Tencent Music Entertainment Group

Tencent Music Entertainment Group (TME) is the leading online music entertainment platform in China, formed in 2016 through the merger of QQ Music, Kuwo Music, and Kugou Music. The company operates the top four music mobile applications in the country, catering to a diverse user base with over 800 million monthly active users. TME offers a comprehensive suite of services, including online music streaming, karaoke, and music-centric live streaming, all designed to enhance user engagement. The platform integrates social interactions such as sharing, liking, commenting, and virtual gifting, which complement the core music experience. This focus on social connectivity not only enriches the listening experience but also increases user retention and engagement across its services. Tencent holds a majority stake in TME, ensuring significant influence over its operations and direction.

TC Pan

Group Vice President

11 past transactions

Pex

Series A in 2021
Pex is a company that specializes in digital rights technology, focusing on transparency and accuracy in content licensing and management. Its advanced technology operates at significant speed and scale, facilitating transactions that were previously challenging. By simplifying the licensing process on a global scale, Pex enables digital platforms to make real-time decisions regarding content use. This innovation allows creators to confidently utilize copyrighted material while ensuring that rightsholders receive proper credit and compensation for their work. Pex is committed to building inclusive and equitable solutions that benefit all stakeholders in the digital content ecosystem.

Lazy Audio

Acquisition in 2021
Lazy Audio is a comprehensive audio platform providing entertainment in the forms of audiobooks, Chinese comedy, podcasts and other radio shows to customers. It monetizes via different channels, including pay per title, subscription payment for content, and advertising. Lazy Audio has developed into a thriving community with strong user interactions and engagement, providing superior content and services to audio users across China. Lazy Audio has a highly-scalable user base, making it one of the leading audio platforms in China.

Universal Music Group

Secondary Market in 2020
Universal Music Group is the largest music corporation globally, primarily engaged in the recording, publishing, and merchandising of music. The company discovers and develops talented songwriters and recording artists, managing an extensive portfolio that includes numerous renowned record labels such as Interscope, Capitol Music, Motown Records, and Def Jam. Universal's recorded music segment constitutes the majority of its revenue, featuring successful artists like Taylor Swift, Drake, The Weeknd, and Morgan Wallen. Additionally, the company owns and administers copyrights for musical compositions, facilitating their use in recordings, public performances, films, and advertisements. Universal Music Group also markets artist and music-branded products through various channels, including online platforms, retail outlets, and live events, effectively reaching fans around the world.

Wave

Corporate Round in 2020
Wave focuses on interactive virtual experiences with a mission to help artists make money at the intersection of gaming and entertainment. Wave’s technology enables musicians to create lifelike avatars of themselves that can “perform” their music on a virtual stage. Most of these virtual shows take place either on the company’s YouTube channel, but Wave’s apps let users tune in on gaming consoles, phones or even the Oculus Rift VR headset. While watching a Wave, viewers can log in to comment in a chat function and give live feedback to the avatar performers.

Warner Music Group

Post in 2020
Warner Music Group is a prominent music company engaged in recording, publishing, and providing artist services through various international affiliates and licensees. As the third-largest of the major record companies, Warner Music generates the majority of its revenue from its recorded music segment, which includes well-known labels such as Atlantic Records, Warner Records, and Elektra Records. The company boasts a roster of successful artists, including Ed Sheeran, Bruno Mars, Cardi B, and Dua Lipa. Additionally, Warner Music's publishing division, Warner Chappell, represents over 150,000 songwriters and composers, encompassing a diverse array of talents, both from within its own roster and from other labels. This extensive catalog includes the management of more than one million musical works.

Radio Music Warehouse

Corporate Round in 2020
Radio Music Warehouse is a music company that specializes in providing music streaming solutions specifically designed for business use. It operates an extensive database of ambient background music, catering to a variety of establishments, including restaurants, radio stations, hotels, and other public venues. By offering high-quality ambient music resources, Radio Music Warehouse helps businesses create inviting atmospheres while enhancing customer experience through carefully curated soundscapes.

Douban FM

Corporate Round in 2019
Douban FM hopes to help users explore some unknown music that may be of interest to them, and multi-dimensional and human intervention algorithms are very important. Douban FM has been in existence for 10 years since its launch in 2009, and has accumulated a lot of user data. In addition, based on the premise of Douban FM and Douban main account interoperability, FM will also capture the user's data in the book audio and video to form a multi-dimensional recommendation.

KTVme

Series B in 2018
KTVme is a digital entertainment platform that enhances the traditional television experience by offering a music ordering and entertainment service. It features a portal where users can select party songs and control set-top boxes, creating a karaoke-like environment tailored to individual preferences. This innovative approach allows users to enjoy music in a more personalized manner, transforming the way they engage with entertainment at home.

Fujian Hongjie Group

Series A in 2017
Fujian Hongjie Group is a logistics and supply chain management company.

Ultimate Music

Series A in 2017
Ultimate Music is a digital music content and service integrator based in Shenzhen, China, operated by Tencent Music Entertainment Group. The company focuses on providing music integration services and specializes in B-side music, helping partners create industry-leading music solutions. Ultimate Music works with various smart devices and automobile manufacturers to develop built-in music players, ensuring users have access to high-quality music experiences across different scenarios.

SMALL TECH

Angel Round in 2012
SMALL TECH is a social game that incorporates many wechat social features with a base in the online cultivation of immortals. They offer a range of gaming items.
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