recently, Tencent released on Tencent music business architecture and high-level appointments. Mail, will be set up QQ music business lines and four departments.
QQ QQ music, the music business line is responsible for the national karaoke music products R & D operations, under the platform of product department, community products department, the Department of infrastructure and related organizations.
at the same time, the establishment of the Ministry of finance is responsible for the music, the music copyright Tencent; the establishment of copyright management department, responsible for the music copyright Tencent; the establishment of legal management department, the Tencent is responsible for the legal work of the music; the establishment of human resources, the group responsible for the relevant departments and the QQ music business line of human resources management.
in the high-level adjustment, Tencent music insiders also changed, respectively:
Hu Min appointed as the music Tencent CFO, the Tencent is responsible for the financial management of Tencent to music, music CEO Pang Ka letter report.
appointed Hou Deyang as vice president of Tencent music, responsible for QQ music business line comprehensive business and management, reporting to Peng Jiaxin.
appoints Wu Weilin as vice president of Tencent music group, the group responsible for the management of copyright, Pang Ka letter to report, and QQ music business line market.
Luo Yi as QQ
appointed Deputy General Manager of the music business line platform products, the group responsible for the relevant departments and QQ music business lines to human resources management, Pang Ka letter report.
Yang Qihu appointed as general counsel of Tencent, the Tencent is responsible for the music, music to legal management, Pang Ka letter report.
CMC, Co CEO Xie Zhenyu Xie Guomin as the New Music Group Co president, vice president of Tencent, the trust of the new music group CEO peng. After the merger, remain independent development of QQ music, cool dog, cool and other products and brands.
in July 15th this year, China Music Group and Tencent announced that Tencent will be merged with its QQ music business with CMC, accounting for more than 60% shares of Tencent, Xie Zhenyu, Xie Guomin holdings are not high, a total of not more than 20%.
in the Chinese music group and Tencent merger has clearly stated that the new music group to be listed separately.
Music Group in China before the merger was about $300 million round of financing, in which storm music invested $100 million, after this round of financing, the Chinese music group valuation reached $3 billion.