Tencent Music

Tencent Music Entertainment Group
Formerly	China Music Corporation
Company type	Public
Traded as	NYSE: TME (ADS); SEHK: 1698
ISIN	US88034P1093
Predecessor	China Music Corporation; Tencent's QQ Music division
Founded	July 2016
Headquarters	Shenzhen, Guangdong, China
Products	QQ Music, Kugou, Kuwo, WeSing, Ultimate Music
Revenue	CN¥31.24 billion (2021)
Owners	Tencent (57% with 61.6% Shareholders Voting Right); Pacific Alliance Group (9.1% with 11% Shareholders Voting Right); Spotify (16.47%); CICFH entities (6.1% and 7.4% Shareholders Voting Right); Zhenyu Xie (4% and 4.9% Shareholders Voting Right); Dhanin Chearavanont (4% and 4.7% Shareholders Voting Right);
Number of employees	5,966 (December 2021)
Parent	Tencent Interactive Entertainment Group
Website	tencentmusic.com

Tencent Music Entertainment Group (TME; Chinese: 腾讯音乐娱乐集团) is a company that develops music streaming services for the Chinese market. Tencent Music's apps include QQ Music, KuGou, Kuwo, and WeSing; which have more than 800 million active users and 120 million paying subscribers. As of July 2016, Tencent Music's three services held an estimated 56% market share of music streaming services in China.

In the first quarter of 2021, Tencent Music announced it had 60.9 million paying users, up 42.6% compared to the 42.7 million paying users in the first quarter of 2020. In addition, the total number of music streaming users was announced to be 615 million, a drop of 6.4% compared to the first quarter of 2020 (657 million).