This has the potential for a lot of growth It has around 600 million users, although only about 15 million of them are paying subscribers.
Sounds similar to developed countries 10 years ago where piracy was big but eventually people are prepared to pay a little for legit music and easy access they will do that especially as China’s middle class grows.
Real potential to become similar to Spotify but with a huge population. They own QQ Music, KuGou and Kuwo.
Source
money.cnn.com/2018/07/09/technology/tencent-music-ipo-us/index.html
Disclaimer: Consult your financial professional before making any investment decision.
h/t psylence12345
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