About Tencent Music
Tencent Music is a publicly listed company based in Shenzhen (China) founded in 2016. Recording music, live music, audio, and video services are provided. The company has 5,350 employees. Tencent Music has completed 3 acquisitions, including Kuwo, lrts.me and yytingting.com. Its chief executive, as recorded, is Peng Jiaxin. Its website tencentmusic.com draws about 241 thousand monthly visits. Tencent Music offers products and services including Music Streaming and Artist Support Services. Its legal entity is Tencent Music Entertainment (Shenzhen) Limited.
Company details
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.
- Headquarters Shenzhen, China
- Employees 5,350
- Stage Public
- Website category Arts and Entertainment · Music
- Email••••••••
- Website tencentmusic.com
- Social LinkedIn X
- Legal Name Tencent Music Entertainment Group Class A
- Annual Revenue$4.58 B (USD)15.88as on Dec 31, 2025
- Net Profit$1.54 B (USD)66.45as on Dec 31, 2025
- EBITDA$1.54 B (USD)32.77as on Dec 31, 2025
- Employee Count5,350
- Investments & AcquisitionsKuwo
& 2 more
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
29 people are tracked at Tencent Music (13 in leadership, 1 in board & advisors, 15 in team); the tracked headcount is 5,350.
| Name | Role | Group |
|---|---|---|
Peng Jiaxin | CEO | Leadership |
Min Hu | CFO | Leadership |
Cheuk Tung Tony Yip | Chief Strategy Officer | Leadership |
Silence Chen | Vice President, Brand, Pr, Content Marketing And Artist Management | Leadership |
Zhu Liang | CEO & Director | Leadership |
Zhenyu Xie | President & CTO | Leadership |
Tsai Chun Pan | Group VP, TME Content Cooperation Department | Leadership |
Yucheng Wang | Executive Assistant To CFO | Leadership |
Michael Tseng | General Manager | Leadership |
Bin Wu | Director Of Lyra Lab | Leadership |
Millicent T. | General Manager, Investor Relations | Leadership |
Tc Pan | Head, TME Live, TME Music Cloud, TME Artists Agency & Producers’ Studio | Leadership |
Linlin Chen | Group VP, Kugou | Leadership |
Cussion Kar Shun Pang | Executive Chairman | Board & advisors |
Cara Cui | Finance BP | Team |
Zoe Liu | Corporate Development | Team |
Yanren W. | Data Analyst | Team |
Moyan Sun | Product Manager | Team |
Harry Yang | Global Label Management | Team |
Zheng Xie | Senior Finance Manager | Team |
9 more people are available in the full profile.
Complete people profiles for Tencent Music
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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.
- IPO date21 Sep 2022
- Listed onHKG: 01698
- Listed entityTencent Music Entertainment Group Class A
- Exchange sectorTechnology services
- ISINKYG875771134
- Share price33.68 HKD (+1.26% on the day) · 2026-10-14
- Market capitalisation97,330,782,187.00 HKD
- Price to earnings10.3
- EPS (diluted, trailing year)3.26 HKD
- Dividend yield2.86%
- Volume (last session)648,129
Financials of Tencent Music
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 35.68B HKD | 11.99B HKD | 11.99B HKD |
| 2024 | 30.79B HKD | 7.20B HKD | 9.03B HKD |
| 2023 | 30.67B HKD | 5.44B HKD | 6.39B HKD |
| 2022 | 32.95B HKD | 4.28B HKD | 5.09B HKD |
| 2021 | 37.66B HKD | 3.65B HKD | 4.48B HKD |
Detailed financial statements 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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Audio books platform | lrts.me | Shenzhen, China | 2011 | Jan 2021 | $417.1M | |
Limited information available | yytingting.com | 2011 | Jan 2021 | $416M | ||
Music streaming service of China | kuwo.cn | Beijing, China | 2005 | Jun 2015 | •••• |
Complete acquisition details for Tencent Music
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Timeline of Tencent Music
5 dated milestones of Tencent Music across 7 years, from founding to its latest funding, stage changes and deals.
- Acquisition Acquires Kuwo.
- Founded Tencent Music is founded.
- Acquisition Acquires yytingting.com.
- Acquisition Acquires lrts.me.
- IPO Lists on the stock exchange (IPO).
Web traffic of Tencent Music
The website of Tencent Music (tencentmusic.com) receives about 240.6K visits a month and ranks #111,589 among all websites worldwide, #7,567 in Music.
- Monthly visits240.6K
▼ 15.1% vs previous month
- Unique visitors66.8K
per month
- Global rank#111,589
among all websites
- Category rank#7,567
Arts and Entertainment · Music
- Bounce rate33%
- Pages per visit7.7
- Average visit3 min 43 sec
- DevicesDesktop 72% · Mobile 28%
Websites whose visitors overlap most with Tencent Music. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| music.163.com | 100% | 12.6M | #3,354 | View details | |
| kugou.com | 99% | 3.5M | #15,516 | View details | |
music.sonyselect.net | music.sonyselect.net | 79% | – | ||
rti.org.tw | rti.org.tw | 79% | #139,597 | – | |
yamaha.com.cn | yamaha.com.cn | 79% | #221,029 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 20 similar websites and full traffic analytics for Tencent Music
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Related news about 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 CEO of Tencent Music, as recorded in our data.
Tencent Music has 5,350 employees.
Annual revenue of Tencent Music is $4.58B as on Dec 31, 2025.
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.
Tencent Music operates through Tencent Music Entertainment (Shenzhen) Limited.
The website of Tencent Music receives about 241 thousand visits a month and ranks #111,589 among all websites worldwide.