Category archives: Tencent Music

Days Before Tencent Music’s IPO Launch, a Mysterious Investor Claims to Own 80% of the Company

Does Hanwei Guo really own 80% of Tencent Music?  Or, ahead of the Chinese streaming music giant’s IPO, have the trolls come out of the woodwork? For months, Chinese conglomerate Tencent Holdings has frantically worked to prepare for its music division…

Tencent Music IPO’s Filing Reveals Record Profit

Tencent Music has turned a profit the past three years.  Spotify has only turned a profit once in its lifetime.  Any questions? Several months ago, Chinese conglomerate Tencent Holdings unveiled its plan to list its music division on Wall Street. With …

Tencent Music Sets 2018 U.S. IPO, Spotify Could Net $2B

After speculation that Tencent Music would delay its IPO until 2019, the streamer filed paperwork Monday to move forward with a U.S. stock offering before the end of 2018. The IPO could also be a big win for Spotify. The music division of Chinese tech and shopping giant Tencent Holdings…

It’s Official: Tencent Music Will Go Public on December 12th

Tencent Music has finally filed its IPO paperwork — and pegged a debut date. Spotify’s successful direct listing on the New York Stock Exchange has inspired several companies to pursue IPOs on Wall Street.  These include Uber, Lyft, and Airbnb.  In the…

NetEase Cloud Music completes $600m raise to take on Tencent

Baidu, General Atlantic, Boyu Capital and others plough money into Tencent Music rival
The post NetEase Cloud Music completes $600m raise to take on Tencent appeared first on Music Business Worldwide.

Tencent Music Puts IPO on Hold Amid Turbulent Market Conditions

Tencent Music patiently waits for the storm to pass. On October 3rd, the Dow Jones Industrial Average reached a record high of 26,336.62. Since then, stocks have fallen sharply.  On Wednesday, the Dow Jones dropped 800 points.  Amazon lost 6.2%.  Netfl…

Tencent Music: A Different Kind Of Streamer [Mark Mulligan]

Tencent Music (TME), touted as China’s largest music streaming service, has filed for a $2 billion U.S. IPO. But an analysis by Mark Mulligan of MIDiA shows that TME is only partially a music service. It’s really a series of related social entertainment platforms that could offer lessons which Spotify…

Tencent Music uses ‘tipping’ to rack up revenues. Why aren’t Western music streaming platforms doing the same?

Cherie Hu on what the likes of Spotify can learn from China’s biggest streaming music company
The post Tencent Music uses ‘tipping’ to rack up revenues. Why aren’t Western music streaming platforms doing the same? appeared first on Mu…

Sony, WMG Buy $200M Stock As Tencent Music Files US IPO

Tencent Music (TME) has filed for a U.S. IPO to list on the New York Stock Exchange and NASDAQ Global Market with the goal of raising $2 billion. The Tencent F-1 filing offered an unusual and revealing peak inside China’s largest music streaming service. The Tencent F-1 filing with the…