Tencent Music Entertainment (TME) 20-F 9 Apr 21 2020 FY Annual report (foreign) Financial data

Cover Page

Cover Page	12 Months Ended
	Dec. 31, 2020shares
Document Information [Line Items]
Document Type	20-F
Document Period End Date	Dec. 31, 2020
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Registrant Name	Tencent Music Entertainment Group
Entity Central Index Key	0001744676
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Accounting Standard	International Financial Reporting Standards
Entity Interactive Data Current	Yes
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Registration Statement	false
Entity File Number	001-38751
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	17/F, Matsunichi Building, Kejizhongyi Road
Entity Address, Address Line Two	Midwest District of Hi-tech Park, Nanshan District
Entity Address, City or Town	Shenzhen
Entity Address, Country	CN
Entity Address, Postal Zip Code	518057
ICFR Auditor Attestation Flag	true
Business Contact
Document Information [Line Items]
Entity Address, Address Line One	17/F, Matsunichi Building, Kejizhongyi Road
Entity Address, Address Line Two	Midwest District of Hi-tech Park, Nanshan District
Entity Address, City or Town	Shenzhen
Entity Address, Country	CN
Entity Address, Postal Zip Code	518057
Contact Personnel Name	Ms. Min Hu
Contact Personnel Email Address	ir@tencentmusic.com
American Depositary Shares
Document Information [Line Items]
Trading Symbol	TME
Entity Common Stock, Shares Outstanding	3,385,143,738
Title of 12(b) Security	American depositary shares, each ADS represents two Class A ordinary shares, par value US$0.000083 per share
Security Exchange Name	NYSE
Class A Ordinary Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	1,670,004,560
Class B Ordinary Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	1,715,139,178

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Line Items]
Total revenues	¥ 29,153	¥ 25,434	¥ 18,985
Cost of revenues	(19,851)	(16,761)	(11,708)
Gross profit	9,302	8,673	7,277
Selling and marketing expenses	(2,475)	(2,041)	(1,714)
General and administrative expenses	(3,101)	(2,703)	(2,258)
Total operating expenses	(5,576)	(4,744)	(3,972)
Interest income	622	615	282
Other (losses)/gains, net	362	78	(29)
Share-based payments arising from issuance of ordinary shares to music label partners			(1,519)
Operating profit	4,710	4,622	2,039
Share of net (loss)/profit of investments accounted for using equity method	19	(18)	(1)
Finance cost	(97)	(64)	(35)
Profit before income tax	4,632	4,540	2,003
Income tax expense	(456)	(563)	(171)
Profit for the year	4,176	3,977	1,832
Attributable to:
Equity holders of the Company	4,155	3,982	1,833
Non-controlling interests	21	(5)	(1)
Profit for the year	¥ 4,176	¥ 3,977	¥ 1,832
Class A And Class B Ordinary Shares
Earnings per share for Class A and Class B ordinary shares
Basic	¥ 1.25	¥ 1.22	¥ 0.60
Diluted	1.24	1.19	0.58
American Depositary Shares
Earnings per share for Class A and Class B ordinary shares
Basic	2.51	2.43	1.19
Diluted	¥ 2.47	¥ 2.38	¥ 1.16
Online Music Services
Income Statement [Line Items]
Total revenues	¥ 9,349	¥ 7,152	¥ 5,536
Social Entertainment Services And Others
Income Statement [Line Items]
Total revenues	¥ 19,804	¥ 18,282	¥ 13,449

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of comprehensive income [abstract]
Profit for the year	¥ 4,176	¥ 3,977	¥ 1,832
Items that will not be reclassified subsequently to profit or loss
Fair value changes on financial assets at fair value through other comprehensive income	5,219	1,031	(675)
Currency translation differences	(1,363)
Items that may be subsequently reclassified to profit or loss
Currency translation differences	77	261	552
Share of other comprehensive loss of an associate	(9)	(1)
Total comprehensive income for the year	8,100	5,268	1,709
Attributable to:
Equity holders of the Company	8,079	5,273	1,710
Non-controlling interests	21	(5)	(1)
Total comprehensive income for the year	¥ 8,100	¥ 5,268	¥ 1,709

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - CNY (¥) ¥ in Millions	Dec. 31, 2020	Dec. 31, 2019
Non-current assets
Property, plant and equipment	¥ 176	¥ 179
Right-of-use assets	311	148
Intangible assets	2,020	1,622
Goodwill	17,492	17,140
Investments accounted for using equity method	2,255	489
Financial assets at fair value through other comprehensive income	9,771	4,461
Other investments	349	217
Prepayments, deposits and other assets	956	816
Deferred tax assets	303	192
Term deposits	2,953	500
Total non-current assets	36,586	25,764
Current assets
Inventories	18	26
Accounts receivable	2,800	2,198
Prepayments, deposits and other assets	2,846	2,220
Other investments	37	38
Short-term investments		6
Term deposits	14,858	7,000
Cash and cash equivalents	11,128	15,426
Total current assets	31,687	26,914
Total assets	68,273	52,678
Equity attributable to equity holders of the Company
Share capital	2	2
Additional paid-in capital	35,044	34,425
Shares held for share award schemes	(78)	(31)
Treasury shares	(134)
Other reserves	6,300	2,187
Retained earnings	11,111	7,007
Equity attributable to equity holders of the Company	52,245	43,590
Non-controlling interests	486	88
Total equity	52,731	43,678
Non-current liabilities
Notes payable	5,175
Accounts payable	136
Other payables and other liabilities	68	68
Deferred tax liabilities	265	297
Lease liabilities	218	78
Deferred revenue	78	67
Total non-current liabilities	5,940	510
Current liabilities
Accounts payable	3,565	2,559
Other payables and other liabilities	3,881	3,782
Current tax liabilities	445	386
Lease liabilities	103	69
Deferred revenue	1,608	1,694
Total current liabilities	9,602	8,490
Total liabilities	15,542	9,000
Total equity and liabilities	¥ 68,273	¥ 52,678

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - CNY (¥) ¥ in Millions	Total	In associates	Musical Label Partners	Share Capital	Additional Paid-In Capital	Additional Paid-In CapitalIn associates	Additional Paid-In CapitalMusical Label Partners	Shares Held for Share Award Schemes	Treasury shares [member]	Other Reserves	Other ReservesIn associates	(Accumulated Deficits)/ Retained Earnings	Total Attributable to Equity Holders of the Company	Total Attributable to Equity Holders of the CompanyIn associates	Total Attributable to Equity Holders of the CompanyMusical Label Partners	Non-Controlling Interests	Non-Controlling InterestsIn associates
Beginning balance at Dec. 31, 2017	¥ 26,148			¥ 2	¥ 23,915					¥ 997		¥ 1,227	¥ 26,141			¥ 7
Comprehensive Income
Profit for the year	1,832											1,833	1,833			(1)
Fair value changes on financial assets at fair value through other comprehensive income	(675)									(675)			(675)
Currency translation differences	552									552			552
Total comprehensive income for the year	1,709									(123)		1,833	1,710			(1)
Issuance of ordinary shares	2,433	¥ 241	¥ 2,905		2,433	¥ 1,027	¥ 2,905				¥ (827)		2,433	¥ 200	¥ 2,905		¥ 41
Issuance of ordinary shares upon initial public offering	3,496				3,496								3,496
Share-based compensation—value of employee services										840
Share-based compensation—value of employee services and business cooperation arrangements	840									840			840
Additional investment in a non-wholly owned subsidiary										(4)			(4)			4
Appropriations to statutory reserves										20		(20)
Total transactions with equity holders at their capacity as equity holders for the year	9,915				9,861					29		(20)	9,870			45
Ending balance at Dec. 31, 2018	37,772			2	33,776					903		3,040	37,721			51
Comprehensive Income
Profit for the year	3,977											3,982	3,982			(5)
Fair value changes on financial assets at fair value through other comprehensive income	1,031									1,031			1,031
Share of other comprehensive losses of an associate	(1)									(1)			(1)
Currency translation differences	261									261			261
Total comprehensive income for the year	5,268									1,291		3,982	5,273			(5)
Issuance of ordinary shares	12				12								12
Exercise of share options/ Restricted share units("RSUs")	172				637					(465)			172
Non-controlling interests arising from business combination	48															48
Share-based compensation—value of employee services	519									519			519
Shares held for share award schemes	(31)							¥ (31)					(31)
Additional investment in a non-wholly owned subsidiary	(84)									(76)			(76)			(8)
Capital contribution by non-controlling interests	2															2
Appropriations to statutory reserves										15		(15)
Total transactions with equity holders at their capacity as equity holders for the year	638				649			(31)		(7)		(15)	596			42
Ending balance at Dec. 31, 2019	43,678			2	34,425			(31)		2,187		7,007	43,590			88
Comprehensive Income
Profit for the year	4,176											4,155	4,155			21
Fair value changes on financial assets at fair value through other comprehensive income	5,219									5,219			5,219
Share of other comprehensive losses of an associate	(9)									(9)			(9)
Currency translation differences	(1,286)									(1,286)			(1,286)
Total comprehensive income for the year	8,100									3,924		4,155	8,079			21
Exercise of share options/ Restricted share units("RSUs")	190				619					(429)			190
Non-controlling interests arising from business combination	367															367
Share-based compensation—value of employee services	569									569			569
Shares held for share award schemes	(47)							(47)					(47)
Repurchase Of Shares	(134)								¥ (134)				(134)
Additional investment in a non-wholly owned subsidiary	(2)									(2)			(2)
Disposal of a subsidiary	10															10
Appropriations to statutory reserves										51		(51)
Total transactions with equity holders at their capacity as equity holders for the year	953				619			(47)	(134)	189		(51)	576			377
Ending balance at Dec. 31, 2020	¥ 52,731			¥ 2	¥ 35,044			¥ (78)	¥ (134)	¥ 6,300		¥ 11,111	¥ 52,245			¥ 486

