Tencent Music’s Annual Revenues Fall 9.3% on Shrinking Social Business
Tencent Music Entertainment Group (TME) reported a 9.3% decline in the company's annual revenues last year. TME owns streaming platforms QQ Music, Kugou and Kuwo, plus karaoke app WeSing. Revenues from its social entertainment services and others fell 19.8% in 2022 to RMB 15.86 billion.
Published 2 months ago
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