Online music services

Tencent Music is China’s leading online music services provider, formed by the merger of China Music Corp. and Tencent’s own digital music business in 2016.

FAST NEWS: Tencent Music’s profit climbs on paying user growth

The Latest: Tencent Music Entertainment Group (TME.US; 1698.HK) on Tuesday announced its second-quarter net profit rose 29.6% year-on-year to 1.68 billion yuan ($231 million). Looking Up: The company's profit rose even as its…
1698.HK TME.US
Chinese music platform Cloud Music on Thursday reported a net profit of 734 million yuan for 2023, reversing a loss of 221 million yuan in 2022 and marking its first-ever annual profit.

FAST NEWS: Cloud Music posts first annual profit

The latest: Chinese music platform Cloud Music Inc. (9899.HK) on Thursday reported a net profit of 734 million yuan ($102 million) for 2023, reversing a loss of 221 million yuan in 2022…
9899.HK

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