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS ¥ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Cash flows from operating activities
Cash generated from operations	¥ 4,945	¥ 6,188	¥ 5,604
Interest received	577	576	249
Income taxes paid	(637)	(564)	(221)
Net cash inflow from operating activities	4,885	6,200	5,632
Cash flows from investing activities
Payments for business combinations, net of cash acquired	(540)	(45)	(1,090)
Payments for settlement of pre-acquisition dividends payable of CMC			(19)
Cash acquired from business combinations under common control			397
Purchase of property, plant and equipment	(108)	(95)	(132)
Purchase of intangible assets	(393)	(191)	(12)
Net proceeds from short term investments	6	36	11
Placement of term deposits with initial terms of over three months	(30,643)	(12,050)
Receipt from maturity of term deposits with initial terms of over three months	20,332	4,550
Proceeds from disposal of investments accounted for using equity method		1
Proceeds from disposal of a subsidiary	15
Payments for acquisition of investments accounted for using equity method	(2,002)	(294)	(140)
Payments for acquisition of investments accounted for as financial assets at fair value through profit or loss	(211)		(199)
Payments for acquisition of investments accounted for as financial assets at fair value through other comprehensive income	(708)
Payment for loans to a third party	0	(46)	(5)
Receipts from repayments of loans to a third party	45
Dividend received		32
Other investing activities	1		(1)
Net cash outflow from investing activities	(14,206)	(8,102)	(1,190)
Cash flows from financing activities
Loans from non-controlling interests	10
Proceeds from issues of ordinary shares		12	2,433
Proceeds from issues of puttable shares			422
Proceeds from issues of ordinary shares to Music Label Partners			1,386
Proceeds from exercise of share options	163	127
Net proceeds from issues of ordinary shares upon initial public offering			3,500
Payments for acquisition of non-controlling interests in non-wholly owned subsidiaries	(6)	(79)
Shares held for share award schemes	(46)	(31)
Payment for repurchase of ordinary shares	(134)
Proceeds from issuance of additional equity of non-wholly owned subsidiaries		3
Payments for interests	(15)	(7)
Principal elements of lease payments	(78)	(56)
Net proceeds from issuance of notes	5,400
Payment for loan from non-controlling interests	(2)
Net cash inflow/(outflow) from financing activities	5,292	(31)	7,741
Net increase/(decrease) in cash and cash equivalents	(4,029)	(1,933)	12,183
Cash and cash equivalents at beginning of the year	15,426	17,356	5,174
Exchange differences on cash and cash equivalents	(269)	3	(1)
Cash and cash equivalents at end of the year	¥ 11,128	¥ 15,426	¥ 17,356

