Tencent Music: brands it owns and its ownership tree
Tencent Music (NYSE: TME, HKEX: 1698) is a publicly listed company headquartered in Shenzhen, China that owns 9 consumer brands across 2 categories.[1][2]
Tencent Music Entertainment is the largest online music entertainment platform in China by monthly active users, and counted 127.4 million paying users of its music services in the fourth quarter of 2025. It was assembled in 2016, when Tencent injected its own music business into China Music Corporation, the owner of Kugou and Kuwo, and renamed the combined company; it listed on the New York Stock Exchange in December 2018 and added a Hong Kong listing in September 2022. Tencent held 93.6 per cent of its voting power at 31 March 2026, which makes it a controlled company under New York Stock Exchange rules.
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brands owned
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2
categories
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acquisitions recorded
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divestitures recorded
Company facts
- Legal name
- Tencent Music Entertainment Group (also TME, China Music Corporation)
- Type
- publicly listed company · see all publicly listed company owners
- Headquarters
- 🇨🇳 Shenzhen, China
- Founded
- 2012
- Tickers
- NYSE: TME HKEX: 1698
- Revenue
- CN¥28.4 billion (2024)[2]
- SEC CIK
- 0001744676
- Website
- www.tencentmusic.com
- Last verified
- · 4 sources
What Tencent Music's annual report says about its business
Read from Tencent Music's latest annual filing[1]. Each line gives the sentence the filing uses, copied word for word.
Acquisitions and disposals named in the filing
- Acquired: ICP License for the domains www.tencentmusic.com and www.qqmusic.com (July 25, 2025).
Tencent Music Shenzhen also acquired an ICP License for the domains www.tencentmusic.com and www.qqmusic.com on July 25, 2025.
- Acquired: CMC (2016).
On July 24, 2021, the SAMR issued an Administrative Penalty Decision to Tencent regarding its acquisition of CMC in 2016.
- Acquired: Ximalaya Inc. (June 10, 2025).
For instance, on June 10, 2025, we announced a proposed acquisition of Ximalaya Inc. ("Ximalaya"), pursuant to an Agreement and Plan of Merger (the "Merger Agreement") dated June 10, 2025 by and among Ximalaya, certain other parties named in the agreement and us.
Tencent Music in numbers
- Tencent Music owns 9 consumer brands tracked here across 2 top-level categories; the largest is internet & digital with 6 brands.[1]
Tencent Music financial history
Headline figures from Tencent Music's annual reports filed with the US Securities and Exchange Commission, in CNY as reported, fiscal years ending 2019–2024. Revenue moved from CN¥25.4bn to CN¥28.4bn, an average of 2.2% a year (calculated).
| Fiscal year ended | Revenue | Operating income | Operating margin | Net income | Total assets | Long-term debt | Filing |
|---|---|---|---|---|---|---|---|
| CN¥28.4bn | CN¥8.71bn | 30.7% | CN¥7.11bn | CN¥90.4bn | — | 20-F | |
| CN¥27.8bn | CN¥6.06bn | 21.8% | CN¥5.22bn | CN¥75.5bn | — | 20-F | |
| CN¥28.3bn | CN¥4.44bn | 15.7% | CN¥3.84bn | CN¥67bn | — | 20-F | |
| CN¥31.2bn | CN¥3.8bn | 12.2% | CN¥3.21bn | CN¥67.3bn | — | 20-F | |
| CN¥29.2bn | CN¥4.71bn | 16.2% | CN¥4.18bn | CN¥68.3bn | — | 20-F | |
| CN¥25.4bn | CN¥4.62bn | 18.2% | CN¥3.98bn | CN¥52.7bn | — | 20-F |
Source: SEC XBRL company facts. A dash means the company did not report that line in a form we could read. Figures for a year can be restated in a later filing; the latest filing's number is shown.
Everything Tencent Music owns
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Full-screen interactive tree → · Download as infographic
Brand portfolio by category
Full portfolio, 9 brands, with sources → · Competitors by shared categories →
Recent changes to this record
Tencent Music SEC filings
The documents behind the figures on this page, as listed in the SEC's EDGAR index. Each links to the filing itself.
Annual reports
- Annual report (foreign issuer), filed (20-F)
- Annual report (foreign issuer), filed (20-F)
- Annual report (foreign issuer), filed (20-F)
- Annual report (foreign issuer), filed (20-F)
- Annual report (foreign issuer), filed (20-F)
- Annual report (foreign issuer), filed (20-F)
Recent current and quarterly reports
| Filed | Form | What it declares |
|---|---|---|
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer |
Frequently asked questions
What brands does Tencent Music own?
Tencent Music owns 9 consumer brands tracked here, including Ximalaya, Lazy Audio, WeSing, QQ Music, TME Live and Kugou Live.
Is Tencent Music a Chinese company?
Yes. Tencent Music is headquartered in Shenzhen, China and was founded in 2012.
Who owns Tencent Music?
Tencent Music is a publicly listed company owned by its shareholders; it trades as TME on the NYSE and 1698 on the HKEX.
Sources (4) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Tencent Music Entertainment Group Annual Report on Form 20-F filed 2026-04-17 — SEC EDGAR, SEC Form 20-F, published 17 April 2026; retrieved 26 September 2026.
- [2] Tencent Music Entertainment Group: Form 20-F for the year ended 2024-12-31 (revenue) — SEC EDGAR, SEC Form 20-F, published 23 April 2025; retrieved 4 October 2026.
- [3] Tencent Music Entertainment Group — unaudited condensed consolidated interim financial information for the six months ended June 30, 2026 — SEC EDGAR, SEC filing, published 1 September 2026; retrieved 26 September 2026.
- [4] Tencent Music Entertainment Group announces second quarter 2026 unaudited financial results — Tencent Music Entertainment Group, Official press release, published 11 August 2026; retrieved 26 September 2026.
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