Tencent Music now has 28.4m paying users for online music

Tencent Music Entertainment (TME) reported its financial results for the first quarter of 2019 overnight, and there are plenty of big numbers as you’d expect. Overall revenues grew by 39.4% year-on-year to RMB 5.74bn ($855m) as TME recorded an RMB 987m ($147m) net profit – as usual benefitting from the fact that a significant chunk of its […]

Tencent Music invests in music-streaming service Douban FM

Tencent already owns three of the main music-streaming services in China. Now it has invested in a fourth: Douban FM. However, the deal is being described (by TechNode) as a strategic investment that will see Tencent providing support in the form of ‘product design and copyright authorisation’ rather than cash. The report notes that Douban FM […]

Tencent Xiaowei virtual-assistant will link to QQ Music

Just as Apple gets set to launch its HomePod (Siri voice-assistant included) in China, so local tech giant Tencent is preparing to launch a new smart-assistant of its own. It’s called Xiaowei, and according to Bloomberg will make its debut within Tencent’s hugely-popular WeChat messaging app. “The assistant will link to a plethora of Tencent’s […]

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