General information, organizati

General information, organization and basis of preparation	12 Months Ended
	Dec. 31, 2020
General Information Organization And Basis Of Preparation [Abstract]
General information, organization and basis of preparation	1 General information, organization and basis of preparation 1.1 General information Tencent Music Entertainment Group (the “Company” or “TME”), formerly known as China Music Corporation (“CMC”), was incorporated under the laws of the Cayman Islands on June 6, 2012 as an exempted company with limited liability under the Companies Law (2010 Revision) of the Cayman Islands. Our registered office in the Cayman Islands is located at the office of Walkers Corporate Limited, 190 Elgin Avenue, George Town, Grand Cayman KY1-9008, The Company, its subsidiaries, its controlled structured entities (“Variable interest entities”, or “VIE”) and their subsidiaries (“Subsidiaries of VIEs”) are collectively referred to as the “Group”. The Group is principally engaged in operating online music entertainment platforms to provide music streaming, online karaoke and live streaming services in the People’s Republic of China (“PRC”). The Company does not conduct any substantive operations of its own but conducts its primary business operations through its wholly-owned subsidiaries, VIEs and subsidiaries of VIEs in the PRC. In July 2016, Tencent acquired control of the Company through a series of transactions, pursuant to which Tencent injected substantially all of its online music business in the mainland China (“Tencent Music Business”) into the Company in exchange for certain number of shares issued by the Company (“Merger”). Upon the completion of such transactions, the Company became a subsidiary of Tencent and was renamed to its current name in December 2016. The Merger was accounted for as a reverse acquisition under which Tencent Music Business is regarded as the acquirer, and accordingly these consolidated financial statements have been presented as a continuation of the financial statements of Tencent Music Business. 1.2 Organization and principal activities The PRC laws and regulations prohibit or restrict foreign ownership of companies that provide Internet-based business, which include activities and services provided by the Group. The Group operates its business operations in the PRC through a series of contractual arrangements (“Structure Contracts”) entered into among the Company, its wholly-owned subsidiaries (“WOFEs”), VIEs that legally owned by individuals (“Nominee Shareholders”) authorized by the Group (collectively, “Contractual Arrangements”) and the Nominee Shareholders. The Structure Contracts including Exclusive Technology Services Agreement, Exclusive Business Cooperation Agreement, Loan Agreement, Exclusive Purchase Option Agreement, Equity Interest Pledge Agreement, and Powers of Attorney Agreement. Under the Contractual Arrangements, the Company has the power to control the management, and financial and operating policies of the VIEs, has exposure or rights to variable returns from its involvement with the VIEs, and has the ability to use its power over the VIEs to affect the amount of the returns. As a result, all these VIEs are accounted for as consolidated structured entities of the Company and their financial statements have been consolidated by the Company. The Structured Contracts were throughout the years presented, and, there was no change to the principal terms of the Structured Contracts. The principal terms of the Structured Contracts are further described below: (i) Voting Trust Agreement Pursuant to the Voting Trust Agreement, the shareholders of the VIEs each irrevocably granted the WOFEs or any individual designated by the WOFEs in writing as their attorney-in-fact (ii) Exclusive Technical Service Agreement Pursuant to the exclusive technical service agreement between the WOFEs and the VIEs, the WOFEs or their designated party has the exclusive right to provide business support, technical services and consulting services in return for a service fee, which represents 90% of net operating income of the VIEs together with other service fees charged for other ad hoc services provided. The WOFEs have the discretion to change the charge rate. During the term of the agreement, without the WOFEs’ prior written consent, the VIEs shall not engage any third party for any of such services provided under this agreement. (iii) Loan agreement Under the loan agreement between the WOFEs and the shareholders of the VIEs, the WOFEs provided interest-free loans to the shareholders of the VIEs solely for the subscription of newly registered capital of the VIEs. The WOFEs have the sole discretion to determine the way of repayment, including requiring the shareholders to transfer their equity shares in the VIEs to the WOFEs according to the terms indicated in the Exclusive Share Purchase Option as after mentioned. (iv) Exclusive option agreement Pursuant to the exclusive purchase option agreement amongst the WOFEs, the VIEs and their shareholders, the shareholders of the VIEs granted the WOFEs or their designated party, an exclusive irrevocable option to purchase, all or part of the equity interests held by its shareholders, when and to the extent permitted under PRC law, at a price equal to the proportional amount of registered capital of the VIEs. Without the consent of the WOFEs or their designated party, the shareholders of the VIEs may not transfer, donate, pledge, or otherwise dispose of their equity shareholdings in any way. The exclusive purchase option agreement remains effective until the options are exercised. (v) Equity interest pledge agreement Pursuant to the equity interest pledge agreement amongst the WOFEs, the VIEs and their shareholders, the shareholders of the VIEs pledge all of their equity interests in the VIEs to the WOFEs, to guarantee the VIEs and their shareholders’ performance of their obligations under exclusive purchase option agreement, exclusive business cooperation agreement, loan agreement, and powers of attorney. If the VIEs and/or any of their shareholders breach their contractual obligations under this agreement, the WOFEs, as pledgee, will be entitled to certain rights, including the right to sell the pledged equity interests. Without the WOFEs’ prior written consent, shareholders of the VIEs shall not transfer or assign the pledged equity interests, or create or allow any encumbrance that would prejudice the WOFEs’ interests. During the term of this agreement, the WOFEs are entitled to receive all of the dividends and profits paid on the pledged equity interests. The equity interest pledge will be effective upon the completion of the registration of the pledge with the competent local branch of the State Administration for Industry and Commerce (“SAIC”), and will remain effective until the VIEs and its shareholders discharge all their obligations under the Contractual Arrangements. As at December 31, 2020, the Company’s significant subsidiaries, VIEs, and subsidiaries of VIEs were as follows: Place of incorporation Date of Incorporation or acquisition Equity Interest Held (direct or indirect) Principal activities Subsidiaries Tencent Music Entertainment Hong Kong Limited (“TME Hong Kong”) (formerly known as “Ocean Music Hong Kong Limited”) Hong Kong July 2016* 100 % Investment holding and music content distribution Tencent Music (Beijing) Co., Ltd. (“Beijing Tencent Music”) (formerly known as “Ocean Interactive (Beijing) Information Technology Co., Ltd.”) PRC July 2016* 100 % Technical support and consulting services Yeelion Online Network Technology (Beijing) Co., Ltd. (“Yeelion Online”) PRC July 2016* 100 % Technical support and consulting services Tencent Music Entertainment Technology (Shenzhen) Co., Ltd. (‘‘TME Tech Shenzhen”) PRC February 2017 100 % Online music and entertainment related services Variable Interest Entities Guangzhou Kugou Computer Technology Co., Ltd. (“Guangzhou Kugou”) PRC July 2016* 100 % Online music and entertainment related services Beijing Kuwo Technology Co., Ltd. (“Beijing Kuwo”) PRC July 2016* 100 % Online music and entertainment related services Xizang Qiming Music Co., Ltd. (“Xizang Qiming”) PRC February 2018 100 % Music content investments Subsidiaries of Variable Interest Entities Tencent Music Entertainment (Shenzhen) Co., Ltd. (“TME Shenzhen”) PRC July 2016* 100 % Online music and entertainment related services * Representing the entities acquired by the Group on July 12, 2016. Apart from the significant subsidiaries, VIEs and subsidiaries of VIEs listed above, there are certain non-wholly non-wholly non-wholly Risks in relation to the VIEs In the opinion of the Company’s management, the contractual arrangements discussed above have resulted in the Company, and the WOFE having the power to direct activities that most significantly impact the VIEs, including appointing key management, setting up operating policies, exerting financial controls and transferring profit or assets out of the VIEs at its discretion. The Company has the power to direct activities of the VIEs and can have assets transferred out of the VIEs under its control. Therefore, the Company considers that there is no asset in any of the VIEs that can be used only to settle obligations of the VIEs, except for registered capital, capital reserve and PRC statutory reserves of the VIEs totaling RMB4,206 million and RMB4,185 million as at December 31, 2019 and 2020, respectively. Currently there is no contractual arrangement that could require the Company to provide additional financial support to the VIEs. As the Company is conducting its Internet-related business mainly through the VIEs, the Company may provide such support on a discretional basis in the future, which could expose the Company to a loss. As the VIEs organized in the PRC were established as limited liability companies under PRC law, their creditors do not have recourse to the general credit of the WOFE for the liabilities of the VIEs, and the WOFE does not have the obligation to assume the liabilities of these VIEs. The Company determines that the Contractual Arrangements are in compliance with PRC law and are legally enforceable. However, uncertainties in the PRC legal system could limit the Group’s ability to enforce the Contractual Arrangements. On January 19, 2015, the Ministry of Commerce of the PRC (“MOFCOM”), released for public comment a proposed PRC law, the Draft FIE Law, that appears to include Consolidated VIEs within the scope of entities that could be considered as foreign invested enterprises, or FIEs, that would be subject to restrictions under existing PRC law on foreign investment in certain categories of industry. Specifically, the Draft FIE Law introduces the concept of “actual control” for determining whether an entity is considered to be an FIE. In addition to control through direct or indirect ownership or equity, the Draft FIE Law includes control through contractual arrangements within the definition of “actual control.” The Draft FIE Law includes provisions that would exempt from the definition of foreign invested enterprises entities where the ultimate controlling shareholders are either entities organized under PRC law or individuals who are PRC citizens. The Draft FIE Law is silent as to what type of enforcement action might be taken against existing entities that operate in restricted or prohibited industries and are not controlled by entities organized under PRC law or individuals who are PRC citizens. If the restrictions and prohibitions on foreign invested enterprises included in the Draft FIE Law are enacted and enforced in their current form, the Company’s ability to use the Contractual Arrangements and the Company’s ability to conduct business through them could be severely limited. The Company’s ability to control VIEs also depends on rights provided to the WOFE, under the powers of attorney agreement, to vote on all matters requiring shareholder approval. As noted above, the Company believes these powers of attorney agreements are legally enforceable, but they may not be as effective as direct equity ownership. In addition, if the corporate structure of the Group or the contractual arrangements between the or the WOFE, the VIEs and their respective shareholders were found to be in violation of any existing PRC laws and regulations, the relevant PRC regulatory authorities could: • revoke the Group’s business and operating licenses; • require the Group to discontinue or restrict its operations; • restrict the Group’s right to collect revenues; • block the Group’s websites; • require the Group to restructure the operations, re-apply • impose additional conditions or requirements with which the Group may not be able to comply; or • take other regulatory or enforcement actions against the Group that could be harmful to the Group’s business. The following are major financial statements amounts and balances of the Group’s VIEs and subsidiaries of VIEs as at December 31, 2019 and 2020 and for the years ended December 31, 2018, 2019 and 2020 on a combined basis. As at December 31, 2019 2020 RMB’million RMB’million Total current assets 9,303 10,700 Total non-current 5,824 7,394 Total assets 15,127 18,094 Total current liabilities (6,446 ) (6,986 ) Total non-current (425 ) (393 ) Total liabilities (6,871 ) (7,379 ) Year ended December 31, 2018 2019 2020 RMB’million RMB’million RMB’million Total revenues 18,966 25,379 29,094 Net profit 1,333 1,323 1,625 Net cash (outflow)/inflow from operating activities (334 ) (101 ) 1,222 Net cash outflow from investing activities (1,244 ) (185 ) (1,099 ) Net cash outflow from financing activities — (115 ) (53 ) Net (decrease)/increase in cash and cash equivalents (1,578 ) (401 ) 70 Cash and cash equivalents, beginning of the year 3,306 1,728 1,327 Cash and cash equivalents, end of the year 1,728 1,327 1,397 The above combined financial statements amounts and balances have included intercompany transactions which have been eliminated in the Company’s consolidated financial statements. As at December 31, 2019 and 2020, the total assets of Group’s VIEs mainly consisted of cash and cash equivalents, accounts receivable, prepayments, deposits and other current assets and intangible assets. As at December 31, 2019 and 2020, the total liabilities of VIEs mainly consisted of accounts payable, accrued expenses and other current liabilities. The recognized revenue-producing assets held by the Group’s VIEs include intangible assets acquired through business combination, prepaid content royalties and domain names, servers and leasehold improvements relating to office facilities. The balances of these assets as at December 31, 2019 and 2020 were included in the line of “Total non-current The unrecognized revenue-producing assets held by the Group’s VIEs mainly consist of internally generated intellectual property, licenses, and trademarks that the Group relies on to operate its businesses.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Disclosure Of Significant Accounting Policies [Abstract]
