Generated by PitchBook for Richard Kahn, HBRK tpitchBook Associates Last Updated: 03-Sep-2018 Tencent Music Entertainment Group (NYS) I Private Company Profile General Information pbID: 185834-26 Description Developer of a music streaming services platform designed to help creators post and share music and other audio files. The company's platform facilitates in uploading, recording, promoting and sharing originally created sounds to share music privately with their friends or publicly to blogs, sites and social networks, enabling them to distribute their work as well as the consumers to discover it. Company Status (as of 03-Sep-2018) The company is planning to spin out of Tencent Holdings and go public on the New York stock exchange under an undisclosed ticker symbol as of May 31, 2018. The expected offering amount is $30 billion. Previously, the company received $10 million of financing from Access Industries in January 2018. SonyATV Music Publishing and Universal Music Group also participated in the round. The company is being actively tracked by PitchBook. Entity Types Also Known As Formerly Known As Business Status Ownership Status Financing Status Private Company Acquirer THE China Music Generating Revenue In IPO Registration Private Equity-Backed Universe Parent Company Primary Industry Other Industries Verticals Private Equity Tencent Holdings Application Software Entertainment Software TMT, AudioTech Contact Information Primary Contact Cussion Pang Chief Executive Officer Primary Office China Top 5 Similar Companies # Name Competitor Financing Status HQ Growth Size Location Rate Multiple Last Last Financing Financing Date/Type Amount 1 2 Bubbl Qluge Formerly Accelerator/Incubator backed Accelerator/Incubator Backed New York, NY Stavanger, Norway 0.00% 0.20x 2018/M&A Accelerator/Inc 3 SoundCloud Venture Capital- Berlin, 0.10% 5,254.40x 2017/Series F $169.50M Backed Germany E