Tencent Music Entertainment 
PCCW 
In a leadership shakeup, Tencent Music Entertainment Group has announced that Zhu (“Ross”) Liang has been appointed as the company's new CEO, with Cussion Kar Shun Pang moving over to executive chairman of the company’s board of directors.According to the announcement, as CEO, Liang’s primary responsibility will be to oversee TME's QQ Music, Kugou Music, Kuwo Music, WeSing and long-form audio business. TME’s current chairman of the board, Tong Tao Sang (or "Dowson Tong"), will resign from that position as well as...
Tencent Music Entertainment
Cussion
Pang
CEO
Tencent Music Entertainment’s 10% stake in Universal Music Group, finalized in 2020, has not only elevated UMG’s valuation, it motivated Warner Music Group’s IPO as well, and the Chinese giant is already exercising an option to double its UMG stake. TME’s emergence as an industry player also signaled the long-hoped prospect of legitimate music commerce in China’s massive market, where copyrights have historically held little value. TME’s record climb illustrates China’s promising potential, reporting 47.1 million paid subscribers in the second quarter, up 51.9% over the prior year. On the charity side, TME partnered with Global Citizen for two benefit concerts in 2020, and indie-music program Tencent Musician organized 50 livestreamed shows for an audience of some 8 million.
