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Kugou Music is a digital music interactive service provider with strong technological innovation genes in China. It is committed to providing complete solutions for Internet users and the development of the digital music industry.
Kugou has made bold attempts in the development of digital music, cooperated with record companies and copyright management agencies to explore development, accumulated music copyrights, and made efforts to promote a wide range of cross-industry and cross-platform cooperation. Kugou provides users with user-friendly functions, implements multi-source downloading, and improves download speed. The first in China to provide online audition function. In 2016, Kugou Music, QQ Music, and Kuwo Music merged into "Tencent Music Entertainment Group (TME). In 2019, Kugou officially announced the launch of an open platform for musicians.
In 2018, Kugou Music version 9.0 is released, with more freedom and better understanding of you! 17 million genuine music library; more than 1,100 patent applications; Kugou Viper's sound effect innovation launches the ultimate sound effect "5.1 panoramic sound effect" and launches Kugou Super Karaoke Machine, opening up home entertainment Upgrade to a new era; launch the Kugou Music Enlightenment Early Education Machine to enter the children's education market; establish a national music mass innovation incubation base
On February 1, 2018, the "2017 Kugou Live Broadcast" was hosted by Kugou. "Annual Music Festival" came to a successful conclusion in Guangzhou. The event achieved a cumulative viewership of 18.35 million. Kugou Live invited Li Yuchun, Lin Zhixuan, Yang Zongwei, Li Yugang, Mao Buyi and many other stars to join in to sing on the same stage with the live broadcast singers, and also for 10 groups Outstanding live broadcast singers are awarded the first, second and third place in the annual anchor award, and the best live broadcast male and female singer.
On December 13, 2018, Tencent Music Entertainment Group, the parent company of Kugou Music, was listed on the New York Stock Exchange. , stock code "TME", opened at US$14.10, an increase of 8.5% from the issue price of US$13. Based on the opening price, Tencent Music Entertainment Group's market value was approximately US$23 billion, an increase of 7.69% from the issue price.