Tencent Music Entertainment Group (TME) is a company that develops music streaming services for the Chinese market.
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This is a joint venture between Tencent and Spotify. Their apps, including QQ Music, Kugou, and Kuwo, have more than 700 million active users and 120 million paying subscribers. As of July 2016, Tencent Music's three services held an estimated 56% market share of music streaming services in China.
Tencent Music was created in July 2016, as a result of Tencent's purchase of China Music Corporation to strengthen its music offerings.
 On July 4, 2018, Sony/ATV Music Publishing acquired an equity stake in Tencent Music. In October 2018, the firm filed for IPOs of around $2 Billion in the United States.
In December 2018 the company announced an IPO with the total value of shares around $1.23 billion, which includes 82 million ADS and 164 million regular shares priced around $13 - $15 for each.
46.6% of Tencent Music class A ordinary shares is owned by Spotify.