Tencent Music Entertainment Group TME · USD
Communication Services · US listing · 🇺🇸 United States
9.38
-1.88%
Close of 9 Nov 2026, in USD
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About Tencent Music Entertainment Group
Its shares trade under the ticker TME. It has been listed since 12 December 2018. In the fiscal year to 31 December 2025, it reported revenue of CN¥32.90bn and net income of CN¥11.06bn. At that date it held total assets of CN¥102.59bn and shareholders' equity of CN¥80.34bn.
Tencent Music Entertainment Group engages in the provision of online music entertainment platform. The company is headquartered in Shenzhen, Guangdong. The company went IPO on 2018-12-12. The firm's platform comprises online music, online karaoke and music-centric live streaming services, supported by content offerings, technology and data. The firm's main platform includes QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, Kuwo Live and others.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Communication Services
- Industry
- Entertainment
- Listed since
- 12 Dec 2018
- Employees
- 100,000
- Website
- tencentmusic.com ↗
- Head office
- UNIT 3, BUILDING D, KEXING SCIENCE PARK, NANSHAN DISTRICT, SHENZHEN, F4, 518057
- Incorporated in
- E9
- Classification
- Radio Broadcasting Stations
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Kar Shun PangExecutive Chairman of the Board, since 2016
- Mr. Zhu LiangChief Executive Officer, Director, since 2021
- Ms. Min HuChief Financial Officer, Director, since 2016
- Mr. Tsai chun PanGroup Vice President, Head of Content Cooperation Business, since 2022
- Mr. Brent IrvinDirector
- Mr. James MitchellDirector
- Mr. Wai Yip TsangDirector
- Ms. Kim Yum ChanIndependent Director
- Mr. Yau Kee MakIndependent Director
- Ms. Edith NganIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 63
- Environment
- 69
- Social
- 99
- Governance
- 22
- Direct emissions (scope 1)
- 111.51 t
- Energy emissions (scope 2)
- 4,621.61 t
- Women in the workforce
- 37.8%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Tencent Music is a dominant player in the Chinese music streaming market, with a large user base and solid brand recognition.
- The company benefits from strong partnerships with major record labels and has an extensive music library, offering a wide variety of songs and genres.
- Tencent Music has built a comprehensive music ecosystem, integrating social features and live streaming capabilities, which enhances user engagement and promotes user-generated content.
- The company has successfully monetized its platform through multiple revenue streams, including subscriptions, advertising, and virtual gifting.
- Tencent Music has the advantage of being part of the larger Tencent Holdings conglomerate, which provides access to vast resources, technology, and cross-platform integration.
Weaknesses
- Tencent Music heavily relies on licensing agreements with record labels, which can subject the company to potential risks and uncertainties related to negotiations and contract renewals.
- The company faces intense competition from other music platforms in China, leading to potential challenges in attracting and retaining users.
- Tencent Music's success heavily depends on the popularity and success of the Chinese music industry, which could be impacted by changes in consumer preferences, government regulations, or economic factors.
Opportunities
- The Chinese music streaming market is continuously growing, driven by increasing smartphone penetration, disposable incomes, and a growing appreciation for music consumption.
- Tencent Music can explore international expansion opportunities by leveraging its existing user base and partnerships to tap into global markets.
- The company can further enhance user engagement and retention by continuously improving its recommendation algorithms, personalized playlists, and social features.
- Tencent Music can diversify its revenue streams by expanding into adjacent areas such as concert ticketing, merchandise sales, or artist partnerships.
Threats
- Competition from both domestic and international music streaming platforms poses a significant threat to Tencent Music's market position and user base.
- Changes in regulations, copyright laws, or licensing requirements could disrupt the company's operations and limit its ability to offer certain music content.
- Economic downturns or shifts in consumer spending habits can impact disposable incomes and reduce demand for music streaming services, potentially affecting Tencent Music's revenue.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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