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...
February 28, 2018
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...
February 1, 2018
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...
November 24, 2017
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...
September 12, 2017
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...
September 4, 2017
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...
August 3, 2017
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...
July 4, 2017
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...
June 6, 2017
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...
June 6, 2017
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...
May 17, 2017
If Spotify sells, it could be to a Chinese tech giant
Spotify has marked its path clearly towards an IPO, even if the likely date has shifted from 2017 to 2018. But there is always the possibility that Spotify could ultimately be sold rather than go public, with Facebook and...
February 16, 2017