Tencent Music Entertainment Group (TME)

USD 11.98

(-6.04%)

Market Cap (In USD)

8.38 Billion

Revenue (In USD)

27.75 Billion

Net Income (In USD)

4.92 Billion

Avg. Volume

8.41 Million

Currency
USD
Country
Communication Services
Open
-
Prev. Close
-
Day Range
-
Year Range
8.15-15.77
PE
20.66
EPS
0.58
Beta Value
0.659
ISIN
US88034P1093
CUSIP
88034P109
CIK
1744676
Shares
699709021.0
Earnings Annoncement
-

Company Profile

Sector
Communication Services
Industry
Internet Content & Information
CEO
Mr. Zhu Liang
Employee Count
-
Website
https://www.tencentmusic.com
Ipo Date
2018-12-12
Details
Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.