China Tencent Music, the country’s largest music-streaming company, is set to List in the U.S. The highly-anticipated move could value the company at over $10 billion and give it a much needed infusion of cash. Tencent Music is majority owned by Chinese tech giant Tencent Holdings. china tencent musicchina morningpost
Tencent Music operates three of China’s most popular music apps: QQ Music, Kugou Music, and Kuwo Music. china tencent musicchina morningpost
Music streaming in China is big business, and no company is bigger than Tencent Music. With over 800 million monthly active users, the company has a firm grip on the Chinese music industry. But Tencent Music is more than just a streaming service; it’s also a powerful tool for the Chinese government. china tencent musicchina morningpost
Since its launch in 2016, Tencent Music has been working with the Chinese government to censor certain songs and artists.
China’s music streaming market is heating up, with Tencent Music Entertainment leading the pack. The company, which is a subsidiary of tech giant Tencent, offers a variety of music streaming services including karaoke and live streaming. Tencent Music has a dominant market share in China, but faces stiff competition from companies like Alibaba and NetEase.
Despite the fierce competition, Tencent Music is still growing rapidly.
