Tag: tencent

Read More

Tencent hints at plans for AI-generated music and virtual idols

There are some interesting signals coming out of the All That Matters conference about what Tencent Music might be up to next. AI-music being one of them. Billboard reports on comments made by CEO Cussion Pang about how...
Read More

Tencent Music under pressure over exclusive licensing deals

One of the quirks of China’s music-streaming market has been the system of exclusive licensing deals: where a label will license its catalogue exclusively to one streaming firm, which will then sub-license it to its rivals....
Read More

Tencent Music now has 31m paying online-music users

Tencent Music published its latest financial results yesterday, and they revealed sluggish growth for active users of the company’s three online-music services in China, but a much more-sprightly rise in the number of...
Read More

Tencent in talks to buy up to 20% stake in Universal Music Group

There’s been a significant development in Vivendi’s moves to sell of up to 50% of Universal Music Group. This morning, UMG’s parent company announced that it has entered into ‘primary negotiations’ with Tencent...
Read More

Tencent Music now has 28.4m paying users for online music

Tencent Music Entertainment (TME) reported its financial results for the first quarter of 2019 overnight, and there are plenty of big numbers as you’d expect. Overall revenues grew by 39.4% year-on-year to RMB 5.74bn...
Read More

WeChat users can now add songs to the videos they post

Chinese messaging app WeChat has a new feature that allows people to add songs to the videos they are sharing with friends. The feature is drawing these background tracks from QQ Music, one of the streaming services operated...
Read More

Tencent Music financials reveal revenues grew by 72.9% in 2018

It’s not just Spotify enduring the slings and arrows (well, share-price drops) of life as a public music-streaming company. Tencent Music published its latest financial results overnight, and saw its share price drop...
Read More

Direct streaming deals in China can run to ‘millions of dollars’

In the west, the thought of Spotify and Apple Music signing direct licensing deals with artists – cutting out labels and even distributors – is causing a certain amount of tension. However, it’s no secret that such...
Read More

Tencent Music invests in music-streaming service Douban FM

Tencent already owns three of the main music-streaming services in China. Now it has invested in a fourth: Douban FM. However, the deal is being described (by TechNode) as a strategic investment that will see Tencent providing...
Read More

Tencent Music strikes deal with AI-music startup Amper Music

Chinese firm Tencent Music had 644 million monthly active users for its three music-streaming services at the end of June last year: QQ Music, Kugou and Kuwo. QQ Music is the biggest of those, so here’s something to think...
Read More

Tencent Xiaowei virtual-assistant will link to QQ Music

Just as Apple gets set to launch its HomePod (Siri voice-assistant included) in China, so local tech giant Tencent is preparing to launch a new smart-assistant of its own. It’s called Xiaowei, and according to Bloomberg...
Read More

Report 419: The 40 Trends of 2018

“May you live in interesting times,” runs the old Chinese curse. The music industry has certainly done that, through the last two decades of digital disruption. Typical to form, 2018 was very interesting indeed. For our...