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Tencent Music / China

Tencent Music Royalty Rates: China

Tencent Music in China benchmarks at $3.23 RPM for the paid streaming tier through Mar 2026. In China's platform ladder, that sits 1 of 6 alongside comparable rows from Apple Music and AllSaints Music Group. It is 2.0x the local published median of $1.59. The 12-month average is $2.91, with the latest reading +27.0% vs. 90 days prior. Paid is 6.3x the free/ad-supported RPM.

Paid - Streaming

$3.23

RPM, USD per 1k streams

12-month average

$2.91

90-day movement

+27.0%

Market Profile

Tencent Music in China

Service median

1.0x median

Service leader

current high

Market percentile

-

Paid / free

6.3x

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Benchmark Rows

Tier RPM
Free - Ad-supported $0.51
Paid - Streaming $3.23

Tier Split

Paid - Streaming

39.78%

$3.23

Free - Ad-supported

60.22%

$0.51

Rate History

Mar 2026

$3.57

-0.03

Feb 2026

$3.60

+0.79

Jan 2026

$2.81

—

Dec 2025

$2.81

-1.36

Nov 2025

$4.17

+1.35

Oct 2025

$2.82

+0.73

Sep 2025

$2.09

-0.91

Aug 2025

$3.00

+0.33

Jul 2025

$2.67

-0.08

Jun 2025

$2.75

+0.01

May 2025

$2.74

+0.80

Apr 2025

$1.94

-

Market Ladder

China, USD per 1k

# Platform RPM
01
Tencent Music
$3.23
02 Apple Music $2.34
03 AllSaints Music Group $2.25
04 NetEase $0.93
05 NetEase $0.91
06
Tencent Music
$0.51

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Source

Dynamoi royalty ledger

Method

Aggregated, anonymized RPM

Coverage

High coverage