Tencent Music Revenue and Competitors

Tencent Music Entertainment Group (NYSE:TME) is the leading online music entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. Our platform comprises online music, online karaoke and music-centric live streaming services. We have built our platform into not just a music streaming service, but a broad community for music fans to discover, listen, sing, watch, perform and socialize around music. On our platform, social interactions such as sharing, liking, commenting, following and virtual gifting, are deeply integrated in our products and highly complementary to the core music experience and thereby enhancing user experience, engagement and retention. As a result, our platform is an all-in-one music entertainment destination that allows users to seamlessly engage with music in a highly social setting. We offer a comprehensive library of music content licensed from hundreds of music labels around the world. We also offer a broad range of professionally generated video content in both live and recorded formats, such as music videos, concerts and music shows. In addition, hundreds of millions of users have shared their singing, short videos, live streaming of music performances, comments and music-related articles on our platform.  We are a partner of choice for music labels and content owners, working closely together on copyright protection to empower artists, musicians and performers to create, distribute and monetize their music work. Our mission is to use technology to elevate the role of music in people's lives, by enabling them to create, enjoy, share and interact with music and thereby create significant value across the industry.