T

Tencent Music Entertainment Group
D

TME

11.940
USD
0.15
(1.23%)
Market Closed
Volume
264,485
EPS
1
Div Yield
1.15
P/E
25
Market Cap
20,174,109,163
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News

Title: Tencent Music Entertainment Group

Sector: Communication Services
Industry: Internet Content & Information
Tencent Music is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.