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Overview
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.
Highlights
2016
Internet
5001-10000
11
7
3
Early Stage Venture, Seed
N/A
Location
Asia
Contact Information
Social
Profile Resume
Tencent Music Entertainment, established in 2016 and headquartered in Asia., specializes in Early Stage Venture, Seed investments across Video, Digital Entertainment, Legal, Cloud Computing, Enterprise Software, Information Technology, Software, Big Data, Artificial Intelligence (AI), SaaS. The organization boasts a portfolio of 10 investments, with an average round size of $546.9M and 3 successful exits. Their recent investments include Pex, Illuminate Ventures, Cue Ball, NextGen Venture Partners, Susa Ventures. The highest investment round they participated in was $65.5B. Among their most notable exits are Pex and Illuminate Ventures. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.
Investment portfolio
11
0
7
3
Investments
11
Annouced Date | Organization Name | Industry | Money Raised |
---|---|---|---|
Nov 19, 2020 | Wave | Virtual Reality | null |
Dec 18, 2020 | Universal Music Group | Publishing | 3677.0M |
Feb 16, 2021 | Pex | Video | 57.0M |
Jun 03, 2024 | - | - | 70.0M |
Exits
3
Funding Timeline
11
6
0
Funding Rounds
11
Tencent Music Entertainment has raised 11 rounds. Their latest funding was raised on Jun 03, 2024 from a Corporate Round - GMM Music round.
Annouced Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
---|---|---|---|---|
Nov 19, 2020 | Corporate Round - Wave | - | 0 | - |
Dec 18, 2020 | Corporate Round - Universal Music Group | - | 3677.0M | - |
Feb 16, 2021 | Series A - Pex | - | 57.0M | - |
Jun 03, 2024 | Corporate Round - GMM Music | - | 70.0M | - |
Investors
7
Tencent Music Entertainment is funded by 7 investor(s). ONEW and ICONIQ Growth Kantor are the most recent investors.
Investor Name | Lead Investor | Funding Round | Money Raised |
---|---|---|---|
Spotify | Yes | Funding Round - Tencent Music Entertainment | 1069.8M |
Hermitage Capital | No | Private Equity Round - Tencent Music Entertainment | 0 |
ICONIQ Growth | No | Private Equity Round - Tencent Music Entertainment | 0 |
ONEW | No | Post-IPO Equity - Tencent Music Entertainment | 0 |
Fund raised
2
Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.
Annouced Date | Fund Name | Money Raised |
---|---|---|
May 10, 2013 | OTPPLESS | 1.0M |
May 11, 2013 | OTPPLESS | 1.0M |
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