Summary
Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
History
Tencent Music Entertainment Group was founded in 2013 and is part of the Tencent Group. The company is a subsidiary of Tencent Holdings Ltd. and is the leading online music entertainment platform in China. It offers an extensive selection of music, including both licensed and original content. As of January 2021, it has more than 700 million monthly active users and over 35 million paying customers.
Mission
At Tencent Music Entertainment Group, we strive to entertain, engage and inspire our users. We create experiences that bring people closer and fuel moments of joy around shared music and entertainment.
Vision
To be a world-leading online music entertainment platform, driving social interaction and connecting fans and artists to great music experiences.
Key Team
Ms. Min Hu (Chief Financial Officer)
Mr. Tsai Chun Pan (Group VP & Head of Content Cooperation Bus.)
Ms. Linlin Chen (Group VP & Head of Kugou Bus. Unit)
Mr. Lixue Shi (Group VP & Head of Kuwo Bus. Unit)
Millicent T. (Vice Gen. Mang.)
Mr. Cheuk Tung Yip (Chief Strategy Officer)
Ms. Heather Diwu (Investor Relations Officer)
Recognition and Awards
Tencent Music Entertainment has been recognized as one of the most innovative companies at the Global Mobile Internet Conference in 2015, and as one of the world’s 50 most innovative companies by Fast Company in 2017.
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