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Liu Chiping resigned from Tencent Music Director, Zheng Runming took over, and the latter had financial management related background

via:凤凰网     time:2022/5/27 22:00:38     readed:88

On the evening of May 27, Tencent Music issued an announcement, announcing the changes in the board of directors.

The announcement showed that Liu Chiping decided to resign from the company's directors, and at the same time, Zheng Runming was appointed as a director.

Public information shows that Zheng Runming is currently the vice president of Tencent Holdings. Before joining Tencent Holdings in 2010, Zheng Runming assumed financial management functions in many companies including PwC and China Everbright Technology Co., Ltd.

Liu Chiping is currently the president of Tencent Holdings. Before joining Tencent Holdings in 2005, he was engaged in management consulting at McKinsey and chief operating officer of the executive director and telecommunications, media and technology industry groups in Goldman Sachs Asian Investment Banking.

On May 17, Tencent Music released the first quarter financial report, and revenue and net profit declined. The total revenue of Tencent Music in the first quarter was RMB 6.64 billion, a year -on -year decrease of 15.1%; the net profit attributable to shareholders of the company was 609 million yuan, a year -on -year decrease of 34%.

In the first quarter, music subscription revenue was 1.99 billion yuan, an increase of 17.8%year -on -year, and online music service revenue was 2.62 billion yuan, a year -on -year decrease of 4.8%. Social entertainment services and other revenue were 4.03 billion yuan, a decrease of 20.6%year -on -year.

In the first quarter of Tencent Music, the number of paid users of online music services was 80.2 million, an increase of 31.7%compared with the same period last year. The payment rate of online music services is 13.3%, which is higher than the fourth quarter and first quarter of fiscal year 2021. It is worth noting that Tencent Music's online music mobile monthly use households have decreased by 1.8%year -on -year to 604 million, and social entertainment monthly use households have decreased by 27.7%to 162 million. (Zheng Haojun)

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