Tencent Music Entertainment Group - ADR


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Latest Developments


Tencent Music Entertainment Group Announces Q2 2019 Unaudited Financial Results

T Rowe Price Associates Inc Reports 19.1% Passive Stake In Tencent Music Entertainment Group

Tencent Music Says Guomin Xie Has Tendered His Resignation As Co's Co-President


About Tencent Music Entertainment Group - ADR

TENCENT MUSIC ENTERTAINMENT GROUP operates online music entertainment platform and music applications in China. The Company's platform comprises online music, online karaoke and music-centric live streaming services, supported by content offerings, technology and data. The Company's main platform includes QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, Kuwo Live and others.


Computer Services

Contact Info

17/F, Malata Building, Kejizhongyi Road


Key Stats

2.14 mean rating - 21 analysts
Revenue (MM, CNY)








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Latest News

UPDATE 4-Alibaba dials up luxury push with $2 bln buy of Netease e-commerce arm

* Alibaba, PE firm Yunfeng to invest in Netease's music service (Adds comments by industry experts)

Breakingviews - Alibaba finds a new ally against an old foe

Alibaba has found a new ally against an old foe. The Chinese internet titan is buying part of video-games group NetEase's e-commerce business for $2 billion. Perhaps more significantly, the two are forging closer ties in music-streaming, where rival Tencent's dominance is...

Breakingviews - Tencent is stuck in a losing battle with Beijing

Tencent is stuck in a losing battle with Beijing. A year after a video-games crackdown hit the web giant, its $21 billion music-streaming arm may be under scrutiny from regulators. Pony Ma's ambitions of building an entertainment empire are looking a little more fragile...

China's tech firms to post slower June-quarter growth on sagging demand

China's top technology, e-commerce and consumer electronic firms are set to report a sharp slowdown in revenue growth for the June quarter, as a bruising trade war with the United States weighed on the Chinese economy and hurt consumer spending.

China's Tencent Music revenue misses estimates, share fall 4%

China's Tencent Music Entertainment Group <TME.N> on Monday missed quarterly revenue estimates as it reported the slowest increase in a widely-watched metric for growth since its debut, sending the shares of media streaming company down 4%.

China's Tencent Music misses quarterly revenue estimates

China's Tencent Music Entertainment Group missed Wall Street estimates for quarterly revenue on Monday, sending shares of the music streaming company down 11% in extended trading.

China's Tencent talking to Vivendi about stake in Lady Gaga's label

China's Tencent Holdings Ltd <0700.HK> is in talks to buy up to 20% of Universal Music Group (UMG) from Vivendi SA <VIV.PA>, valuing the music label of Lady Gaga, Ariana Grande and the Beatles at around 30 billion euros ($34 billion), as both firms look to expand in a recovering...

Breakingviews - Bolloré hits right note to mute Vivendi doubters

Never doubt Vincent Bolloré. That’s one lesson from Tuesday’s announcement that Vivendi, which is controlled by the French tycoon, may sell 10% of Universal Music Group to China’s Tencent Holdings at a price that values the label at 30 billion euros. The second lesson is...

Chinese movie-ticketing leader Maoyan says to boost film investment, Tencent partnership

Maoyan Entertainment, China's leading movie-ticketing platform, said it would boost investment in the domestic film industry and deepen its partnership with Tencent Holdings Ltd, as it works to halt a downturn at cinemas.

Tencent Music charges for more content as paying users drive profit beat

China's Tencent Music Entertainment Group said it had started charging for more of its content in the first quarter as the popularity of its pay-for-streaming services helped drive up profit to above expectations.

Tencent Music quarterly revenue rises 39%

China's Tencent Music Entertainment Group reported a 39% increase in quarterly revenue on Monday, as more users paid for its music streaming services.

Vivendi presses on with UMG stake sale as music arm drives revenue

France's Vivendi said on Monday it was forging ahead with the planned sale of up to 50 percent of its Universal Music Group (UMG), as the iconic division boosted the media conglomerate's quarterly revenue.

Tencent to cut reliance on China gaming after profit hit

Tencent Holdings signaled it will reduce its reliance on gaming in China, where a regulatory review and one-off investment costs led to its sharpest-ever quarterly profit drop and slowest annual profit growth in 13 years.

Tencent to post steepest profit fall in 13 years on games setback

Tencent Holdings is set to report on Thursday its sharpest quarterly profit decline in more than 13 years, as its failure to launch new blockbuster games due to China's regulatory review capped revenue growth.

Tencent Music hits low pitch after first earnings report exposes costs

Chinese streaming firm Tencent Music Entertainment Group delivered its first earnings report as a public company, meeting market expectations but exposing soaring license and content production costs which pulled its shares down 6 percent.

Tencent Music reports full-year 2018 profit of 1.83 bln yuan

China-based music streaming company Tencent Music Entertainment Group on Tuesday reported a profit of 1.83 billion yuan ($272.7 million) for full-year 2018, in its first earnings report since going public.

Exclusive: KKR, China's Tencent eyeing bids for Universal Music - sources

U.S. buyout fund KKR and China's Tencent Music Entertainment Group are exploring rival bids for up to half of Vivendi's iconic Universal Music division, a deal potentially worth up to 20 billion euros ($23 billion), sources told Reuters.

French and Benelux stocks-Factors to watch

Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks.

EXCLUSIVE-KKR, China's Tencent eyeing bids for Universal Music - sources

U.S. buyout fund KKR and China's Tencent Music Entertainment Group are exploring rival bids for up to half of Vivendi's iconic Universal Music division, a deal potentially worth up 20 billion euros ($22.73 billion), sources told Reuters.

Tencent-backed broker Futu confidentially files for up to $500 mln US IPO - sources

Futu Securities International, a Hong Kong-based online brokerage firm backed by Tencent Holdings, has filed confidentially for a U.S. initial public offering (IPO) of up to $500 million, people with knowledge of the matter said.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.