Tencent Music completed its investment in Radio Music Warehouse.

Tencent Music Entertainment, a company that develops music streaming services for the Chinese market, completed its investment in Radio Music Warehouse, music company that provides music streaming solutions to business use in China. Financial terms were not disclosed. "Radio Music has a professional music-for-business service system and comprehensive offline coverage resources. Through this investment, we will jointly explore music-for-business market to add value to our music ecosystem. TME will offer more diversified music content to resolve the challenge of a shortage of content for music solutions to business, and develop brand-new content promotion and distribution models in to provide a stage for artists and high-quality work everywhere. We also look forward to a strong synergy between music-for-business service and our existing online music and social entertainment services, to bring users a more professional, immersive music experience that drives the healthy development of the music-for-business industry and the music industry as a whole," Tony Yip, TME Chief Strategy Officer.