Summary of significant accounting policies	2 Summary of significant accounting policies The principal accounting policies applied in the preparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. 2.1 Basis of preparation The consolidated financial statements of the Group have been prepared in accordance with the International Financial Reporting Standards (“IFRSs”) as issued by International Accounting Standards Board (“IASB”). The consolidated financial statements have been prepared under the historical cost convention, as modified by the revaluation of other investments, financial assets at fair value through other comprehensive income, short-term investments, other financial liabilities which are carried at fair value. The preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 4. 2.2 New and amendments to the accounting standards adopted and recent accounting pronouncements (a) New and amendments to the accounting standards adopted The following standards and amendments have been adopted by the Group for the first time for the financial year beginning on January 1, 2020: Amendments to IAS 1 and IAS 8 Definition of Material Amendments to IFRS 3 Definition of a Business Conceptual Framework Revised Conceptual Framework for Financial Reporting IFRS 16 (amendments) COVID-19 Amendments to IFRS 9, IAS 39 and IFRS 7 Interest Rate Benchmark Reform The adoption of these new and amended standards does not have material impact on the consolidated financial statements of the Group. (b) Recent accounting pronouncements The following new standards and amendments to standards have not come into effect for the financial year beginning January 1, 2020, and have not been early adopted by the Group in preparing these consolidated financial statements. None of these new standards and amendments to standards is expected to have a significant effect on the consolidated financial statements of the Group. Effective for Amendments to IAS 28 and IFRS 10 Sale or contribution of assets between an investor and its associate or joint venture To be determined Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform—phase 2 1 January 2021 IAS 16 (amendments) Property, plant and equipment: Proceeds before intended use 1 January 2022 IAS 37 (amendments) Onerous contract—cost of fulfilling a contract 1 January 2022 Amendments to IFRS Annual Improvements to IFRS Standards 2018-2020 Cycle 1 January 2022 IAS 1 (amendments) Classification of Liabilities as current and non-current 1 January 2023 IFRS 17 Insurance contracts 1 January 2023 Amendments to IAS 1 and IFRS Practice Statement 2 Disclosure of Accounting Policies 1 January 2023 Amendments to IAS 8 Definition of Accounting Estimates 1 January 2023 2.3 Principles of consolidation and equity accounting (a) Subsidiaries Subsidiaries are all entities (including VIEs as stated in Note 1.2 above) over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases. Intercompany transactions, balances and unrealized gains on transactions between group companies are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. Non-controlling (b) Associates Associates are all entities over which the Group has significant influence but not control or joint control, generally but not necessarily accompanying a shareholding of between 20% and 50% of the voting rights. Investments in associates are accounted for using the equity method of accounting (see (d) below), after initially being recognized at cost. Interests in associates are accounted for using the equity method of accounting (see (d) below), after initially being recognized at cost in the consolidated balance sheet. (c) Joint ventures Investments in joint arrangements are classified as either joint operations or joint ventures depending on the contractual rights and obligations of each investor. The Group has assessed the nature of its joint arrangements and determined them to be joint ventures. Interests in joint ventures are accounted for using the equity method (see (d) below), after initially being recognized at cost in the consolidated balance sheet. (d) Equity accounting Under the equity method of accounting, the investments are initially recognized at cost and adjusted thereafter to recognize the Group’s share of the post-acquisition profits or losses of the investee in profit or loss, and the Group’s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from associates and joint ventures are recognized as a reduction in the carrying amount of the investment. When the Group’s share of losses in an equity-accounted investment equals or exceeds its interest in the entity, including any other unsecured long-term receivables, the Group does not recognize further losses, unless it has incurred obligations or made payments on behalf of the other entity. Unrealised gains on transactions between the Group and its associates and joint ventures are eliminated to the extent of the Group’s interest in these entities. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of equity accounted investees have been changed where necessary to ensure consistency with the policies adopted by the Group. The carrying amount of equity-accounted investments is tested for impairment in accordance with the policy described in Note 2.10 whenever there is an indication that the carrying amount may be impaired in accordance with Note 2.11 (b). 2.4 Business combinations The acquisition method of accounting is used to account for all business combinations except for the business combinations under common control as stated below, regardless of whether equity instruments or other assets are acquired. The consideration transferred for the acquisition of a subsidiary comprises the: • fair values of the assets transferred • liabilities incurred to the former owners of the acquired business • equity interests issued by the Group • fair value of any asset or liability resulting from a contingent consideration arrangement, and • fair value of any pre-existing Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are, with limited exceptions, measured initially at their fair values at the acquisition date. The Group recognizes any non-controlling acquisition-by-acquisition non-controlling Acquisition-related costs are expensed as incurred. The excess of the: • consideration transferred, • amount of any non-controlling • acquisition-date fair value of any previous equity interest in the acquired entity over the fair value of the net identifiable assets acquired is recorded as goodwill. If the business combination is achieved in stages, the acquisition date carrying value of the acquirer’s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date. Any gains or losses arising from such remeasurement are recognized in profit or loss. Business combination under common control The Group accounts for the business combination between entities under common control using the predecessor accounting. For predecessor accounting: • Assets and liabilities of the acquired entity are stated at predecessor carrying values. Fair value measurement is not required. • No new goodwill arises in predecessor accounting. • Any difference between the consideration given and the aggregate carrying value of the assets and liabilities of the acquired entity at the date of the transaction is included in equity in retained earnings or in a separate reserve. The Group does not restate any assets and liabilities of the acquired entity. The assets and liabilities of the acquired entity are consolidated using the predecessor’s amounts from the controlling party’s perspective. No new goodwill is recorded. Any difference between the cost of investment and the carrying value of the net assets is recorded in equity as merger reserve. The Group elects to incorporate the acquired entity’s results only from the date on which the business combination between entities under common control occurred. Consequently, the consolidated financial statements do not reflect the results of the acquired entity for the period before the transaction occurred. The corresponding amount for the previous year is also not restated. 2.5 Segment reporting Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision makers, who are responsible for allocating resources and assessing performance of the operating segments and making strategic decisions. The Group’s chief operating decision makers have been identified as executive directors of the Company, who review the consolidated results of operations when making decisions about allocating resources and assessing performance of the Group as a whole. For the purpose of internal reporting and management’s operation review, the chief operating decision-makers and management personnel do not segregate the Group’s business by product or service lines. Hence, the Group has only one operating segment. In addition, the Group does not distinguish between markets or segments for the purpose of internal reporting. As the Group’s assets and liabilities are substantially located in the PRC, substantially all revenues are earned and substantially all expenses are incurred in the PRC, no geographical segments are presented. 2.6 Foreign currency translation (a) Functional and presentation currency Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The functional currency of the Company is United States Dollars (“US$”). As the major operations of the Group are within the PRC, the Group presents its consolidated financial statements in Renminbi (“RMB”), unless otherwise stated. (b) Transactions and balances Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies at year end exchange rates are generally recognized in the income statement. Foreign exchange gains and losses that relate to borrowings are presented in the income statement, within finance cost. All other foreign exchange gains and losses are presented in the income statement on a net basis within finance cost. (c) Group companies The results and financial position of foreign operations (none of which has the currency of a hyperinflationary economy) that have a functional currency different from the presentation currency are translated into the presentation currency as follows: • assets and liabilities for each balance sheet presented are translated at the closing rate at the date of that balance sheet • income and expenses for each income statement and statement of comprehensive income are translated at average exchange rates (unless this is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at the dates of the transactions), and • all resulting exchange differences are recognized in other comprehensive income. On consolidation, exchange differences arising from the translation of any net investment in foreign entities are recognized in other comprehensive income. When a foreign operation is sold or any borrowings forming part of the net investment are repaid, the associated exchange differences are reclassified to profit or loss, as part of the gains or losses on sale. Goodwill and fair value adjustments arising on the acquisition of a foreign operation are treated as assets and liabilities of the foreign operation and translated at the closing rate. Currency translation differences arising are recognized in other comprehensive income. 2.7 Property, plant and equipment Property, plant and equipment are stated at historical cost less accumulated depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognized when replaced. All other repairs and maintenance are charged to profit or loss during the reporting period in which they are incurred. Depreciation is calculated using the straight-line method to allocate their cost or revalued amounts, net of their residual values, over their estimated useful lives or, in the case of leasehold improvements and certain leased plant and equipment, the shorter lease term as follows: Servers and network equipment 3 - 5 years Office furniture, equipment and others 3 - 5 years Leasehold improvements Shorter of expected lives of leasehold improvements and lease term The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period. An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount (Note 2.10). Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized in the income statement. 2.8 Goodwill Goodwill is not amortized but it is tested for impairment annually, or more frequently if events or changes in circumstances indicate that it might be impaired, and is carried at cost less accumulated impairment losses. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold. Goodwill is allocated to cash-generating units (“CGUs”) for the purpose of impairment testing. The allocation is made to those CGUs or groups of CGUs that are expected to benefit from the business combination in which the goodwill arose. The units or groups of units are identified at the lowest level at which goodwill is monitored for internal management purposes, below the operating segment. 