Tencent Music Entertainment Group (TME) has unveiled plans to acquire Chinese audio content platform Ximalaya Inc., in a strategic deal aimed at expanding its footprint in the spoken-word and ...

SHENZHEN, China, May 11, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME), the leading online music and audio entertainment platform in China, released ...

Tencent Music shifts focus to core streaming, optimizing non-paying users & leveraging buybacks post-Ximalaya deal. Learn ...

W hen Spotify and Chinese music-tech company Tencent Music bought equity stakes in each other in Dec. 2017, industry onlookers saw the move as a landmark collaboration between what would otherwise ...

Since its inception in 2016, Tencent Music Entertainment Group has established itself as a cornerstone of the Chinese music industry. The company operates four highly popular music applications ...

I n an industry with sparse profits, Chinese music streaming company Tencent Music Entertainment earned net income of $641.4 million in 2020 on revenues of $4.5 billion, the company announced ...

The Tencent-backed company is looking for a $25 billion valuation in its IPO in the U.S., despite slowing revenue growth from its main business.

The Global Music Industry Continues to Grow. According to a report by IFPI, the global recorded music market was worth $28.6 billion in 2023 and witnessed the ninth year of consecutive growth.

Tencent Music (NYSE: TME) is more than simply "the Spotify (NYSE: SPOT) of China." The platform is a mash-up of music streaming and social networking, enabling users to listen to music, sing with ...

Tencent Music Entertainment (TME) shares are trading lower after announcing its acquisition of Chinese audio platform Ximalaya for $1.26 billion in cash and stock.

Tencent Music Entertainment achieved a 10% increase in profits while awaiting clarity from Chinese internet regulators. Plus Icon Film Plus Icon TV Plus Icon What To Watch ...

Although Tencent Music dominates the Music industry with 60% market share, they seem to be priced for perfection with only 4.88% upside. Nikada. QOE Capital: Co-Authored by Analyst Sally Ma.