Tencent Songs Entertainment’s Main Method Officer Tony Yip to exit at the close of August

Tencent Audio Enjoyment Group has disclosed that Cheuk Tung aka Tony Yip has resigned from his function as the Company’s Main System Officer.

The exec’s departure, which TME states is for particular explanations, is efficient August 31, 2023.

Yip led TME’s two public listings on the New York Inventory Trade in 2018 and on the Hong Kong Inventory Trade in 2022.

As Main Method Officer at TME, Yip has been accountable for overseeing the music streaming giant’s general strategic growth, financial investment technique, investor relations, and cash marketplaces routines.

TME operates flagship music application QQ Songs, as well as Kugou, Kuwo, plus on the web karaoke services, WeSing,

As Chief Approach Officer, the exec has also been in cost of TME’s Ultimate Audio organization device, which offers on the web tunes solutions to sensible unit producers.

Prior to joining TME, Yip was Vice President of Baidu, Inc. since September 2015. There, he served as the Chief Fiscal Officer of Baidu’s search business team and Baidu’s head of investments, mergers and acquisitions.

Yip also beforehand served on the board of directors of Ctrip.com Global, Ltd. in between 2015 and 2017.

Prior to that, he worked at Goldman Sachs due to the fact 2007 and served as a Handling Director in technological innovation, media and telecom expenditure banking.

“On behalf of the Company, we would like to categorical our deep gratitude to Tony for his priceless contributions to TME’s achievements above the previous five several years.”

Cussion Pang, TME

Commenting on Yip’s departure from the organization, Cussion Pang, Government Chairman of TME, stated: “On behalf of the Firm, we would like to specific our deep gratitude to Tony for his invaluable contributions to TME’s achievements about the previous five several years.

“Since becoming a member of in 2018, Tony has led our two profitable general public listings on the New York Stock Exchange in 2018 and on the Hong Kong Stock Exchange in 2022.

“Tony’s specialist expertise was instrumental to TME’s enhancement by continually refining our strategic concentration, furnishing deep insights into the world on the internet songs and amusement sector, supporting company enhancement, money marketplaces and financial commitment procedures, and establishing self esteem in our Business amongst the trader neighborhood.”

“I am certainly grateful for Cussion, Ross and the Board for their have confidence in, as perfectly as for the guidance from absolutely everyone that I had been performing with in the course of my several years in TME.”

Tony Yip

Tony Yip additional: “It has been my biggest pleasure to be a aspect of TME. I sense enormous pride in the Company’s accomplishments about the years, specially its motivation towards driving the very long-term nutritious development of the on the internet tunes market and the incredible journey of developing its on-line music having to pay end users from fewer than 20 million from the commencing of 2018 to more than 90 million by the 1st quarter of 2023.

“I am certainly grateful for Cussion, Ross and the Board for their belief, as effectively as for the support from every person that I had been operating with during my yrs in TME.

“While I now glance forward to expending additional time with my household abroad and on pursuing other private passions, I am remarkably self-confident in the TME group and the Company’s long term probable as China’s primary on line audio and audio enjoyment system.”Songs Organization Worldwide