2.9 Other intangible assets (a) Domain name, trademark and Internet audio/video program transmission license Separately acquired domain name, trademark and Internet audio/video program transmission license are shown at historical cost. These assets acquired in a business combination are recognized at fair value at the acquisition date. Domain name, trademark and Internet audio/video program transmission license have a finite useful life and are carried at cost less accumulated amortization. Amortization is calculated using the straight-line method to allocate the cost of these assets and over their respective useful live of no more than 12 years. The useful lives of these assets are the periods over which they are expected to be available for use by the Group, and the management of the Group also take into account of past experience when estimating the useful lives. (b) Separately acquired and internal developed contents and copyrights Separately acquired contents and copyrights are shown at historical cost. The Group also produces or/and contracts external parties to produce contents to exhibit on its platforms. Produced contents includes direct production costs, production overhead and acquisition costs. The Group recognizes internal developed contents as intangible assets only when the following criteria are met: the technical feasibility of completing the intangible asset exists, there is an intent to complete and an ability to use or sell the intangible asset, the intangible asset will generate probable future economic benefits, there are adequate resources available to complete the development and to use or sell the intangible asset, and there is the ability to reliably measure the expenditure attributable to the intangible asset during its development. Capitalized in house produced contents are amortized on a straight-line basis over the estimated useful lives of 1 to 5 years. (c) Other intangible assets acquired in a business combination Other intangible assets acquired in a business combination are recognized initially at fair value at the acquisition date and subsequently carried at the amount initially recognized less accumulated amortization and impairment loss, if any. Amortization is calculated using the straight-line method to allocate the costs of acquired intangible assets over the following estimated useful lives: Online users 1 year Corporate customer relationship 3 - 4 years Supplier resources 3 - 6 years Non-compete 4 - 5 years Copyrights 3 - 7 years 2.10 Impairment of non-financial Goodwill and intangible assets that have an indefinite useful life are not subject to amortization and are tested annually for impairment, or more frequently if events or changes in circumstances indicate that they might be impaired. Other assets are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairment review on the goodwill of the Group is conducted by the management as at December 31 according to IAS 36 “Impairment of assets”. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs of disposal and value in use. For the purpose of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). Non-financial 2.11 Investments and other financial assets (a) Classification and measurement The Group classifies its financial assets in the following measurement categories: • those to be measured subsequently at fair value (either through other comprehensive income, or through profit or loss), and • those to be measured at amortized cost. The classification depends on the entity’s business model for managing the financial assets and the contractual terms of the cash flows. For assets measured at fair value, gains and losses will either be recorded in profit or loss or other comprehensive income. For investments in equity instruments that are not held for trading, this will depend on whether the Group has made an irrevocable election at the time of initial recognition to account for the equity investment at fair value through other comprehensive income. The Group reclassifies debt investments only when its business model for managing those assets changes. Purchases and sales of financial assets are recognized on trade-date, the date on which the Group commits to purchase or sell the asset. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Group has transferred substantially all the risks and rewards of ownership. At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value through profit or loss are expensed in profit or loss. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are solely payments of principal and interest. Debt instruments Initial recognition and subsequent measurement of debt instruments depend on the Group’s business model for managing the asset and the contractual cash flow characteristics of the asset. There are three categories into which the Group classifies its debt instruments: • Amortized cost: Financial assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest are classified as and measured at amortized cost. A gain or loss on a debt investment measured at amortized cost which is not part of a hedging relationship is recognized in profit or loss when the asset is derecognized or impaired. Interest income from these financial assets is recognized using the effective interest rate method. • Fair value through other comprehensive income: Financial assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets’ cash flows represent solely payments of principal and interest, are classified as and measured at fair value through other comprehensive income. Movements in the carrying amount of these financial assets are taken through other comprehensive income, except for the recognition of impairment losses or reversals, interest income and foreign exchange gains and losses which are recognized in profit or loss. When the financial asset is derecognized, the cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to profit or loss and recognized in “other gains/(losses), net” in the consolidated income statement. Interest income from these financial assets is recognized using the effective interest rate method. Foreign exchange gains and losses and impairment losses or reversals are presented in “other gains/(losses), net”. • Fair value through profit or loss: Financial assets that do not meet the criteria for amortized cost or fair value through other comprehensive income are classified as and measured at fair value through profit or loss. A gain or loss on a debt investment measured at fair value through profit or loss which is not part of a hedging relationship is recognized in profit or loss and presented in “other gains/(losses), net” for the period in which it arises. Equity instruments The Group subsequently measures all equity investments at fair value. Where the Group’s management has elected to present fair value gains and losses on equity investments in other comprehensive income, there is no subsequent reclassification of fair value gains and losses to profit or loss following the derecognition of the investment. Dividends from such investments continue to be recognized in profit or loss as other income when the Group’s right to receive payments is established. Changes in the fair value of financial assets at fair value through profit or loss are recognized in “other gains/(losses), net” in the statement of profit or loss as applicable. Impairment losses (and reversal of impairment losses) on equity investments measured at fair value through other comprehensive income are not reported separately from other changes in fair value. (b) Impairment The Group assesses on a forward looking basis the expected credit losses associated with its debt instruments carried at amortized cost and fair value through other comprehensive income. The impairment methodology applied depends on whether there has been a significant increase in credit risk. For accounts receivable and contract assets, the Group applies the simplified approach permitted by IFRS 9, which requires expected lifetime losses to be recognized since initial recognition. Impairment on deposits and other receivables is measured as either 12-month The Group assesses on a forward looking basis the expected credit losses associated with its debt instruments carried at amortized cost and fair value through other comprehensive income. The impairment methodology applied depends on whether there has been a significant increase in credit risk. (c) Offsetting Financial assets and liabilities are offset and the net amount reported in the balance sheet where the Company currently has a legally enforceable right to offset the recognized amounts, and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. The Company has also entered into arrangements that do not meet the criteria for offsetting but still allow for the related amounts to be set off in certain circumstances, such as bankruptcy or the termination of a contract. 2.12 Inventories Inventories, mainly consisting of merchandise for sale, are primarily accounted for using the weighted average method and are stated at the lower of cost and net realizable value. 2.13 Accounts receivable Accounts receivable are amounts due from customers for goods sold or services performed in the ordinary course of business. Accounts receivable are generally due for settlement within 30 to 90 days and therefore are all classified as current. 2.14 Short-term investments Short-term investments are investments issued by commercial banks in the PRC with a variable return and accounted for as financial assets at fair value through profit and loss (see Note 2.11 above). Since these investments’ maturity dates are within one year, they are classified as current assets. 2.15 Cash and cash equivalents For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, and other short-term deposits with original maturities of three months or less. 2.16 Share capital Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of tax, from the proceeds. Where any Group company purchases the Company’s equity instruments, the consideration paid, including any directly attributable incremental costs, is deducted from equity attributable to the Company’s equity holders as treasury shares until the shares are cancelled or reissued. Where such shares are subsequently reissued, any consideration received (net of any directly attributable incremental transaction costs) is included in equity attributable to the Company’s equity holders. 2.17 Accounts and other payables These amounts represent liabilities for goods and services provided to the Group prior to the end of financial year which are unpaid. The amounts are unsecured and are usually paid within 1 year of recognition. Accounts and other payables are presented as current liabilities unless payment is not due within 12 months after the reporting period. 2.18 Borrowings (including notes payable) Borrowings (including notes payable) issued by the Group are recognised initially at fair value, net of transaction costs incurred. They are subsequently carried at amortized cost. Any difference between proceeds (net of transaction costs) and the redemption value is recognised in the consolidated income statement over their terms using the effective interest method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan facilities to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a prepayment for liquidity services and amortized over the term of the facility to which it relates. Notes payable are classified as non-current General and specific finance costs directly attributable to the acquisition and construction of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. During the year ended December 31, 2020, finance cost capitalised was nil. 2.19 Current and deferred income tax The income tax expense or credit for the period is the tax payable on the current period’s taxable income based on the applicable income tax rate for each jurisdiction adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses. (a) Current income tax The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the end of the reporting period in the countries where the company’s subsidiaries and associates operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities. (b) Deferred income tax Deferred income tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. However, deferred tax liabilities are not recognized if they arise from the initial recognition of goodwill. Deferred income tax is also not accounted for if it arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the end of the reporting period and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled. Deferred tax assets are recognized only if it is probable that future taxable amounts will be available to utilize those temporary differences and losses. Deferred tax liabilities and assets are not recognized for temporary differences between the carrying amount and tax bases of investments in foreign operations where the company is able to control the timing of the reversal of the temporary differences and it is probable that the differences will not reverse in the foreseeable future. (c) Offsetting Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the deferred tax balances relate to the same taxation authority. Current tax assets and tax liabilities are offset where the entity has a legally enforceable right to offset and intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. (d) Uncertain tax positions In determining the amount of current and deferred income tax, the Group takes into account the impact of uncertain tax positions and whether additional taxes, interest or penalties may be due. This assessment relies on estimates and assumptions and may involve a series of judgments about future events. New information may become available that causes the Group to change its judgment regarding the adequacy of existing tax liabilities. Such changes to tax liabilities will impact tax expense in the period that such a determination is made. 2.20 Employee benefits (a) Employee leave entitlements Employee entitlements to annual leave are recognized when they accrue to employees. A provision is made for the estimated liability for annual leave as a result of services rendered by employees up to the end of the reporting period. Employee entitlements to sick and maternity leave are not recognized until the time of leave. (b) Pension obligations The Group participates in various defined contribution retirement benefit plans which a

