TENCENT, UMG RE-UP

Tencent Music Entertainment Group and Universal Music Group have renewed their licensing agreement. TME will continue to have access to UMG's catalog for QQ Music, Kugou Music, Kuwo Music and WeSing.

Said UMG EVP of Market Development Adam Granite, “With our renewed focus on signing and supporting the best talent from across Greater China, we look forward to working with TME to help create compelling new experiences for fans across all TME platforms and expand on the opportunities available to UMG's family of artists in China."

TME Executive Chairman Cussion Pang added, "UMG has been an invaluable ecosystem partner to TME with deep mutual trust. Our diverse user demographics, large subscriber base, extensive industry insights and advanced technologies have positioned us as a partner of choice. With a shared passion for music, we look forward to enriching our cooperation and strengthening our ecosystem to promote growth and prosperity."