Browsing: Tencent

Tencent Music Entertainment Group has seen its fair value estimate move from US$13.17 to US$12.58, signalling a modest trim to the price target in the latest update. This shift lines up with recent analyst commentary that points to more cautious assumptions on growth and execution, including a move by one firm to a Hold rating…

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September 2, 2026 By Music Business Worldwide Credit: SM Entertainment/TMESuper Junior-M’s Zhoumi

SM Entertainment has formed a Beijing-based joint venture (JV) with Tencent Music Entertainment Group (TME) to expand its business across Chinese-speaking markets. Named STE, the company will develop Chinese artists, support SM acts in the region, and launch a new Chinese idol group within two to three years.

GIGA is developing autonomous AI agents for games and virtual worlds August 28, 2026 Prefer PocketGamer.biz on Google

On August 12, Tencent Music Entertainment Group (NYSE:TME) held its second-quarter 2026 earnings call, and the numbers told a story bigger than a music app. Total revenue reached RMB 8.9 billion, up 6% year over year, with the freshly consolidated audio platform Ximalaya adding roughly RMB 0.4 billion of that total. Music-related services revenue climbed…

Tencent Music’s Q2 2026 revenue reached $1.32B, buoyed by the consolidation of audio platform Ximalaya.

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