Tencent Music Entertainment Group

Launch of QQ Music, Kugou, Kuwo, WeSing and Lazy Audio QQ Music : In 2003, QQ , the social network operated by Tencent, launched its online music services. In 2005, QQ Music commenced operations. Kugou : In 2004, Kugou Music was launched. In February 2006, Guangzhou Kugou Computer Technology Co., Ltd., or Guangzhou Kugou, was incorporated in China and commenced the operations of Kugou Music . In September 2012, Guangzhou Kugou commenced offering its live streaming services through Fanxing Live , which was rebranded to Kugou Live in December 2016. Kuwo : In December 2005, Beijing Kuwo Technology Co., Ltd., or Beijing Kuwo, was incorporated in China and commenced its operations of Kuwo Music . Beijing Kuwo and its then shareholders subsequently entered into a series of contractual arrangements with Yeelion Online Network Technology (Beijing) Co., Ltd., or Yeelion Online, through which Yeelion Online acquired effective control over Beijing Kuwo. In March 2013, Beijing Kuwo launched Kuwo Live to offer live streaming services. WeSing : In September 2014, WeSing commenced offering its online karaoke services. Lazy Audio : We launched Kuwo Changting , our long-form audio app, in April 2020. In April 2021, we integrated Kuwo Changting with Lazy Audio , a well-established audio platform in China operated by Shenzhen Lanren which we acquired in March 2021, and re-imaged the brand Lazy Audio (formerly branded as Lanren Changting during the relevant periods).