Jin10 data reported on August 12th, Tencent Music (01698.HK) announced on the Hong Kong Stock Exchange that its total revenue for the second quarter was 8.44 billion yuan, a year-on-year rise of 17.9%, and the adjusted net profit was 2.64 billion yuan, a year-on-year rise of 33.0%. Among them, online music service revenue rose by 26.4% year-on-year to 6.85 billion yuan, the number of paid online music users increased by 6.3% year-on-year to 124.4 million, and the average monthly revenue per paid user increased from 10.7 yuan in the same period of 2024 to 11.7 yuan.

ChainCatcher message, the AI and Blockchain-driven music platform Fireverse tweeted that any FIR Token currently in circulation is fake, and there has been no private sale or Launchpad issuance. Users are advised to stay vigilant.

GF Securities analysis believes that the opportunities in the media zone lie in three aspects: the IP and games that enhance prosperity, advanced technologies in AI applications, and the stable performance of leading internet companies. The summer peak season for games drives prosperity upward, while AI exploration and music streaming also have good prospects.

The latest single "What Did I Miss?" by pop music superstar Drake has sparked heated discussions, as its lyrics cleverly compare his fluctuating emotional life with the dramatic fluctuations of Bitcoin Price Volatility.

Led by the Spotify user community, UnwrappedDAO voted to sell its first dataset to the AI music platform SoloAI, marking another milestone in user data ownership and the rise of Data Collectives. This vote achieved an overwhelming victory with a support rate of 99.48%, realizing the true return of data value to data owners, while SoloAI will be able to obtain high-quality, real-time, user-permissioned data, further promoting the rapid development of its AI models.

Gate News bot message, the Spotify user community Unwrapped DAO has voted to tokenize members' Spotify usage data and sell it to the AI music platform SoloAI. This data transaction is completed through the decentralized infrastructure of the data sovereignty protocol Vana. According to the trading arrangement, participating users will receive VRC-20 after gathering data.

Gate News bot message, the latest vote in the Unwrapped DAO community has approved a data trading proposal. This community consists of Spotify users who decided to tokenize their Spotify usage data through Vana's decentralized infrastructure and sell it to the AI music platform SoloAI. In this transaction, community members gather data.

According to Gate News bot, Bloomberg reported that since the end of 2023, the stock prices of Tencent Music Entertainment Group and its smaller competitor NetEase Cloud Music have risen more than double in Hong Kong, outperforming most of their Chinese internet peers. Meanwhile, both companies are focusing on monetizing their loyal user base while enhancing their podcast and live streaming services.

Jin10 reported on June 11 that regarding the company's full acquisition by the Hong Kong-listed Tencent Music Entertainment Group, Himalaya stated to reporters that the acquisition will be formally delivered after all preconditions are met. Based on past relevant cases, this generally takes around one year or even longer. Currently, Himalaya is still operating as an independent entity.

CITIC International released a report indicating that Tencent Music's revenue rose by 9% in the first quarter, and net profit grew by 25%, exceeding market expectations. It predicts a 6% upward adjustment in earnings for 2025-2027, with a target price raised to $17.5. It believes that Tencent Music will continue to rise in 2025 due to its competitive barriers and business model, maintaining a "buy" rating.

Golden Ten Data reported on May 14 that Morgan Stanley issued a report, raising the target price of Tencent Music (TME.N) by 12.2% from $14.7 to $16.5, and maintaining an investment rating of "overweight". Da Mo explained that the price target of Tencent Music was raised at a 30% discount based on the market value of Tencent Music's long-term strategic investment (in line with the bank's strategy with Tencent), including a 2% stake in Spotify, a 2% stake in UMG and a 0.8% stake in Warner Music Group. These are equivalent to the value of $2 per American Depositary Receipt (ADS). Tencent Music's affiliates (consortium) allocated UMG shares to Tencent Music in 2019, and the first quarter of 2025 was the trigger for this change.

Jin10 reported on April 25 that on April 24, news emerged that Himalaya would be acquired by Tencent Music Group. The reporter sought confirmation on this matter. On April 24, Tencent Music stated to the reporter that similar news had circulated earlier. On the afternoon of April 25, Himalaya responded to the reporter, stating that they were not aware of the "sale" matter. (Everyday)

Fireverse announced that V-BOX, the world's first AI music DePIN node, has officially opened its pre-sale, limited to 50,000 nodes at a price of $500. Purchasers can receive an airdrop of $FIR tokens with a total value of 500 USDT and enjoy multiple rewards by staking $FIR tokens. The staking limit is 2,000 $FIR/node, and you can choose to lock up for up to 360 days to enjoy 250% annualized returns, and enjoy exclusive token subscription rights.

Jin10 data reported on April 8th that Nomura issued a report stating that in the context of economic slowdown, Tencent Music (TME.N) offers reasonably priced entertainment services, thus initially assigning a "Buy" rating and setting a target price of $17.2 for the U.S. stock. Nomura estimates that based on online music revenue, Tencent Music's market share will exceed 70% in 2024.

Odaily Planet Daily News Eason Technology, a blockchain intellectual property protection company listed on the New York Stock Exchange, announced the completion of a HK $1.5 million financing, with Renying Capital participating. After the transaction is completed, Renying Capital will own 15% of the total equity of the company. The new funds are intended to be used to explore the deployment of blockchain solutions in the fields of copyright and intellectual property in literature, music, film and television, drama, and games. (prnewswire)

Gate.io exclusive Token of Love music festival in Hong Kong, sponsored by Gate.io, will be held in Hong Kong as an official special event of Consensus conference, expected to attract 5000 attendees. tripleS will take the stage. Tickets are obtained through a screening registration mechanism, and the application channel is now open. Music enthusiasts can apply through the original link.

