Leidi.com Rakuten July 17
Online music and audio entertainment platform Tencent Music Entertainment Group ("TME") (NYSE stock code: TME and HKEx stock code: 1698) announced today that Cheuk Tung Tony Yip will resign as the company's chief executive due to personal reasons. The company fully respects the personal wishes of strategic officers and other related positions. The above adjustments will take effect on August 31, 2023.
Peng Jiaxin, executive chairman of Tencent Music Entertainment Group, said: "Since joining the company in 2018, based on his rich professional knowledge and experience, Tony has continuously helped the company improve its strategic layout, played an important role in the development of TME, and effectively consolidated the company's It has strengthened the confidence of investors in the company's development, promoted the company's two successful listings in 2018 and 2022, and made important contributions to TME's gradual development into a leader in China's online music and audio entertainment services."
Ye Zhuodong said: "I am very honored to be a member of the TME family, and I am proud of the company's outstanding achievements over the years. Over the years, TME has continuously promoted the long-term and healthy development of China's online music industry and achieved many exciting achievements. It is an eye-catching milestone achievement, especially the number of paid online music users of the company, which was less than 20 million at the beginning of 2018, and has continued to grow to over 90 million in the first quarter of 2023, and will continue to be healthy Development, all benefited from the joint efforts of the company and industry colleagues."
"Here, I would also like to express my heartfelt thanks to Executive Chairman Cussion, CEO Ross and the Board of Directors for their full trust in me, as well as all my colleagues for their great support during my work at TME. In the future, I will spend more time overseas with my family , but no matter where I am, I always have full confidence in the TME team and the company's great potential as a leader in online music and audio entertainment in China."
Ye Zhuodong has many years of experience in investment banking, mainly serving large listed companies, start-ups and private equity funds in the TMT industry. He has been responsible for projects in China, Asia, the United States, Europe, Israel and Australia.
Before joining Tencent Music, Tony Yip, former managing director of Goldman Sachs, also joined Baidu in September 2015 as the general manager of the investment and mergers and acquisitions department, in charge of Baidu's investment and mergers and acquisitions.
It is reported that Tencent Music will announce on August 14, 2023 its financial results for the three and six months ending June 3, 2023.
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