Tencent Music‘s online music paying users reached 56.0 million in Q4 2020, increasing by 40.4% year-over-year or 4.3 million additional users from Q3 2020, according to the company’s financial results.
Tencent Music Entertainment Group
Tencent Music Entertainment Group (NYSE:TME) is the leading online music entertainment platform in China, operating the country's highly popular and innovative music apps:
QQ Music: a leading online music service with nationwide popularity that offers a comprehensive music library and a broad range of music-related video content. QQ Music focuses on popular artists and top mainstream hits for younger music fans in China.
Kugou Music: Recognized as the preferred destination for users to discover music content trending on the internet through:
- Kugou Music: A leading online music service offering a comprehensive set of entertainment features with a mass-market focus and deep user penetration in China.
- Kugou Live: A music-centric live streaming platform where users can watch live-streamed music performances, concerts, and music variety shows in an interactive and engaging setting.
- Kuwo Music: An online music service focusing on selected genres and segments, such as DJ mixes and children's songs, to cater to users' diverse tastes.
Kuwo Live: A music-centric live streaming platform where users can watch live-streamed music performances, concerts, and music variety shows in an interactive and engaging setting.
WeSing: a popular karaoke social community in China. It offers unique social networking features that enable users to express themselves by sharing their singing performances and interacting with friends, singers, and other users with similar interests in various online social settings.
Ultimate Music is a platform where Tencent Music provides services to various smart devices and automobile manufacturers, enabling them to develop built-in music players. Focused on bringing music to everything, Ultimate Music aims to create a vibrant B2B music ecosystem.
Tencent Music's platform comprises online music, online karaoke, and music-centric live streaming services.
It has built the platform into a broad community for music fans to discover, listen, sing, watch, perform and socialize around music.
On the platform, social interactions such as sharing, liking, commenting, following, and virtual gifting, are deeply integrated into the products and highly complementary to the core music experience and thereby enhancing user experience, engagement, and retention.
Tencent Music offers a comprehensive library of music content licensed from hundreds of music labels around the world. It also offers a broad range of professionally generated video content in both live and recorded formats, such as music videos, concerts, and music shows.
In addition, hundreds of millions of users have shared their singing, short videos, live streaming of music performances, comments, and music-related articles on its platform.
Find out its latest performance highlights here.