Recent events
Recent events tied to this brand in public sources.
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2026
Tencent-led consortium acquires stake in Universal Music Group
A Tencent-led consortium, joined by Tencent Music Entertainment Group and global financial investors, acquired a 10% equity stake in Universal Music Group from Vivendi.
2026
Tencent Music reports Q2 2026 financial results
Tencent Music Entertainment Group (TME) reported unaudited financial results for the second quarter of 2026, with total revenue of RMB 8.93 billion, up 5.8% year over year, and adjusted net profit of RMB 2.78 billion, up 5.3% year over year. This was the first quarterly report after the acquisition of Ximalaya, which contributed RMB 407 million in revenue since being consolidated on May 18.
2026
Tencent Music completes acquisition of Ximalaya stake
Tencent Music Entertainment Group announced on May 18 that the acquisition of Ximalaya was formally completed, following the State Administration for Market Regulation's conditional approval on May 12.
2022
Tencent Music plans a secondary listing in Hong Kong
Tencent Music said it planned a secondary listing on the Main Board of the Hong Kong Stock Exchange, subject to regulatory approval.
2021
Tencent Music and Apple Music announce global music licensing agreement
Tencent Music announced a music licensing agreement with Apple Music for global distribution and promotion of licensed music through TME Music Cloud.
2021
QQ Music releases major version update and changes slogan
QQ Music released a major version update featuring more than 50 product changes, including M-PETS, music-preference controls and smart sheet music, and changed its slogan to “听我想听” (“Listen to what I want to hear”).
2021
Tencent Music ends exclusive music licensing deals
Tencent Music said its exclusive licensing deals with labels had ended as of August 23, following a government mandate. The company said it would continue working with partners on non-exclusive deals; some deals with independent musicians and new releases were excepted.
2021
Tencent names Liang Zhu to Tencent Music CEO position
Tencent announced that Liang Zhu, a Tencent vice president, would take the Tencent Music CEO position.
2021
Tencent Music launches charity album “Stars and Wishes”
Tencent Music launched the collaborative charity album “Stars and Wishes” with singer Chen Linong and autistic children on World Autism Awareness Day.
2021
JYP Entertainment and Tencent Music Entertainment strategic partnership
JYP Entertainment said it signed a strategic partnership with Tencent Music Entertainment to distribute its K-pop groups' music globally and diversify its business.
2021
China Literature announces sale of its Lazy Audio stake
China Literature announced a definitive agreement to sell its 39.8821% equity interest in Lazy Audio to Tencent Music Entertainment Group for RMB1.08 billion in cash. The transaction was expected to close in the first half of 2021, subject to customary closing conditions.
2021
Tencent Music announced an agreement to acquire Lazy Audio
Tencent Music announced that it had entered into a definitive agreement to acquire 100% of Lazy Audio for RMB2.7 billion, subject to customary closing conditions; the transaction was expected to close in the first half of 2021.
2021
Tencent Music agrees to acquire Lazy Audio
Tencent Music agreed to acquire all equity in Chinese audio platform Lazy Audio for 2.7 billion yuan. The transaction was expected to close in the first half of 2021, subject to customary closing conditions.
2020
Tencent Music and Shanghai Conservatory of Music sign strategic cooperation agreement
Tencent Music Entertainment Group and Shanghai Conservatory of Music signed a strategic cooperation framework agreement covering deeper university-enterprise cooperation, music talent development, and music-industry development.
2020
Tencent-led consortium announces planned additional 10% stake purchase in Universal Music Group
Tencent Music Entertainment Group announced that a consortium led by Tencent would exercise its option to acquire an additional 10% stake in Universal Music Group, subject to regulatory approval. The transaction was expected to close in the first half of 2021.
2020
TME announces equity investment in Wave
Tencent Music Entertainment Group (TME) announced that it would make an equity investment in Wave; the source does not state the investment amount.
2020
Tencent Music announces US$800 million notes offering
Tencent Music Entertainment Group announced a public offering of US$800 million in senior unsecured notes, consisting of US$300 million of notes due 2025 and US$500 million of notes due 2030. It said it intended to use the net proceeds for general corporate purposes.
2020
Tencent Music Entertainment Group and CoMix Wave Films announced a strategic partnership
Tencent Music Entertainment Group announced a strategic partnership with CoMix Wave Films. The partnership provides for the original soundtracks of 17 animated works to be made available on Tencent Music Entertainment Group platforms, including QQ Music, Kugou Music, Kuwo Music and WeSing.
2020
Consortium completes acquisition of 10% stake in Universal Music Group
A consortium led by Tencent Holdings Limited and including Tencent Music Entertainment Group completed the acquisition of a 10% equity stake in Universal Music Group from parent company Vivendi SE.
2020
China Literature and Tencent Music announce strategic partnership
China Literature and Tencent Music announced a strategic partnership to develop the long-form audio market for audiobooks. China Literature will license literary works from its platform to Tencent Music for adaptation into audiobooks, which the companies may distribute globally on their respective platforms.