Financial Risk Management

Financial Risk Management	12 Months Ended
	Dec. 31, 2020
Financial Risk Management [Abstract]
Financial Risk Management	3 Financial risk management 3.1 Financial risk factors The Group’s activities expose it to a variety of financial risks: market risk (including foreign exchange risk, price risk and interest rate risk), credit risk and liquidity risk. The Group’s overall risk management strategy seeks to minimize the potential adverse effects on the financial performance of the Group. Risk management is carried out by the senior management of the Group. (a) Market risk (i) Foreign exchange risk The Group is exposed to foreign exchange risk arising from various currency exposures, primarily with respect to RMB and US$. Foreign exchange risk arises when future commercial transactions or recognized assets and liabilities are denominated in a currency that is not the respective functional currency of the Group’s subsidiaries. The functional currency of the Company and majority of its overseas subsidiaries is USD whereas the functional currency of the subsidiaries which operate in the PRC is RMB. The Group currently does not hedge transactions undertaken in foreign currencies but manages its foreign exchange risk by performing regular reviews of the Group’s net foreign exchange exposures. If RMB had strengthened/weakened by 5% against US$ with all other variables held constant, the post-tax (ii) Price risk The Group is exposed to price risk because of investments held by the Group, which were classified as financial assets at fair value through other comprehensive income and other investments for 2019 and 2020. The Group is not exposed to commodity price risk. The sensitivity analysis is determined based on the exposure to equity price risk of financial assets at fair value through other comprehensive income and other investments at the end of each reporting period. If equity prices of the respective instruments held by the Group had been 5% higher/lower, the other comprehensive income would have been approximately RMB223 million and RMB489 million higher/lower, for the years ended December 31, 2019 and 2020, respectively, and profit for the year would have been approximately RMB11 million and RMB19 million higher/lower, for the years ended December 31, 2019 and 2020, respectively. (iii) Interest rate risk Other than term deposits with initial terms of over three months and cash and cash equivalents, the Group has no other significant interest-bearing assets. The Group’s exposure to changes in interest rates is attributable to its notes payable issued during the year ended December 31, 2020 (Note 24), which carried at fixed rates and does not expose the Group to cash flow interest-rate risk. Accordingly, the directors of the Company do not anticipate there is any significant impact on the Group’s financial performance resulted from the changes in interest rates. (b) Credit risk The Group is exposed to credit risk in relation to its cash and cash deposits (including term deposits) placed with banks and financial institutions, short-term investments, as well as accounts and other receivables. The carrying amount of each class of these financial assets represents the Group’s maximum exposure to credit risk in relation to the corresponding class of financial assets. The Group has policies in place to ensure that credit terms are granted to counterparties, including customers for contents sublicenses, advertising agencies, third parties platforms as well as entities under Tencent, with an appropriate credit history and the Group performs periodic credit evaluations of these counterparties. Management does not expect any loss arising from non-performance Customers for contents sublicenses and the third parties platforms are reputable corporations with sound financial position. The credit quality of the advertising agencies are assessed on a regular basis based on historical settlement records and past experience. In addition, deposits are only placed with reputable domestic or international financial institutions. There has been no recent history of default in relation to these financial institutions. Top five customers, which accounted for 15% of gross accounts receivable, representing 6%, 3%, 2%, 2% and 2% of the gross accounts receivable respectively as at December 31, 2020. Nevertheless no single external customer amount to more than 10% of the revenue of the Group for the year ended December 31, 2020. The Group applies the simplified approach permitted by IFRS 9, which requires expected lifetime losses to be recognized from initial recognition of the assets. The provision matrix is determined based on historical observed default rates over the expected life of the receivables with similar credit risk characteristics and is adjusted for forward-looking estimates. The historical observed default rates are updated based on the payment profiles of receivable over a period of 12 months, and changes in the forward-looking estimates are analyzed at year end. For the years ended December 31, 2019 and 2020, loss allowance made against the gross amounts of accounts receivable were not significant, and provision matrix is not presented. As at December 31, 2020, the carrying amounts of accounts receivable approximated their fair values. (c) Liquidity risk The Group aims to maintain sufficient cash and cash equivalents and short-term investments to meet financial obligations when due. Management monitors rolling forecasts of the Group’s liquidity requirements on the basis of expected cash flows and considering the maturities of financial assets and financial liabilities. As at December 31, 2019 and 2020, the Group’s major external borrowings represented the senior unsecured notes issued in September 2020, details of which are disclosed in Note 24. The contractual undiscounted cash flows of the Group’s notes payable and related interest expenses in the next twelve months, more than 1 year but within 5 years and over 5 years as at December 31, 2020 are RMB92 million, RMB2,326 million and RMB3,589 million respectively. Apart from the above, majority of its financial liabilities comprised lease liabilities, accounts payable, and other payables and accruals. Except for the other payables and accruals are due for settlement contractually within 12 months, the contractual undiscounted cash flows of the Group’s lease liabilities payable in the next twelve months and more than 1 year but within 5 years as at December 31, 2020 are RMB116 million (FY19: RMB78 million) and RMB248 million (FY19: RMB82 million) respectively. The contractual undiscounted cash flows of the Group’s accounts payable in the next twelve months and more than 1 year but within 5 years as at December 31, 2020 are RMB3,567 million and RMB150 million respectively. The contractual undiscounted cash outflow of the Group’s financial liabilities approximates their carrying amounts included in the consolidated balance sheet. 3.2 Capital risk management The Group’s objectives on managing capital are to safeguard the Group’s ability to continue as a going concern and support the sustainable growth of the Group in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to enhance shareholders’ value in the long term. In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt. As at December 31, 2019 and 2020, the directors of the Company consider the risk of the Group’s capital structure is remote as the Group has a net cash position. 3.3 Fair value estimation The table below analyzes the Group’s financial instruments carried at fair value as at December 31, 2019 and 2020 by level of the inputs to valuation techniques used to measure fair value. Such inputs are categorized into three levels within a fair value hierarchy as follows: • Quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1); • Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (level 2); and • Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (level 3). As at December 31, 2019 and 2020, the Group’s financial instruments carried at fair values comprised financial assets at fair value through other comprehensive income (Note 17(a)), short-term investments and other investments (Note 17(b)) stated in the consolidated balance sheets were measured at level 1, level 2 and level 3 fair value hierarchy, respectively. The Group’s contingent consideration of RMB112 million and nil included in other payables and other liabilities (Note 25) as at December 31, 2019 and 2020, respectively were measured at level 3 fair value hierarchy. The fair value of financial instruments traded in active markets is determined with reference to quoted market prices at the end of the reporting period. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. These instruments are included in level 1. The fair value of financial instruments that are not traded in an active market is determined by using valuation techniques. These valuation techniques maximize the use of observable market data where it is available and rely as little as possible on entity specific estimates. If all significant inputs required for evaluating the fair value of a financial instrument are observable, the instrument is included in level 2. If one or more of the significant inputs are not based on observable market data, the instrument is included in level 3. The Group has a team of personnel who performs valuation on these level 3 instruments for financial reporting purposes. The team adopts various valuation techniques to determine the fair value of the Group’s level 3 instruments. External valuation experts may also be involved and consulted when it is necessary. The components of the level 3 instruments mainly include investments in unlisted companies classified as other investment, short-term investments and contingent consideration payables. As these instruments are not traded in an active market, their fair values have been determined using various applicable valuation techniques, including discounted cash flows approach and comparable transactions approach, etc. Major assumptions used in the valuation include historical financial results, assumptions about future growth rates, estimates of weighted average cost of capital (WACC), recent market transactions, discount for lack of marketability and other exposure etc. The fair value of these instruments determined by the Group requires significant judgement, including: (i) investments in unlisted companies and projects and short-term investments: financial performance of the investee companies, market value of comparable companies, projected cash flows as well as discount rate, etc.; and (ii) contingent consideration payables: estimated performance matrix based on historical performance and discount rate. During the years ended December 31, 2019 and 2020, there was no transfer between level 1, 2 and 3 for recurring fair value measurements. Movement of the financial assets at fair value that using level 3 measurements, solely represented other investments, have been presented in Note 17(b). Movement of the financial liabilities at fair value using level 3 measurements, solely represented contingent considerations resulted from business combination is analyzed as below: Year Ended December 31, 2019 2020 At beginning of the period 63 112 Fair value change 49 — Settlement — (112 ) At end of the period 112 —

Critical accounting estimates a

Critical accounting estimates and judgments	12 Months Ended
	Dec. 31, 2020
Default Root [Abstract]
Critical accounting estimates and judgments	4 Critical accounting estimates and judgments The preparation of financial statements requires the use of accounting estimates which, by definition, will seldom equal the actual results. Management also needs to exercise judgement in applying the Group’s accounting policies. Estimates and judgements are continually evaluated. They are based on historical experience and other factors, including expectations of future events that may have a financial impact on the entity and that are believed to be reasonable under the circumstances. (a) Consolidation of VIEs As disclosed in Note 1.2, the Group exercises control over the VIEs and has the right to recognize and receive substantially all the economic benefits through the Contractual Arrangements. The Group considers that it controls the VIEs notwithstanding the fact that it does not hold direct equity interests in the VIEs, as it has power over the financial and operating policies of the VIEs and receive substantially all the economic benefits from the business activities of the VIEs through the Contractual Arrangements. Accordingly, all these VIEs are accounted for as controlled structured entities and their financial statements have also been consolidated by the Company. (b) The estimates of the lifespans of durable virtual gifts Users purchase certain durable virtual gifts on the Group’s online karaoke and live streaming platforms and the relevant revenue is recognized based on the estimated lifespans of the virtual gifts. The estimated lifespans are determined by the management based on the expected service period derived from historical data of user relationship period. Significant judgements are required in determining the expected user relationship periods, including but not limited to historical users’ activities patterns and churn out rate. The Group has adopted a policy of assessing the estimated lifespans of virtual gifts on a regular basis whenever there is any indication of change in the expected user relationship periods. Any change in the estimates may result in the revenue being recognized on a different basis from that in prior periods. (c) Recoverability of non-financial The Group tests annually whether goodwill has suffered any impairment. Goodwill and other non-financial right-of-use value-in-use Management judgment is required in the area of asset impairment particularly in assessing: (i) whether an event has occurred that may indicate that the related asset values may not be recoverable; (ii) whether the carrying value of an asset can be supported by the recoverable amount, being the higher of fair value less costs to sell and net present value of future cash flows which are estimated based upon the continued use of the asset in the business; (iii) the selection of the most appropriate valuation technique, e.g. the market approach, the income approach, as well as a combination of approaches, including the adjusted net asset method; and (iv) the appropriate key assumptions to be applied in preparing cash flow projections including whether these cash flow projections are discounted using an appropriate rate. Changing the assumptions selected by management in assessing impairment, including the revenue growth and margin, terminal growth rates and pre-tax (d) Share-based compensation arrangements The Group measures the cost of equity-settled transactions with employees and non- (e) Income taxes The Group is subject to income taxes in numerous jurisdictions. Significant judgement is required in determining the worldwide provision for income taxes. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact current income tax and deferred income tax in the period in which such determination is made.

Revenue

Revenue	12 Months Ended
	Dec. 31, 2020
Revenue [abstract]
Revenue	5 Revenue During the years ended December 31, 2018, 2019 and 2020, revenue contributed from music subscription packages amounted to RMB2,499 million, RMB3,563 million and RMB5,560 million, respectively. As at December 2019 and 2020, incremental contract costs related to contracts with customers are not material to the Group. Details of contract liabilities were disclosed in Note 26.

Interest Income

Interest Income	12 Months Ended
	Dec. 31, 2020
Revenue [abstract]
Interest Income	6 Interest Income Interest income mainly represents interest income from bank deposits, including bank balance and term deposits.

Other (losses)_gains, net

Other (losses)/gains, net	12 Months Ended
	Dec. 31, 2020
Other Gains Losses [Abstract]
Other (losses)/gains, net	7 Other (losses)/gains, net Year ended December 31, 2018 2019 2020 RMB’million RMB’million RMB’million Government grants and tax rebates (note) 52 132 245 Impairment provision for investments in associates (Note 16) (2 ) (43 ) (4 ) Net foreign exchange losses (31 ) — — Gain on step-up — — 19 Fair value change of investment (30 ) (37 ) — Gain on disposal of a subsidiary — — 32 Others (18 ) 26 70 (29 ) 78 362 Note: There are no unfulfilled conditions or contingencies related to these subsidies.

