Tag: tencent

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Report suggests Tencent Music IPO could slip to 2019

Will Chinese streaming giant Tencent Music go public this year? Perhaps not. The company delayed its planned IPO from October, but as Reuters reports, the intention was still to float in November. “Now, the last mega US...
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Tencent Music IPO on hold amid market turbulence?

There has been growing excitement and anticipation around the planned IPO of Chinese mega-company Tencent Music Entertainment Group (TMEG). At the start of the month it even filed its IPO documents which gave a revealing...
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10 things we learned from Tencent Music’s IPO filing

Tencent Music published its filing to go public last night. We’ve been filleting the document to pull out some of the most interesting data and strategic titbits on the Chinese digital-music company. 1.  The big figures Tencent...
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Tencent Music reportedly set for $3.1bn revenues in 2018

We’re still waiting for the official publication of Tencent Music’s filing for an IPO in the US, which will provide bags of metrics on the company’s music-streaming services.
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Report: Tencent Music halves amount sought in IPO to $2bn

We’re eagerly awaiting more public details on Tencent Music’s IPO in the US, which will give the industry a deeper insight into the figures and trends around the Chinese company’s music-streaming services. Its filing...
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Tencent / NetEase affected as Chinese government cracks down on gaming

Here’s a story that’s only just getting picked up in the west: the Chinese government has not approved the release of any new paid games in the country since March, nor has it approved any new free games to use in-game...
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Tencent quarterly revenues up 30% year-on-year

Music didn’t get much of a mention in Chinese tech firm Tencent’s latest quarterly financial results, which saw the company’s revenues grow by 30% year-on-year to $11.1bn, with a net profit of $2.8bn. Tencent did...
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Tencent Music Entertainment tipped to file for IPO this week

Spotify’s direct public offering is still fresh in the memory, but another much anticipated music-streaming public offering – this time an IPO rather than a DPO – may be imminent. Local media reports suggest that...
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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,...
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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...
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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...
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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...