SHENZHEN, China, May 20, 2022 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the
"Company") (NYSE: TME), the leading online music and audio
entertainment platform in China,
today announced the recipients of the first digital commemorative
trophy in China's music
industry.
To be announced on a quarterly basis, the digital commemorative
trophy aims to honor individuals and groups who contribute to
promoting industry progress and creating social value through
music. TME created the trophy to show gratitude to music creators,
professionals and music lovers, encouraging people to continue to
create valuable content and initiatives for the whole industry.
TME announced a total of 11 trophies in the first batch. One
trophy went to Leslie Cheung's
legendary concert video, which was remastered with advanced AI
technology to bring back the passion and memories from 22 years ago
for fans. One trophy went to the first batch of users on TMELAND,
celebrating their efforts to build a new virtual music world with
TME, while another went to 141 groups of artists, who jointly
produced an eight-hour online live-streaming concert relay. Every
participant of the "Shape of Music" project was named for their
goodwill in charity. In addition, multiple indie musicians received
honors for their high-quality works of music creation. Inspired by
vinyl records, the trophy's design incorporated TME's leading
digital collection technologies, which would make the precious
moments memorable forever.
The digital commemorative trophy represents TME's continuous
dedication to invigorating China's
music ecosystem. On May 17, TME
announced its financial results for the first quarter of 2022. TME
delivered healthy 17.8% year-over-year growth in subscription
revenues, with a record-high number of over 80 million paying
users. Behind the solid performance, TME keeps focusing on its dual
engine content-and-platform strategy and innovating around the four
pillars of its music entertainment experience: listen, watch, sing
and play.
As a leading player in China's
music industry, TME will continue its devotion and commitment to
social value, driving momentum for long-term success and promoting
the healthy development of the music industry.
About Tencent Music
Entertainment Group
Tencent Music Entertainment Group
(NYSE: TME) is the leading online music and audio entertainment
platform in China, operating the
country's highly popular and innovative music apps: QQ Music, Kugou
Music, Kuwo Music and WeSing. TME's mission is to use technology to
elevate the role of music in people's lives by enabling them to
create, enjoy, share and interact with music. TME's platform
comprises online music, online audio, online karaoke, music-centric
live streaming and online concert services, enabling music fans to
discover, listen, sing, watch, perform and socialize around music.
For more information, please visit ir.tencentmusic.com.
Media Contact
TME.PR@icrinc.com
+1 (646) 992-2986
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SOURCE Tencent Music Entertainment
Group