Tencent Music: Is Its Partnership With Geely & Xiaomi the Future of In-Car Entertainment?

Tencent Music Entertainment Group’s second quarter of 2025 demonstrates a blend of growth across its diversified service portfolio, delivering a robust financial performance and showcasing strategic advancements in both content and platform services. Positively, the group’s revenue reached a record high of RMB 8.4 billion, representing an 18% year-over-year increase. This growth was primarily fueled by its online music services, which saw a notable 26% year-on-year revenue increase, reaching RMB 6.9 billion. Within this, music subscription revenue climbed 17% year-on-year to RMB 4.4 billion, driven by an expansion in subscriber numbers and an increase in monthly Average Revenue Per Paying User (ARPPU). This trajectory is supported by the introduction and enhancement of SVIP privileges providing value-added services, such as premium sound quality and prioritized access to concert tickets and artist merchandise.