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TME (Tencent Music Entertainment Group) Allowance For Loans And Lease Losses


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What is Tencent Music Entertainment Group Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


Tencent Music Entertainment Group Business Description

Traded in Other Exchanges
Address
Kexing Science Park, Kejizhongsan Avenue, Unit 3, Building D, Hi-Tech Park, Nanshan District, Shenzhen, CHN, 518057
Tencent Music is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.