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
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Investors
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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Funding Insights of Tencent Music
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Audio books platform
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2011 | ||||
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Limited information available
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2011 | ||||
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Music streaming service of China
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Tencent Music
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tencent Music Comparisons
Competitors of Tencent Music
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tencent Music
Frequently Asked Questions about Tencent Music
When was Tencent Music founded?
Tencent Music was founded in 2016.
Where is Tencent Music located?
Tencent Music is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
Who is the current CEO of Tencent Music?
Peng Jiaxin is the current CEO of Tencent Music.
How many employees does Tencent Music have?
As of Dec 31, 2024, the latest employee count at Tencent Music is 5,350.
What is the annual revenue of Tencent Music?
Annual revenue of Tencent Music is $3.96B as on Dec 31, 2024.
What does Tencent Music do?
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.
What products or services does Tencent Music offer?
Tencent Music offers Music Streaming and Artist Support Services.
Is Tencent Music publicly traded?
Yes, Tencent Music is publicly traded on HKEX under the ticker symbol 1698.
How many acquisitions has Tencent Music made?
Tencent Music has made 3 acquisitions, including Kuwo, lrts.me, and yytingting.com.
What is Tencent Music's ticker symbol?
The ticker symbol of Tencent Music is 1698 on HKEX.
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