Tencent Music Entertainment Group (TME) is China's leading online music and audio entertainment platform, operating QQ Music, Kugou Music, Kuwo Music and WeSing, and since May 2026 the long-form audio platform Ximalaya, which it acquired as a wholly-owned subsidiary. Formed in 2016 when Tencent combined its online music business with China Music Corporation (Kugou and Kuwo), the company offers music streaming, online karaoke, live streaming and audio content. TME is listed on the New York Stock Exchange (NYSE: TME) and the Hong Kong Stock Exchange (HKEX: 1698), and is controlled by Tencent.
Tencent Music Entertainment [TME] is publicly traded
Listed directly on Sep 21, 2022
This company is no longer available on our private secondary market. Shares can be traded publicly under 1698.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2016
Employees
5,001–10,000
Total Funding
$948.6M
5 rounds
Completed $2.4B acquisition of Ximalaya, making it a wholly-owned subsidiary of TME.
Consolidates China online-audio market; expands TME's content moat beyond music.
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $948.6M across 5 rounds
Last updated 09-11-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Oct 3, 2018 | Strategic — Warner Music Group & Sony Music | $200M | — | WMG China LLC (Warner Music Group), Sony Music Entertainment |
| Mar 2018 | Pre-IPO placement (existing shareholders) | $210M | — | Not disclosed |
| Jan 2018 | Pre-IPO private placement | $238.6M | — | Not disclosed |
Cussion Kar Shun Pang
Executive Chairman
Ross Liang
Chief Executive Officer
Min Hu
Chief Financial Officer
Yes, Tencent Music Entertainment [TME] is publicly traded under the ticker symbol 1698 on the HKEX. The company went public in Sep 21, 2022.
Tencent Music Entertainment [TME] trades under the ticker symbol 1698 on the HKEX. It began trading in Sep 21, 2022.
Tencent Music Entertainment [TME] (1698 on the HKEX) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker 1698 to place an order.
Tencent Music Entertainment [TME] went public in Sep 21, 2022 via direct_listing. Tencent Music has traded on the New York Stock Exchange (TME) since its December 2018 IPO at US$13.00 per ADS, and on the Main Board of the Hong Kong Stock Exchange (1698) since a September 2022 secondary listing by way of introduction, which raised no new capital. Tencent has been its controlling shareholder since 2016.
Tencent Music Entertainment [TME] raised $948.6M across 5 disclosed funding rounds prior to its public listing.
Tencent Music Entertainment [TME] is headquartered in Shenzhen, China.
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