Tag: tencent

Read More

Beggars Group China strategy: ‘We have a real issue with exclusivity’

“China was my hobby for the best part of 10 years: something which the company allowed me to run as a hobby on the side as long as I wasn’t spending too much money. It was five years before we made any money whatsoever,...
Read More

Merlin signs deals with NetEase, Tencent and Alibaba in China

Indie licensing agency Merlin has announced agreements with the three biggest music-streaming service owners in China: Tencent, NetEase and Alibaba. The deals will see the catalogue represented by Merlin – music from...
Read More

Tencent leads $115m round for Indian music service Gaana

Indian streaming service Gaana has raised a $115m funding round led by Chinese tech firm Tencent, as it sets its sights on growing to 200 million active users in the next three years. That would be a sharp rise from the...
Read More

Sony Music launches dance label with Tencent Music

Fresh from its stock-swap with Spotify, Tencent Music has another interesting partnership with a western firm: Sony Music. The pair have teamed up to launch Liquid State, a label that will focus on dance music from Asian...
Read More

Paid online-music market tipped to grow 59% in China

The market for ‘paid online music’ in China is expected to grow by 59% this year to $455m according to research firm iResearch, whose prediction is quoted prominently in the Financial Times’ latest piece on China. It...
Read More

Tencent strikes sub-licensing deal with Alibaba in China

One of the quirks of the Chinese digital music market, from a western perspective, is the exclusive licensing deals that tech-giant Tencent has struck with major labels. Its deals with global label groups like Universal...
Read More

Tencent Music hopes for $10bn valuation in IPO

Spotify isn’t the only music-streaming entity plotting its path towards public status. Chinese tech giant Tencent has been mulling an IPO for its Tencent Music Entertainment Group, with Bloomberg reporting that the company...
Read More

Tencent expected to spin off its music-streaming service

Chinese tech giant Tencent may be planning to spin off its music-streaming business. That’s according to bankers interviewed by the Financial Times, who see the service – with a two-thirds market share in China and...
Read More

Tencent has continued ambitions to expand beyond China

If you have a few minutes spare today, we recommend reading Bloomberg’s in-depth profile of Chinese tech company Tencent. It outlines how the company got as big as it is in 2017, as well as its ambitions to expand beyond...
Read More

Tencent Music’s Andy Ng talks China and expansion (#midem)

Apple, Google and Amazon’s music strategies generate a huge amount of chatter in the west, but our industry should also be talking about the ambitions of Chinese tech giant Tencent, through its Tencent Music Entertainment...
Read More

Music streaming 2.0: new models in emerging markets (#midem)

Music streaming’s evolution will be about more than just how the big, global services like Spotify and Apple Music continue their growth. Emerging markets are throwing up some interesting new business models and partnerships...
Read More

Universal Music signs Tencent deal for China expansion

China may just be the most fascinating digital-music market of 2017: a status enhanced by yesterday’s announcement of a partnership between Universal Music Group and tech giant Tencent’s Music Entertainment group (TME...