Expense by nature

Expense by nature	12 Months Ended
	Dec. 31, 2020
Default Root [Abstract]
Expense by nature	8 Expense by nature Year ended December 31, 2018 RMB’million 2019 RMB’million 2020 RMB’million Service costs (note i) 10,323 14,967 17,478 Advertising agency fees 204 233 505 Employee benefits expenses (note ii and note iii) 2,077 2,527 3,004 Promotion and advertising expenses 1,511 1,823 2,227 Notes: (i) Service costs mainly comprised licensing costs, revenue sharing fees paid to content creators and content delivery costs primarily relating to server, cloud services and bandwidth costs. (ii) During the years ended December 31, 2018, 2019 and 2020, the Group incurred expenses for the purpose of research and development of approximately RMB937 million, RMB1,159 million and RMB1,667 million, which comprised employee benefits expenses of RMB825 million, RMB1,012 million and RMB1,488 million respectively. No significant development expenses had been capitalized for the years ended December 31, 2018, 2019 and 2020. (iii) Employee benefits expenses Year ended December 31, 2018 2019 2020 RMB’million RMB’million RMB’million Wages, salaries and bonuses 1,228 1,616 2,020 Welfare, medical and other expenses 293 295 373 Share-based compensation expenses 487 519 569 Contribution to pension plans 69 97 42 2,077 2,527 3,004 Majority of the Group’s contributions to pension plans are related to the local employees in the PRC. All local employees of the subsidiaries in the PRC participate in employee social security plans established in the PRC, which cover pension, medical and other welfare benefits. The plans are organized and administered by the governmental authorities. Other than the contributions made to these social security plans, the Group has no other material commitments owing to the employees. According to the relevant regulations, the portion of premium and welfare benefit contributions that should be borne by the companies within the Group as required by the above social security plans are principally determined based on percentages of the basic salaries of employees, subject to certain ceilings imposed. These contributions are paid to the respective labor and social welfare authorities and are expensed as incurred.

Finance cost

Finance cost	12 Months Ended
	Dec. 31, 2020
Finance Cost [Abstract]
Disclosure of finance cost [text block]	9 Finance cost Year ended December 31, 2018 2019 2020 RMB’million RMB’million RMB’million Interest and related expenses 35 68 99 Exchange gains — (4 ) (2 ) 35 64 97

Taxation

Taxation	12 Months Ended
	Dec. 31, 2020
Major components of tax expense (income) [abstract]
Taxation	10 Taxation (a) Income tax expense Income tax expense is recognized based on management’s best knowledge of the income tax rates expected for the financial year. (i) Cayman Islands Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gains. Additionally, upon payment of dividends by the Company to its shareholders, no Cayman Islands withholding tax will be imposed. (ii) Hong Kong Under the current tax laws of Hong Kong, TME Hong Kong is subject to Hong Kong profits tax at 16.5% on its taxable income generated from the operations in Hong Kong. Dividends from TME Hong Kong is not subject to Hong Kong profits tax. (iii) PRC Under the Corporate Income Tax (“CIT”) Law in the PRC, foreign invested enterprises and domestic enterprises are subject to a unified CIT rate of 25%. except for available preferential tax treatments, including tax concession for enterprise approved as “High and New Technology Enterprise” (“HNTE”) “Software Enterprise” (“SE”) and “Key Software Enterprise” (“KSE”), and enterprise established in certain special economic development zones. Qualified HNTE is eligible for a preferential tax rate of 15%, Qualified SE is entitled to an exemption from income tax for the first two years, commencing from the first profitable year, and a reduction of half tax rate for the next three years and Qualified KSE is eligible for a preferential tax rate of 10%. Guangzhou Kugou, Beijing Kuwo and a subsidiary of the Group, Guangzhou Fanxing Entertainment Information Technology Co., Ltd. (“Fanxing”), have been recognized as HNTE by relevant government authorities and were entitled to preferential tax rate of 15% for the years ended December 31, 2018, 2019 and 2020. Yeelion Online and TME Tech Shenzhen were qualified as SE and have entitled to tax holidays starting from the year ended December 31, 2017 (i.e. their first profitable year in 2017). TME Tech Shenzhen and Yeelion Online were further qualified as KSE and have entitled to preferential tax rate of 10% for the year ended December 31, 2019. For the year ended December 31, 2020, TME Tech Shenzhen and Yeelion Online were entitled to a reduced tax rate of 12.5%. Yeelion Online Network Technology (Tianjin) Co., Ltd. (‘‘Yeelion Online Tianjin”) and Guangzhou Shiyinlian Software Technology Co., Ltd. (‘‘Shiyinlian”) were qualified as SE and have been entitled to tax holidays starting from the years ended December 31, 2019 (i.e. their first profitable year in 2019). Furthermore, the Group also has certain subsidiaries subject to other preferential tax treatment for certain reduced tax rates of 5% or 10%. The income tax expense of the Group is analyzed as follows: Year ended December 31, 2018 RMB’million 2019 RMB’million 2020 RMB’million Current income tax 255 703 634 Deferred income tax (note b) (84 ) (140 ) (178 ) Total income tax expense 171 563 456 The taxation on the Group’s profit before income tax differs from the theoretical amount that would arise using the tax rate of 25% for the years ended December 31, 2018, 2019 and 2020, being the tax rate of the major subsidiaries of the Group before enjoying preferential tax treatments, as follows: Year ended December 31, 2018 RMB’million 2019 RMB’million 2020 RMB’million Profit before income tax expense 2,003 4,540 4,632 Tax calculated at a tax rate of 25% 501 1,135 1,158 Effects of different tax rates applicable to different subsidiaries of the Group 396 (36 ) 34 Effects of tax holiday on assessable profit of certain subsidiaries (530 ) (88 ) (214 ) Effects of tax holiday of a subsidiary recognized for prior year (116 ) — — Effects of preferential tax rate on assessable profit of certain subsidiaries (230 ) (556 ) (631 ) Expense not deductible for tax purposes 156 133 82 Income not subject to tax (2 ) — — Unrecognized deferred income tax assets 37 16 46 Utilization of previously unrecognized tax assets (40 ) (50 ) (11 ) Others (1 ) 9 (8 ) 171 563 456 The aggregate amount and per share effect of the tax holiday are as follows: Year ended December 31, 2018 RMB’million 2019 RMB’million 2020 RMB’million Effects of tax holiday on assessable profit of certain subsidiaries 646 88 214 Per ordinary share effect—basic 0.21 0.03 0.06 Per ordinary share effect—diluted 0.20 0.03 0.06 The Group’s profit before tax consists of: Year ended December 31, 2018 RMB’million 2019 RMB’million 2020 RMB’million Non-PRC (1,579 ) 470 (4 ) PRC 3,582 4,070 4,636 2,003 4,540 4,632 (b) Deferred income tax As at December 31, 2019 2020 RMB’million RMB’million The deferred tax assets comprise temporary differences attributable to: Prepayment and other investments 61 105 Deferred revenue 46 55 Accruals 74 136 Deemed distribution arising from carve out of Tencent Music Business 13 8 Others 6 4 Total deferred tax assets 200 308 Set-off set-off (8 ) (5 ) Net deferred tax assets 192 303 The deferred tax liabilities comprise temporary differences attributable to: Intangible assets acquired in business combinations 305 270 Total deferred tax liabilities 305 270 Set-off set-off (8 ) (5 ) Net deferred liabilities 297 265 The recovery of deferred income tax: As at December 31, 2019 2020 RMB’million RMB’million Deferred tax assets: to be recovered after more than 12 months 43 38 to be recovered within 12 months 149 265 192 303 Deferred tax liabilities: to be recovered after more than 12 months 229 203 to be recovered within 12 months 68 62 297 265 The movements of deferred income tax assets were as follows: Prepayment and other investments Deferred revenue Accruals Deemed distribution Others Total RMB’million RMB’million RMB’million RMB’million RMB’million RMB’million At January 1, 2019 39 30 40 19 3 131 Credited/(charged) to income statement 22 16 34 (6 ) 3 69 At December 31, 2019 61 46 74 13 6 200 Credited/(charged) to income statement 44 9 62 (5 ) (2 ) 108 At December 31, 2020 105 55 136 8 4 308 The Group only recognizes deferred income tax assets for cumulative tax losses if it is probable that future taxable amounts will be available to utilize those tax losses. Management will continue to assess the recognition of deferred income tax assets in future reporting periods. As at December 31, 2019 and 2020, the Group did not recognize deferred income tax assets of RMB42 and RMB96 million respectively in respect of cumulative tax losses amounting to, RMB436 million and RMB664 million respectively. These tax losses will expire from 2021 to 2025. The movements of deferred income tax liabilities were as follows: Intangible assets RMB’million Total RMB’million At January 1, 2019 362 362 Credited to income statement (71 ) (71 ) Business combination 14 14 At December 31, 2019 305 305 Credited to income statement (70 ) (70 ) Business combination 35 35 At December 31, 2020 270 270

Earnings per share

Earnings per share	12 Months Ended
	Dec. 31, 2020
Earnings per share [abstract]
Earnings per share	11 Earnings per share (a) Basic earnings per share Basic earnings per share (“EPS”) is calculated by dividing the profit attributable to equity holders of the Company by the weighted average number of ordinary shares outstanding during the year. (b) Diluted earnings per share For the calculation of diluted earnings per share, weighted average number of ordinary shares outstanding is adjusted by the effect of dilutive securities, including share-based awards in respect of share options and restricted share units (“RSU”) as well as puttable shares, under the treasury stock method (collectively forming the denominator for computing the diluted earnings per share). Potentially dilutive securities, including share options, RSU and puttable shares, have been excluded from the computation of weighted average number of ordinary shares for the purpose of diluted earnings per share if their inclusion is anti-dilutive. No adjustments is made to earnings (numerator). For the years ended December 31, 2018, 2019 and 2020, certain share options, certain RSU and puttable shares that were anti-diluted and excluded from the calculation of diluted earnings per share were immaterial on a weighted average basis. The following table sets forth the computation of basic and diluted earnings per share: Year ended December 31, 2018 2019 2020 RMB’million RMB’million RMB’million Earnings Net income attributable to equity holders of the Company 1,833 3,982 4,155 Number of shares Shares Weighted average ordinary shares outstanding, used in computing basic earnings per share 3,076,314,670 3,272,754,403 3,313,527,847 Dilution effect—adjustments for share options and RSUs 82,906,218 74,817,935 46,932,912 Shares used in computing diluted earnings per share 3,159,220,888 3,347,572,338 3,360,460,759 RMB RMB RMB Basic earnings per share for Class A and Class B ordinary shares 0.60 1.22 1.25 Diluted earnings per share for Class A and Class B ordinary shares 0.58 1.19 1.24 Basic earnings per ADS 1.19 2.43 2.51 Diluted earnings per ADS 1.16 2.38 2.47 Note: One ADS represented two Class A ordinary shares of the Company.

