Tencent Music Entertainment (TME) Group is the operator of music streaming and download services.
Tencent Music, founded in June, 2012 and headquartered in Shenzhen, is a digital music provider. Listed on the NYSE on December 12, 2018, the company's major shareholders are Guangzhou KuGou Computer Technology Co., Ltd.. Rivals that have direct and indirect competition with Tencent Music include NetEase Cloud Music, Ximalaya, Spotify, iTunes, etc.
ResearchConsumer Staples, Communication, Consumer Discretionary
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Aiming Regulatory Easing, Tencent Music's Q1 Revenue Downbeat with Price Rising
China's Tencent Music Entertainment posted a 15% slump in first-quarter revenue, matching expectations, but saw its shares join a sector-wide surge on Tuesday as hopes grew for a loosening of regulatory curbs on China's tech giants.
May 17, 2022 01:01 PM