Tencent Music Entertainment

SHENZHEN, China, Jan. 30, 2022 – Tencent Music Entertainment Group (“TME,” or the “Company”) (NYSE: TME), China’s leading online music and audio entertainment platform, has received recent domestic and international recognition for its contributions to the music industry’s development, innovation, and the creation of a platform for global cultural exchange.

Tencent Music Entertainment Group has lately garnered a slew of prestigious domestic and international awards for its innovative development strategies and all-encompassing service ecosystem.

  • TME was ranked number 15 in the Internet Society of China’s Comprehensive Strength Index of Chinese Internet Enterprises (2021) released in November 2021.
  • TME won over a dozen employer branding awards in December, including the Employer Branding Creative Festival, Laguo, Liepin, Maimai, and Moka, for brand communication, employee experience, employee perception, and corporate social responsibility.
  • TME received six awards in brand communication for the first time, in visual, video, digital and intelligent communication, ranking the top in the Greater China region.
  • On December 28, TME ranked top 10 in the 2021 Top 30 Employers in the China Digital Copyright Industry Followed by Undergraduates list published by the National Copyright Trade Center of Renmin University of China.

Top-tier media praised Tencent Music Entertainment Group and its management for their contributions to China’s and the world’s music industries. TMC’s Executive Chairman Cussion Pang was named one of the “Faces of 2021” by People, a domestic authoritative magazine, in January 2022, and appeared on the magazine’s new year cover in 2022 among nine other exceptional representatives from other sectors. TME’s steady growth and development, as well as its strong industrial impact, were recognized on January 26 when CEO Ross Liang was named to Billboard’s 2022 Power List, alongside other notable core industry figures who have made significant achievements in 2021 in terms of revenues, music asset investments, and artist support.

In recent years, institutions and the media have voiced confidence about TME and China’s music industry’s growth possibilities. According to MIDiA’s Music Subscriber Market Shares Q2 2021 study report, China has seen the most user growth as an emerging market, while TME ranked third in the global music streaming with a 13 percent market share of music subscriptions in January 2022. The expansion of the service ecosystem is likely to sustain China’s ascendency in the global digital music business.

TME has been dedicated to the construction of all-around services and a multi-value co-creation system with industry partners through superior technology and abundant industry resources by executing on its “dual-engine content-and-platform” approach. Meanwhile, through the Tencent Musician Platform, it provides services to hundreds of thousands of Chinese musicians, promoting and constructing a diverse stage for their musical desires. As part of its ongoing commitment to the long-term healthy growth of the digital music industry, TME will continue to collaborate with more global industry partners to promote high-quality Chinese music material overseas and realize the worldwide worth of music works.

Tencent Music Entertainment Group (NYSE: TME) is the leading online music and audio entertainment platform in China, operating the country’s highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music, and WeSing. TME’s mission is to use technology to elevate the role of music in people’s lives by enabling them to create, enjoy, share and interact with music. TME’s platform comprises online music, online audio, online karaoke, music-centric live streaming, and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.

SOURCE Tencent Music Entertainment Group

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