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    Zhangxiang LiuCitigroup Inc.

    Zhangxiang Liu's questions to Tencent Music Entertainment Group (TME) leadership

    Zhangxiang Liu's questions to Tencent Music Entertainment Group (TME) leadership • Q1 2025

    Question

    Alex Liu from Citigroup asked about the growth opportunities for podcasts in China and requested details on TME's current long-form audio user metrics and revenue contribution.

    Answer

    An executive explained that while traditional podcasts have limited reach in China, TME is prioritizing broader long-form audio, including audiobooks and online literature. They noted this content plays a complementary role to music, drives SVIP adoption, and has shown significant growth in its user and subscriber base, though specific metrics were not disclosed.

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