General information and organization (Tables)

12 Months Ended

Dec. 31, 2023

General Information Organization And Basis Of Preparation [Abstract]

Summary of Significant Subsidiaries, VIEs, and Subsidiaries of VIEs

As at December 31, 2023, the Company’s significant subsidiaries, VIEs, and subsidiaries of VIEs were as follows:

	Place of incorporation	Date of Incorporation or acquisition	Equity Interest Held (direct or indirect)			Principal activities
Subsidiaries
Tencent Music Entertainment Hong Kong Limited (“TME Hong Kong”) (formerly known as “Ocean Music Hong Kong Limited”)	Hong Kong	July 2016*		100	%	Investment holding and music content distribution
Tencent Music (Beijing) Co., Ltd (“Beijing Tencent Music”) (formerly known as “Ocean Interactive (Beijing) Information Technology Co., Ltd.”)	PRC	July 2016*		100	%	Technical support and consulting services
Yeelion Online Network Technology (Beijing) Co., Ltd. (“Yeelion Online”)	PRC	July 2016*		100	%	Technical support and consulting services
Tencent Music Entertainment Technology (Shenzhen) Co., Ltd. (“TME Tech Shenzhen”)	PRC	February 2017		100	%	Technical support and consulting services
Guangzhou Shiyinlian Software Technology Co., Ltd. (“Guangzhou Shiyinlian”)	PRC	October 2019		100	%	Technical support and consulting services
Variable Interest Entities
Guangzhou Kugou Computer Technology Co., Ltd. (“Guangzhou Kugou”)	PRC	July 2016*		100	%	Online music and entertainment related services
Beijing Kuwo Technology Co., Ltd. (“Beijing Kuwo”)	PRC	July 2016*		100	%	Online music and entertainment related services
Subsidiaries of Variable Interest    Entities
Tencent Music Entertainment (Shenzhen) Co., Ltd. (“TME Shenzhen”)	PRC	July 2016*		100	%	Online music and entertainment related services
Shenzhen Lanren Online Technology Co., Ltd (“Shenzhen Lanren”)	PRC	March 2021		100	%	Audio platform

* Representing the entities acquired by the Group on July 12, 2016.

Summary of Condensed Separate Financial Statements

The following are major financial statements amounts and balances of the Group’s VIEs and subsidiaries of VIEs on a combined basis.

	As at December 31,
	2022			2023
	RMB’million			RMB’million
Total current assets		10,351			11,077
Total non-current assets		7,420			7,141
Total assets		17,771			18,218
Total current liabilities		(6,704	)		(6,632	)
Total non-current liabilities		(329	)		(317	)
Total liabilities		(7,033	)		(6,949	)

	Year ended December 31,
	2021			2022			2023
	RMB’million			RMB’million			RMB’million
Total revenues		30,949			27,426			26,770
Net loss		(209	)		(432	)		(302	)
Net cash (outflow)/inflow from operating activities		(671	)		(17	)		518
Net cash outflow from investing activities		(3,554	)		(379	)		(430	)
Net cash inflow/(outflow) from financing activities		3,462			252			(40	)
Net (decrease)/increase in cash and cash equivalents		(763	)		(144	)		48
Cash and cash equivalents, beginning of the year		1,397			634			490
Cash and cash equivalents, end of the year		634			490			538