The Token of Love Hong Kong Music Festival presented by Gate.io will make its debut in Hong Kong in 2025, inviting rock guitarist MIYAVI to join the performance, expected to attract 5,000 attendees. The music festival tickets are by application only, and the application channel is now open.

On November 28th, Jin10 Data learned from Beishida that the company is not involved in industrial robots, humanoid robots, or other robot parts supply in the robot racing industry. Artificial intelligence is mainly applied in the company's smart pet series. The recently launched Piker focuses on the recognition and shooting of cat and dog pets, automatically collects original pet materials, intelligently matches music, and intelligently completes shooting, editing, and production, providing cloud companionship for pet owners anytime, anywhere. Currently, this business accounts for a relatively small proportion of revenue.

Payment company Block announced a refocus on BTCMiner devices and self-hosted encryptionWallet development, partially driven by abandoning its 'Web5' Decentralization Internet project and reducing investments in Tidal music streaming. This move coincides with news of Trump's promise to create a more favorable environment for the Crypto Assets industry. Block's third-quarter revenue fell short of expectations, leading to a 10% drop in stock price.

Twitter co-founder Jack Dorsey's payment company, Block (SQ), plans to refocus on building devices for BTC Miners and self-hosted encryption Wallets, abandoning the creation of a new type of Decentralization Internet called 'Web5' and reducing investment in the Tidal music streaming app. The decision was announced in the same week that Trump won the US presidential election, after he promised to provide a more crypto-friendly environment for the US. Block's financial report shows that revenue in the third quarter was $5.98 billion, lower than the average Wall Street analyst's expectation of $6.24 billion.

Jack Dorsey's payment company Square (SQ) plans to invest in BTCMiner and self-hosted encryptionWallet devices, with some of the funding coming from the abandonment of creating a new type of Decentralization Internet for Web5, and reducing investment in the music streaming app Tidal. This decision was announced after Trump was elected President of the United States. After announcing its third-quarter financial performance, the company's stock price fell by 10% at one point.

Australian listed music company Vinyl has acquired the assets of London Serenade through an acquisition of up to $1.6 million in equity, marking Vinyl's expansion into the UK and European markets and strengthening its product offerings in the digital collectibles space. According to protocol, Vinyl has already pre-paid $553,000 in equity, with an additional $1 million contingent on revenue and profit targets.

Decentralized music streaming platform Tune.fm announced a financing of $50 million, and the new funds will be used to provide liquidity for JAMToken, which is used to reward artists and users on the platform. The platform integrates the Non-fungible Token market, and artists' music will receive small rewards for every second of playback. Users can earn tokens by discovering and listening to newly promoted songs. The platform is supported by the Hedera blockchain.

According to Jinse Finance, Jeff Nicholas, former creative director of Yuga Labs for Bored Apes Yacht Club, will join Meta's Reality Labs as executive producer for mixed reality entertainment experiences. The main responsibilities of this position are to "serve as a key creative lead for teams responsible for complex development projects" and "provide guidance for our entire social and interactive content across music, comedy, sports, and film/television."

Morgan Stanley lowered its earnings per share forecast and target price for Tencent Music for 2024-2026, but maintained an overweight rating. The firm expects Tencent Music's annualized compound earnings per share growth rate to be 20% from 2024 to 2026, with macroeconomic and competitive risks lower than most other vertical industries. Despite the guidance for net user additions per quarter slowing down from the second half of the year, the mid-term target is maintained unchanged until 2028.

Jinshi data, August 13 news, Ali Tongyi's large model continues to be Open Source, and the Qwen2 series Open Source family has added the audio language model Qwen2-Audio. Qwen2-Audio can directly perform voice Q&A without the need for text input, understand and analyze the audio signals input by users, including human voice, natural sound, music, etc. The model has significantly surpassed the previous best models in multiple authoritative evaluations. Tongyi team also simultaneously released a new trap audio understanding model evaluation Benchmark, and the related paper has been selected for the international top conference ACL2024 being held this week.

Golden Finance reported that Universal Music Group announced a multi-year expansion protocol with Meta Platforms to further develop creative and commercial opportunities for its artists and songwriters on Meta platforms such as Facebook and Instagram. The statement stated that the new protocol reflects the two parties' commitment to protecting human creators and art, including ensuring fair compensation for artists and songwriters. As part of the multifaceted cooperation, Meta and Universal Music will continue to work together to address unauthorized AI-generated content that may affect artists and songwriters.

Morgan Stanley released a report, expecting that the stock price of Tencent Music will rise in the next 60 days, with a probability of over 80%, and a target price of $19, with a 'buy' rating. It is believed that the fundamental factors of Tencent Music are stable, and it is the least affected by macro environment and competition within the coverage of the bank. The stock valuation is equivalent to a P/E ratio of less than 15 times in 2025, and it is believed that there is still room for rise in all aspects. At the same time, it is expected that the second-quarter performance and third-quarter guidance of Tencent Music will be slightly higher than market expectations.

On July 24th, Jinshi Data reported that Omdia's latest forecast shows that the global music retail sales will continue to rise, marking the tenth consecutive year of rise. By the end of the forecast period, the number of years of sales rise will be equal to the total number of years of decline at the beginning of the 21st century. It is expected that by the end of 2024, global sales will reach 43.9 billion US dollars, surpassing 50 billion US dollars in 2027, and reaching 53.4 billion US dollars in 2028.

UK June service sector inflation rate was 5.7%, higher than the Central Bank's forecast, but mainly due to the rise in hotel and music event prices, and is expected to fall back. If the data were collected on the day of Taylor Swift's event, its impact may be greater than expected.