Financial Performance - Tencent Music reported total revenue of 28.401 billion RMB for the year ending December 31, 2024, representing a year-on-year growth of 2.34% [1] - The company's net profit attributable to shareholders reached 6.644 billion RMB, showing a significant year-on-year increase of 35.04% [1] Stock Performance - On May 2, Tencent Music's stock opened with a rise of 3.66%, closing at $13.86 per share, with a total trading volume of $1.385 million [1] - The company's total market capitalization stands at $21.468 billion [1] Upcoming Events - Tencent Music is scheduled to release its Q1 2025 financial report on May 12, with the actual disclosure date subject to company announcement [2] Company Overview - Tencent Music Entertainment Group is a leading online music and audio platform in China, operating popular music products such as QQ Music, Kugou Music, Kuwo Music, and WeSing [3] - The company provides a wide range of services including online music, audio streaming, karaoke, live performances, and social interactions centered around music [3] - Tencent Music aims to enhance user engagement and retention through a community-driven platform that integrates social features with music experiences [3] - The company collaborates closely with music labels and content owners for copyright protection and empowers artists in creation, distribution, and commercialization [3]