Tencent Music Entertainment Group - ADR (TME) Sector
Information Technology

(Current) $11.44
0.19 (1.69%) Open Price: 11.15

Tencent Music Entertainment Group (TME) is a Chinese music streaming and online music entertainment company. It was founded in 2016 as a subsidiary of Tencent Holdings Limited, one of China's largest technology conglomerates. TME was formed through the merger of Tencent's music businesses, including QQ Music, Kugou Music, and Kuwo Music.

TME operates a range of music platforms that cater to different segments of the Chinese market. Its music apps, such as QQ Music, Kugou Music, and Kuwo Music, offer users access to a vast library of songs from both domestic and international artists. The platforms also provide social networking features, allowing users to interact with artists, create and share playlists, and discover new music.

In addition to music streaming, TME offers live music performances through its "WeSing" platform, where users can showcase their singing talent and connect with other music enthusiasts. WeSing also provides a virtual gifting system, allowing users to send virtual gifts to their favorite performers.

TME has been a major player in the Chinese music streaming market, leveraging its massive user base and strong partnerships with music labels and artists. The company has been actively exploring collaborations with international music companies to expand its global presence and reach a wider audience.

(11/19/24) $11.15
(11/21/24) $11.25
(11/21/24) (Qty.)6,400,299
(11/19/24) $11.10
(11/19/24) $11.47
(11/10/24) $10.11
(11/03/24) $12.11
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