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TENCENT MUSIC REVENUE
Tencent Music to buy Chinese audio platform Ximalaya for $2.4 billionTencent Music will acquire Chinese audio platform Ximalaya for $2.4 billion in cash and stock to expand its content library, attract more p...- Why do billionaire traders don't eye Nvidia? They aim to bag these shares instead. Details hereThe biggest traders of world stock markets don't chase chipmaker Nvidia, they aim to buy the stocks of companies like Alibaba, JD.com, Kran...
- Tencent Music beats quarterly revenue estimatesThe audio entertainment platform reported revenue of 6.89 billion yuan ($957.02 million) for the quarter. Analysts on average had expected ...
- China's Tencent Music beats revenue estimates on paid subscriber growthThe company's social entertainment services posted a nearly 50% drop in revenue as Beijing's crackdown on online gambling continues to cast...
- Pocket FM to double down on investment"We aim to double down on our content investments to ₹328 crore. Our target is to expand our content library by 5X in the next 12 months," ...
- Tencent Music's quarterly revenue rises as more Chinese users pay for musicTotal revenue of the company, controlled by Chinese tech giant Tencent Holdings Ltd, stood at 7.29 billion yuan ($1.00 billion) in the quar...
- Music to buck economic woes, double revenues to $131 billion by 2030Goldman Sachs predicts recorded music industry revenues to touch $52.3 billion by 2030.
- Tencent Music social entertainment services slump overshadows upbeat quarterRevenue from social entertainment services and others fell 15.2% to 4.73 billion yuan ($742 million), while paying users in the social ente...
- Tencent Music to list in Hong Kong; social unit drags resultsTencent Music said on Monday its mainstay social entertainment services business shrank in the fourth quarter, overshadowing the company's ...
- Tencent Music says facing increased China scrutiny, is committed to laws"In recent months, we have received increased regulatory scrutiny from relevant authorities, and have been actively co-operating and commun...
- Alibaba, Tencent pour cash into India’s gambling loopholes300 mn players use apps such as Dream11, Play Games24x7, Paytm First Games and FanFight to gamble on “fantasy cricket” and rummy card games...
- Tencent’s set for fastest growth since 2018 after virus outbreakTencent’s stock began climbing in February after the outbreak exposed the dichotomy of the world’s second largest tech economy. While virtu...
- TikTok owner to start music service, secures rights from T-Series, Times MusicPaid music services have boosted music sales across the world, and are now the single largest source of revenue for the global record busin...
- Move Over, Uber: This little known media company is now the world’s most valuable startupSix-year-old Bytedance has surpassed Uber Technologies Inc. to become the world’s most valuable startup.
- Telecom companies play cricket, expect fans to consume data at faster paceThe Indian telecom market is transforming from a voice-dominated service to a data-based one, spurred by the entry of 4G operator Reliance ...
- Experts strike a discordant note on Saavn, Jio $1-b dealAnalysts say it’s unclear as to why JioMusic, with a fraction of Saavn’s revenues, is deemed to be worth nearly 4x the pre-money value of v...
- Amazon Music launches in India as part of PrimeWith this, Amazon Prime Music will compete with music streaming apps Saavn, Gaana and Apple Music in India.
- Tencent leads in Gaana’s $115 million funding roundTencent is the majority shareholder in Tencent Music Entertainment, China’s largest music streaming business, and also operates JOOX, a lea...
- Why Tencent could become an advertising powerhouse like FacebookThe seven main business units of China’s largest company are working to synchronise data and study a billion plus users to deliver precisio...
- Asia's richest man Jack Ma sees net worth soar $2.8 billion in a dayJack Ma, 52, is now the richest person in Asia and 14th wealthiest in the world, according to the Bloomberg Billionaires Index.
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