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.
11 past transactions
Pex
Series A in 2021
Pex is a company that specializes in digital rights technology, focusing on providing transparency and accuracy in the licensing and management of content. Its advanced technology operates with remarkable speed and scale, allowing for efficient transactions that simplify global licensing processes. This empowers digital platforms to make real-time decisions regarding content usage, while also enabling creators to use copyrighted material without concerns of infringement. Additionally, Pex ensures that rightsholders receive proper credit and compensation for their work. The company is committed to building inclusive and equitable solutions that address the complexities of digital rights management.
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 (UMG) is the world's leading music entertainment company. It discovers, develops, and promotes recording artists and songwriters globally. UMG's core business involves recording, publishing, and merchandising music. It owns and administers copyrights to musical compositions, licensing them for various uses such as recordings, public performances, films, and advertisements. Additionally, UMG sells artist and music-branded products through diverse sales channels, including online platforms, fashion retail, and live performances. UMG houses over a dozen record labels, including Interscope, Capital Music, Motown Records, and Def Jam, representing a vast roster of successful artists like Taylor Swift, Drake, The Weeknd, and Morgan Wallen.
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 specializing in music streaming solutions tailored for commercial use. It operates an extensive database of ambient background music, catering to a diverse clientele that includes restaurants, hotels, radio stations, and other public venues. By providing high-quality ambient music resources, the company enhances the atmosphere of various establishments, ensuring that businesses can create the desired environment for their customers.
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 aims to enhance the traditional television experience through music. It offers a unique service that allows users to order party songs and control set-top boxes, effectively transforming the way karaoke is experienced at home or in social settings. By providing a tailored selection of music, KTVme enables users to enjoy their preferred songs, making it a versatile option for entertainment. The platform is designed to create an engaging atmosphere for various gatherings, catering to the entertainment needs of its users.
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, operating under Tencent Music Entertainment Group. The company specializes in B-side music and focuses on providing music integration services to various smart devices and automobile manufacturers. By assisting partners in developing industry-leading music solutions, Ultimate Music aims to enhance user experiences through high-quality music offerings across multiple 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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