Tencent Music Entertainment

Tencent Music Entertainment

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Investment Firm

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

Founded

2016

Industry

Internet

Employees

5001-10000

Investment

11

Lead Investment

7

Exits

3

Stages

Early Stage Venture, Seed

Investor Type

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.

Employees

imagePlace Zhu Liang

Zhu Liang

Chief Executive Officer & Director

imagePlace TC Pan

TC Pan

Group vice president

Investment portfolio

Tencent Music Entertainment has made 11 investments. Their most recent investment was on Feb 16, 2021, when Pex raised $57.0M.

investments

11

Diversity investments

0

Lead investments

7

Number of exits

3

Investments

11

Annouced DateOrganization NameIndustryMoney Raised
Nov 19, 2020
Wave Wave
Virtual Realitynull
Dec 18, 2020
Universal Music Group Universal Music Group
Publishing3677.0M
Feb 16, 2021
Pex Pex
Video57.0M
Jun 03, 2024--70.0M

Exits

3

Funding Timeline

Funding rounds

11

Investors

6

Funds

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 DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
Nov 19, 2020
Corporate Round - Wave Corporate Round - Wave
-0-
Dec 18, 2020
Corporate Round - Universal Music Group Corporate Round - Universal Music Group
-3677.0M-
Feb 16, 2021
Series A - Pex Series A - Pex
-57.0M-
Jun 03, 2024
Corporate Round - GMM Music 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.

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 DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image OTPPLESS
1.0M

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