Tencent Music Entertainment

Company

Investment-firm

Last deal

Amount

Post-IPO Equity

Stage

01.01.2019

Date

3

all rounds

$1.07B

Total amount

Financing round

General

About Company
Tencent Music Entertainment (TME) is the largest online music entertainment platform in China, operating popular music apps.

Related to

Tencent

Tencent

Tencent Holdings is an internet service portal offering various online services.

Sector

Software and Computer Services

Subsector

Consumer Digital Services

Location

Shenzhen, Guangdong Province, China

total rounds

6

total raised

$12.58B

count Of Investments

721

count Of Exists

60

Industry

Sector :

Subsector :

Keywords :

Also Known As

腾讯音乐娱乐集团, Tencent Music Entertainment Group, Tengxun Yinyue Yule Jituan, China Music Corporation

founded date

01.07.2016

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Equity

IPO status

Private

Description

TME offers a comprehensive music entertainment experience through its online music, karaoke, and live streaming services. With over 800 million users in Q2 2018, TME's platform integrates social interactions and offers a wide range of music-related activities, including discovery, listening, singing, watching, and socializing. TME's apps, including QQ Music, Kugou Music, Kuwo Music, and WeSing, cater to diverse user demographics in China.
Sub-Organizations
2
Kuwo Science and Technology

Kuwo Science and Technology

Kuwo Science and Technology is a Chinese company that develops music-based digital entertainment services for internet users.

Sector

Leisure Goods

Subsector

Electronic Entertainment

Keywords

Music

Location

Beijing, China

total rounds

2

total raised

$5.5M
KuGou

KuGou

KuGou is a Chinese company that provides interactive digital music-related and innovative internet technology-based services.

Sector

Media

Subsector

Entertainment

Keywords

Music

Location

Jilin City, Jilin, China

total rounds

2

total raised

$15.88M

count Of Investments

1
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M&A Details
1

Transaction name

Acquired by

Tencent

announced date

14.07.2016

price

$2.7B

Financials

Funding Rounds
6
3

Number of Funding Rounds

$1.07B

Money Raised

Their latest funding was raised on 01.01.2019. Their latest investor ONEW. Their latest round Post-IPO Equity

Date 
Funding Round 
Investors 
Money Raised 
Lead 
01.01.2019
1
15.12.2017
1
$1.07B
Local Amount - EUR 910M
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Subsector

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Date 
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type 
Raised 
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Subsector

Entertainment

Keywords

Media and Entertainment, Music

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Watthana Nakhon, Watthana Nakhon District, Sa Kaeo 27160, Thailand

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Subsector

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Keywords

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Sector

Media

Subsector

Entertainment

Keywords

Music

Location

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total raised

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32

count Of Exists

11
Co-Investors
Investors
5
2

Number of lead investors

5

Number of investors

Investor 
Lead 
Round 
Partners 
ONEW

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Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Location

Hangzhou, Zhejiang, China

count Of Investments

4
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Leading Chinese venture capital firm investing in technology, healthcare, and consumer sectors.

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Investment Banking and Brokerage Services

Subsector

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Beijing, China

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Subsector

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Keywords

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Marco DeMeireles

Marco DeMeireles

Marco DeMeireles is a Partner at TCG, an affiliate of The Chernin Group, where he leads venture capital and growth equity investments and serves as a member of the firm’s Investment Committee. Marco began his investing career at Technology Crossover Ventures, and subsequently joined Balyasny Asset Management (BAM) where he built and led their venture capital and growth equity businesses across sectors. At BAM, he was specifically responsible for developing the firm’s private investment business – leading the strategy’s venture capital investments, operations, and team-building. Marco was also responsible for proprietary sourcing, investment idea generation, transaction leadership, and portfolio company board oversight. During his tenure, Marco led the firm’s thesis development surrounding software-driven systems, marketplaces, financial technology, healthcare and consumer subscription business, which led to a dozen investments; most notably, the firm's 2017 investments into Peloton and Coinbase. His prior investments and directorships include: Acorns, Amount, Bright Machines, Coinbase, Cuebiq, Harness Wealth, Kindbody, Orbital Insight, Peloton, Spotify, Spring Labs, Tencent Music, and Zola amongst others. Recently, Marco has led investments across live streaming (ShopShops), consumer healthcare (Dadi) and end-of-life services (Better Place Forests) where he serves on the Boards of each. Education, Personal, and Fellowship Marco attended Williams College, where he earned a Bachelor of Arts degree. He has a philanthropic interest in education and entrepreneurship, serving on several related nonprofit boards, and remains an active supporter for the Network for Teaching Entrepreneurship (NFTE). Marco also is an advocate for emerging managers, serving on the Advisory Committee of Primary Venture Partners and Work-Bench, two seed-stage focused firms based in New York. Marco is a member of Class 23, serving his fellowship at TCG under the mentorship of Lior Susan, Managing Partner of Eclipse Ventures. He lives with his wife Joanne in New York.

current job

The Chernin Group
The Chernin Group

count Of Investments

7

count Of Exists

2
Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 

Lazy Audio acquired by Tencent Music Entertainment

acquirer

Tencent Music Entertainment
Tencent Music Entertainment

date

15.01.2021

type

Acquisition

price

$417M

Lazy Audio

Lazy Audio is a leading audio platform in China.

Sector

Media

Subsector

Radio and TV Broadcasters

Keywords

Audio, Music

Location

Shenzhen, Guangdong Province, China

total rounds

1
Exits
2
SMALL TECH

SMALL TECH

Small-Tech is a China-based operator of browser and mobile games.

Sector

Leisure Goods

Subsector

Electronic Entertainment

Location

Shenzhen, Guangdong Province, China

total rounds

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Warner Music Group

Warner Music Group

Warner Music Group brings together artists, songwriters, and entrepreneurs in the global entertainment industry.

Sector

Media

Subsector

Entertainment

Keywords

Music, Financial Services, Media and Entertainment

Location

New York, NY, USA

total rounds

2

total raised

$1.74M

count Of Investments

60

count Of Exists

8

People

Employee Profiles
9
TC Pan

TC Pan

Group vice president

Young Song

É çº æ è ç ç

Zhu Liang

Zhu Liang

Chief Executive Officer & Director

Guomin Xie

Guomin Xie

Co-president

Cussion Kar Shun Pang

Cussion Kar Shun Pang

Executive Chairman

Min Hu

Min Hu

Chief Financial Officer

Zhenyu Xie

Zhenyu Xie

President, Chief Technology Officer & Director

Activity

Recent News
9
News Timeline

The graph reveals the ratio (%) of positive news articles in a chosen time range

month