Tencent

Tencent Holdings Limited, founded in 1998 and headquartered in Shenzhen, is a leading internet service provider that offers a diverse range of value-added services and online advertising solutions. The company operates through several segments, including Value-Added Services (VAS), FinTech and Business Services, and Online Advertising. Tencent is well-known for its popular communication and social platforms, such as WeChat and QQ, which facilitate user connectivity and provide various digital content and lifestyle services. In addition to social networking, Tencent engages in online gaming, cloud services, and the production and distribution of films and television programs. The company's extensive portfolio also includes software development, information technology services, and online entertainment. Tencent's strategic focus is on delivering comprehensive online services that cater to the diverse needs of internet users, solidifying its position as a significant player in the global digital landscape.

Leon Guo

Senior Vice President

Kennis Lau

Investor Relations Director

John Lo

Chief Financial Officer and Senior Vice President

Dan Xi

Senior Vice President

Daniel Xu

Co-Founder and Chief Information Officer

Andy Yu

Analyst, Investor Relations and Global Communications team

Past deals in Music Streaming

Gaana

Debt Financing in 2021
Gaana is an Indian music streaming platform that offers a vast library of popular Bollywood, Hindi, regional, and international music. Launched in 2011 and headquartered in Noida, India, it is considered the largest music broadcasting service in the country. Gaana provides users with free, unlimited, and legal access to music through its mobile applications and website. The platform aims to enhance the music discovery and consumption experience for a diverse audience, utilizing innovation and culturally rich content. Owned by Gamma Gaana Ltd., a subsidiary of Times Internet Limited, the service has positioned itself as a key player in the Indian digital music landscape.

Pocket FM

Series A in 2020
Pocket FM Pvt. Ltd. is a Bengaluru-based company that operates an audio sharing platform, primarily focused on vernacular content. Founded in 2018, Pocket FM provides a web-based mobile application that allows users to listen to and share a wide range of audio content, including news, finance, stories, and entertainment, in local Indian languages. The platform features over 10,000 audiobooks across various categories such as biography, romance, self-help, and spirituality, expertly narrated by professional speakers. Additionally, Pocket FM offers a diverse array of audio series spanning genres like fantasy, science fiction, and horror, enabling users to engage with long-form audio entertainment. The platform aims to enhance the listening experience while connecting users with creators and podcasts globally.

Gaana

Debt Financing in 2020
Gaana is an Indian music streaming platform that offers a vast library of popular Bollywood, Hindi, regional, and international music. Launched in 2011 and headquartered in Noida, India, it is considered the largest music broadcasting service in the country. Gaana provides users with free, unlimited, and legal access to music through its mobile applications and website. The platform aims to enhance the music discovery and consumption experience for a diverse audience, utilizing innovation and culturally rich content. Owned by Gamma Gaana Ltd., a subsidiary of Times Internet Limited, the service has positioned itself as a key player in the Indian digital music landscape.

Antstream Ltd

Series A in 2019
Antstream Arcade is a retro games streaming platform that offers over 1000 games for players to enjoy the old classics. Arcade, console or computer games can be played on online and across most devices. Enjoy the games in their original state or with a modern twist with our unique social challenges. Rise to the top of our global leaderboards, earn gems and bragging rights. Be the retro gaming champion on Antstream!

Xiaoxiang Huyu

Series A in 2019
Xiaoxiang Huyu focuses on game-streaming and hosting content from internet celebrities

Xiaoxiang Huyu

Seed Round in 2018
Xiaoxiang Huyu focuses on game-streaming and hosting content from internet celebrities

Gaana

Corporate Round in 2018
Gaana is an Indian music streaming platform that offers a vast library of popular Bollywood, Hindi, regional, and international music. Launched in 2011 and headquartered in Noida, India, it is considered the largest music broadcasting service in the country. Gaana provides users with free, unlimited, and legal access to music through its mobile applications and website. The platform aims to enhance the music discovery and consumption experience for a diverse audience, utilizing innovation and culturally rich content. Owned by Gamma Gaana Ltd., a subsidiary of Times Internet Limited, the service has positioned itself as a key player in the Indian digital music landscape.

Spotify

Funding Round in 2017
Spotify AB, founded in 2006 and headquartered in Stockholm, Sweden, offers a digital music streaming service that provides on-demand access to a vast catalog of songs and podcasts across various devices, including computers, mobiles, and home entertainment systems. Subscribers can explore music collections from friends, artists, and celebrities, create personalized playlists, and share their music selections through social media platforms. The service operates under two segments: Premium, which offers ad-free streaming, and Ad-Supported, which allows users to access content without a subscription fee. As of early 2020, Spotify had approximately 286 million monthly active users, including 130 million premium subscribers, across around 79 countries and territories. In addition to its streaming services, Spotify supports artists by enabling them to promote their music and connect with fans. The company also engages in research and development activities, with operations extending globally, including significant presence in Europe, North America, and Asia.

Smule

Series H in 2017
Smule, Inc. develops music applications that enable users to create, discover, love, and enjoy music. It also operates a social platform that allows people using its application to create music together. Smule, Inc. was formerly known as SonicMule, Inc. The company was founded in 2008 and is based in San Francisco, California.

Tencent Music

Acquisition in 2016
Tencent Music Entertainment (TME) is the largest online music entertainment platform in China, operating the top four music mobile apps in terms of mobile MAUs. Our platform comprises our online music, online karaoke and music-centric live streaming services, supported by our content offerings, technology and data. Our platform is an all-in-one music entertainment destination that allows users to seamlessly engage with music in many ways, including discovering, listening, singing, watching and socializing. On our platform, social interactions, such as sharing, liking, commenting, following and virtual gifting, are deeply integrated in our products and highly complementary to the core music experience, thereby enhancing our user experience, engagement and retention. We had over 800 million total unique MAUs in the second quarter of 2018, covering the full spectrum of user demographics in China.