TME, which runs music services QQ Music, Kugou and Kuwo in China, ended 2019 with 39.9m paying music users worldwide. The company told investors in a full-year update on March 16 that its online music subscribers paid $160m to the firm during the course of Q4 2019.
Source: Tencent Music makes equity investment in Chinese music-for-business service, Radio Music Warehouse