The company's social entertainment services posted a nearly 50% drop in revenue as Beijing's crackdown on online gambling continues to cast...

"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," ...

Total revenue of the company, controlled by Chinese tech giant Tencent Holdings Ltd, stood at 7.29 billion yuan ($1.00 billion) in the quar...

Goldman Sachs predicts recorded music industry revenues to touch $52.3 billion by 2030.

Revenue 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 said on Monday its mainstay social entertainment services business shrank in the fourth quarter, overshadowing the company's ...

"In recent months, we have received increased regulatory scrutiny from relevant authorities, and have been actively co-operating and commun...

300 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 stock began climbing in February after the outbreak exposed the dichotomy of the world’s second largest tech economy. While virtu...

Paid music services have boosted music sales across the world, and are now the single largest source of revenue for the global record busin...

Six-year-old Bytedance has surpassed Uber Technologies Inc. to become the world’s most valuable startup.

The Indian telecom market is transforming from a voice-dominated service to a data-based one, spurred by the entry of 4G operator Reliance ...

Analysts 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...

With this, Amazon Prime Music will compete with music streaming apps Saavn, Gaana and Apple Music in India.

Tencent is the majority shareholder in Tencent Music Entertainment, China’s largest music streaming business, and also operates JOOX, a lea...

The seven main business units of China’s largest company are working to synchronise data and study a billion plus users to deliver precisio...

Jack Ma, 52, is now the richest person in Asia and 14th wealthiest in the world, according to the Bloomberg Billionaires Index.