Shenzhen, China. Operations are conducted in the digital entertainment sector, where recording music, live music events, audio content, and video services are offered through online platforms. These services support music streaming and multimedia distribution, primarily targeting users in China and select international markets. Leadership is held by CEO Peng Jiaxin, with focus maintained on technology-driven music solutions.
Tencent Music offers Music Streaming and Artist Support Services.
Yes, Tencent Music is publicly traded on HKEX under the ticker symbol 1698.
Tencent Music has made 3 acquisitions, including Kuwo, lrts.me, and yytingting.com.
The ticker symbol of Tencent Music is 1698 on HKEX.