Tencent Music quarterly revenue rises 39pct

15-May-2019 Intellasia | Reuters | 6:00 AM Print This Post

China’s Tencent Music Entertainment Group reported a 39 percent increase in quarterly revenue on Monday, as more users paid for its music streaming services.

The company, controlled by Chinese tech giant Tencent Holdings Ltd, reported net income of 986 million yuan ($143.39 million) in the first quarter ended March 31.

Tencent Music said revenue jumped 39 percent to 5.74 billion yuan ($834.73 million). ($1 = 6.8765 Chinese yuan renminbi) (Reporting by Akanksha Rana in Bengaluru; Editing by Anil D’Silva)



Category: China

Print This Post