Recommendation by Lemi
Created by the company behind the giant messaging software WeChat, Tencent Music Entertainment (TME) is the largest online music entertainment platform in China. It’s multi-app ecosystem doubles as a streaming venue and a social media site, operating in a sea rich with content both from large labels and independent artists. In September 2018, TME reported a profit of USD 394 billion, nearly triple from the year before—despite the fact that only less than 5% of its 800 million monthly active user base are paying customers. It went public in the New York Stock Exchange in late 2018 and raised a USD 1.1 billion initial public offering (IPO)!
17th Floor, Malata Building, Kejizhongyi Road, Midwest District of Hi-tech Park, Nanshan District, Shenzhen, Guandong, China
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