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Tagged Tencent Music

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Tencent Music Posts $175 Million in Profit with 28.4 Million Subscribers in Q1 2019

Tencent Music Posts a $175 Million in Profit With 28.4 Million Subscribers in Q1 2019

Daniel Sanchez
May 14, 2019
Tencent Music Entertainment (TME) has released its financial report for the first quarter of 2019. In the three months ended March 31st, 2019, TME reported ¥5.74 billion ($855 million) in overall revenue.  T... Read More...
Tencent Music Shares Dip 8% Following Disappointing Q4 2018 Financials

Tencent Music Shares Dip 8% Following a Monstrous $127 Million Quarterly Loss

Daniel Sanchez
March 20, 2019
Tencent Music Entertainment continues to grow, but after receiving bad news yesterday, investors punished the company’s stock. Several days ago, Tencent Music Entertainment (TME) shares reached an all-time h... Read More...
Tencent Music Confirms 'Strategic Investment' in Rival Douban FM

Tencent Music Confirms ‘Strategic Investment’ in Rival Douban FM

Daniel Sanchez
February 20, 2019
Tencent Music’s strategic investment may finally help Douban FM compete in the Chinese streaming music market. As of late, Tencent Music Entertainment (TME) has enjoyed a good ride. Two months ago, the mu... Read More...
Tencent Music Entertainment's Rising Stock Briefly Makes Co-Presidents Billionaires

Tencent Music’s Rising Stock Briefly Makes Its Co-Presidents Billionaires

Daniel Sanchez
January 28, 2019
1
For a brief moment, Tencent Music Entertainment’s shares minted some brand-new billionaires. Following Tencent Music’s IPO, the Chinese streaming music giant’s stock has remained relatively volatile. Desp... Read More...
Tencent Music IPO Launches at Lowest Expected Price Range

Tencent Music’s IPO Launches at Lowest Expected Price Range

Daniel Sanchez
December 12, 2018
Tencent Music executives once expected to raise up to $4 billion.  They had to settle with just over a billion. Following Spotify’s success with its direct listing last April, Tencent Music made plans to lau... Read More...
Tencent Music Responds to Frivolous Lawsuit Filed Days Before Its IPO

Tencent Music Responds to a Frivolous Lawsuit Filed Days Before Its IPO

Daniel Sanchez
December 11, 2018
Could a troll lawsuit have a 'material adverse effect' on Tencent Music’s IPO? Just days before Tencent Music’s highly-publicized IPO, a relatively unknown investor made a major claim. According to Hanwei... Read More...
Days Before Tencent Music's IPO Launch, a Mysterious Investor Claims to Own 80% of the Company

Days Before Tencent Music’s IPO Launch, a Mysterious Investor Claims to Own 80% of the Company

Daniel Sanchez
December 6, 2018
Does Hanwei Guo really own 80% of Tencent Music?  Or, ahead of the Chinese streaming music giant’s IPO, are the trolls coming out of the woodwork? For months, Chinese conglomerate Tencent Holdings has been f... Read More...
Tencent Music IPO's Filing Reveals Record Profit

Tencent Music’s IPO Filing Reveals Record Streaming Profits

Daniel Sanchez
December 5, 2018
2
Tencent Music has turned a profit the past three years.  Spotify has only turned a profit once.  Any questions? Several months ago, Chinese conglomerate Tencent Holdings unveiled its plan to list its music d... Read More...
Tencent Music Will Go Public on December 12th

It’s Official: Tencent Music Will Go Public on December 12th

Daniel Sanchez
December 3, 2018
Tencent Music has finally filed its IPO paperwork — and pegged a debut date. Spotify’s successful direct listing on the New York Stock Exchange has inspired several companies to pursue IPOs on Wall Street.  ... Read More...
Tencent Music Puts IPO on Hold Amid Turbulent Market Conditions

Tencent Music Puts IPO on Hold Amid Turbulent Market Conditions

Daniel Sanchez
October 12, 2018
Tencent Music patiently waits for the storm to pass. On October 3rd, the Dow Jones Industrial Average reached a record high of 26,336.62. Since then, stocks have fallen sharply.  On Wednesday, the Dow Jon... Read More...
Music Industry Latest - Tencent Music IPO, Nashville's Music Row, YouTube, Paradigm, Epic Records, Concord Music, More...

Tencent Music Slashes Its Expected IPO Raise to $2 Billion

Daniel Sanchez
September 19, 2018
Reuters says Tencent Music halved its IPO.  Its parent company dismissed the report.  So, who should we believe? Ahead of its expected launch in the US, Tencent Music’s parent company has reportedly halved t... Read More...
Tencent Music Has Reportedly Set the Date for its IPO Launch in the US

Tencent Music’s $30 Billion IPO Is Reportedly Arriving In a Matter of Weeks

Daniel Sanchez
August 27, 2018
Andy Ma, Vice President of Tencent Music Entertainment Expect Spotify to earn a massive windfall from Tencent Music’s upcoming IPO launch. According to a new report, Tencent Music has already set a date for ... Read More...
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