Tencent Music Entertainment Announces First Digital Commemorative Trophy in China’s Music Industry

Tencent Music Entertainment Announces First Digital Commemorative Trophy in China's Music Industry
Tencent Music Entertainment Announces First Digital Commemorative Trophy in China’s Music Industry

Tencent Music Entertainment Group (“TME” or the “Company”) (NYSE: TME), China’s leading online music and audio entertainment platform, today announced the winners of China’s music industry’s first digital commemorative trophy.

The digital commemorative trophy, which will be announced quarterly, is designed to reward individuals and groups who contribute to the industry and create social value through music. TME created the prize to express gratitude to music creators, professionals and music lovers, encouraging people to continue creating valuable content and initiatives for the entire industry.

In total, TME announced 11 trophies in the first round. One trophy went to Leslie Cheng’s legendary concert video, which has been updated with cutting-edge AI technology to bring back the passion and memories of 22 years ago to fans. One trophy went to the first group of TMELAND users to celebrate their efforts to create a new virtual music world with TME, and the other to 141 groups of artists who co-produced a relay race of eight live online concerts. Each participant of the “Form of Music” project was named for their benevolence in charity. In addition, several independent musicians have received awards for their quality work in music production. Inspired by vinyl records, the design of the trophy incorporates the cutting-edge technologies of TME’s digital collection that will make precious moments unforgettable forever.

The digital commemorative trophy represents TME’s continued commitment to strengthening China’s music ecosystem. On May 17, TME announced its financial results for the first quarter of 2022. TME achieved a strong 17.8% year-on-year growth in subscription revenue with a record number of over 80 million paying users. In addition to high performance, TME continues to focus on its dual engine platform and content strategy, and innovate around the four pillars of its musical entertainment: listening, watching, singing and playing.

As a leading player in China’s music industry, TME will continue its dedication and commitment to social values, ensuring long-term success and promoting the healthy development of the music industry.

About Tencent Music Entertainment Group

Tencent Music Entertainment Group (NYSE: TME) is China’s leading online music and audio entertainment platform that operates 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 enhance the role of music in people’s lives by allowing them to create, enjoy, share and interact with music. The TME platform includes online music, online audio, online karaoke, live music streaming and online concert services, allowing music lovers to find, listen, sing, watch, perform and connect around music. For more information visit ir.tencentmusic.com.

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