Property Plant And Equipment

Property Plant And Equipment	12 Months Ended
	Dec. 31, 2020
Disclosure of detailed information about property, plant and equipment [abstract]
Property Plant And Equipment	12 Property, plant and equipment Servers and RMB ’million Leasehold improve -ments RMB ’million Office furniture, equipment and others RMB ’million Total RMB ’million At January 1, 2019 Cost 217 88 30 335 Accumulated depreciation (96 ) (57 ) (14 ) (167 ) Net book amount 121 31 16 168 Year ended December 31, 2019 Opening net book amount 121 31 16 168 Additions 63 13 24 100 Business combination — — 1 1 Disposals — (1 ) (1 ) (2 ) Depreciation charge (60 ) (17 ) (11 ) (88 ) Closing net book amount 124 26 29 179 At December 31, 2019 Cost 264 59 41 364 Accumulated depreciation (140 ) (33 ) (12 ) (185 ) Net book amount 124 26 29 179 Year ended December 31, 2020 Opening net book amount 124 26 29 179 Additions 53 11 33 97 Business combination 1 — 1 2 Disposals (1 ) — — (1 ) Depreciation charge (66 ) (13 ) (22 ) (101 ) Closing net book amount 111 24 41 176 At December 31, 2020 Cost 315 67 70 452 Accumulated depreciation (204 ) (43 ) (29 ) (276 ) Net book amount 111 24 41 176 During the years ended December 31, 2018, 2019 and 2020, depreciation was charged to the consolidated income statements as follows: Year ended December 31, 2018 2019 2020 RMB’million RMB’million RMB’million Cost of revenues 47 64 74 Selling and marketing expenses 1 1 1 General and administrative expenses 30 23 26 78 88 101

Right-of-Use Assets

Right-of-Use Assets	12 Months Ended
	Dec. 31, 2020
Disclosure of quantitative information about right-of-use assets [abstract]
Right-of-Use Assets	13 Right-of-use The carrying amounts of right-of-use Buildings Others Total RMB’million RMB’million RMB’million Net book amount at January 1, 2019 100 — 100 Inception of new leases 89 20 109 Depreciation charge (53 ) (8 ) (61 ) Net book amount at December 31, 2019 136 12 148 Inception of new leases 257 — 257 Depreciation charge (76 ) (10 ) (86 ) Disposal (8 ) — (8 ) Net book amount at December 31, 2020 309 2 311 During the years ended December 31, 2019 and 2020, interest expense of RMB7 million and RMB9 million arising from lease liabilities was included in finance costs. Expense related to short-term leases of RMB201 million and RMB26 million were included in cost of revenues and expenses during the year ended December 31, 2019, and expense related to short-term leases of RMB238 million and RMB26 million were included in cost of revenues and expenses during the year ended December 31, 2020, The total cash outflow in financing activities for leases in 2019 was RMB63 million, including principal elements of lease payments of approximately RMB56 million and related interest paid of approximately RMB7 million, respectively. The total cash outflow in financing activities for leases in 2020 was RMB84 million, including principal elements of lease payments of approximately RMB78 million and related interest paid of approximately RMB6 million, respectively . The Group considered the lease as a single transaction in which the asset and liability are integrally linked and no net temporary difference at inception. As at December 31, 2019 and 2020, net temporary difference arose on settlement of the liability and the amortization of the leased asset on which deferred tax was immaterial. During the year s

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2020
Disclosure of detailed information about intangible assets [abstract]
Intangible Assets	14 Intangible assets Domain name, trademark and Internet audio/video program transmission license RMB’million Copyrights RMB’million Supplier resources RMB’million Corporate customer relationships RMB’million Non-compete agreement RMB’million Others RMB’million Total RMB’million At January 1, 2019 Cost 1,340 285 335 238 134 125 2,457 Accumulated amortization (287 ) (13 ) (123 ) (152 ) (71 ) (48 ) (694 ) Net book amount 1,053 272 212 86 63 77 1,763 Year ended December 31, 2019 Opening net book amount 1,053 272 212 86 63 77 1,763 Additions — 225 — — — 12 237 Business combination — 34 — — 22 — 56 Amortization charge (116 ) (157 ) (52 ) (42 ) (33 ) (34 ) (434 ) Closing net book amount 937 374 160 44 52 55 1,622 At December 31, 2019 Cost 1,340 544 335 185 156 136 2,696 Accumulated amortization (403 ) (170 ) (175 ) (141 ) (104 ) (81 ) (1,074 ) Net book amount 937 374 160 44 52 55 1,622 Year ended December 31, 2020 Opening net book amount 937 374 160 44 52 55 1,622 Additions — 876 — — — 13 889 Business combination (Note 27) — 145 — — — 1 146 Amortization charge (116 ) (365 ) (51 ) (40 ) (34 ) (31 ) (637 ) Closing net book amount 821 1,030 109 4 18 38 2,020 At December 31, 2020 Cost 1,340 1,554 335 185 156 160 3,730 Accumulated amortization (519 ) (524 ) (226 ) (181 ) (138 ) (122 ) (1,710 ) Net book amount 821 1,030 109 4 18 38 2,020 During the years ended December 31, 2018, 2019 and 2020, amortization was charged to the consolidated income statements as follows: Year ended December 31, 2018 2019 2020 RMB’million RMB’million RMB’million Cost of revenues 78 239 434 Selling and marketing expenses 62 42 41 General and administrative expenses 151 153 162 291 434 637

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2020
Changes in goodwill [abstract]
Goodwill	15 Goodwill Year ended December 31, 2019 2020 RMB’million RMB’million At January 1 17,088 17,140 Business combination 52 352 At December 31 17,140 17,492 Goodwill is tested for impairment on an annual basis or when there are indications the carrying amount may be impaired. For the purpose of impairment testing, the Group allocates its goodwill to the relevant CGUs or group of CGUs, and compares the recoverable amounts of these CGUs/groups of CGUs to their respective carrying amounts. Goodwill to the extent of approximately RMB16 billion is related to the reverse acquisition in 2016 (Note 1.1). The recoverable amount of a CGU (or group of CGUs) is the higher of its value in use and fair value less costs of disposal. Value-in-use Pre-tax When determining the recoverable amounts, management has not identified reasonably possible change in key assumptions that could cause the CGU’s (group of CGU’s) carrying amount to exceed the recoverable amount. No impairment is recognized for the years ended December 31, 2019 and 2020.

Investments accounted for using

Investments accounted for using equity method	12 Months Ended
	Dec. 31, 2020
Investments Accounted For Using Equity Method
Investments accounted for using equity method	16 Investments accounted for using equity method As at December 31, 2019 RMB’million 2020 RMB’million Investments in associates 422 2,196 Investments in joint ventures 67 59 489 2,255 Year ended December 31, 2018 RMB’million 2019 RMB’million 2020 RMB’million Share of (loss)/profit of investments accounted for using equity method: Associates 12 (9 ) 23 Joint ventures (13 ) (9 ) (4 ) (1 ) (18 ) 19 Movement of investments in associates and joint ventures is analyzed as follows: Year ended December 31, 2019 2020 RMB’million RMB’million At January 1 236 489 Additions (note i) 333 1,923 Business combination — 4 Share of (loss)/profit (18 ) 19 Share of other comprehensive losses (1 ) (9 ) Disposal (1 ) — Step acquisition accounted for as business combination — (21 ) Impairment provision (note ii) (43 ) (4 ) Currency translation differences 3 (146 ) Dividend received (20 ) — At December 31 489 2,255 Notes: (i) In March 2020, the Group completed the investment of 9.94% equity interest in a consortium, Concerto Partners LLC (“Concerto”), which is led by Tencent to acquire a 10% equity stake in Universal Music Group (“UMG”), for an investment consideration of EUR200 million (equivalent to approximately RMB1,531 million). According to the shareholders agreement of Concerto, the Group is able to participate in certain key decision making process of Concerto and therefore, this investment is accounted for as investment in an associate. (ii) Both external and internal sources of information of associates are considered in assessing whether there is any indication that the investments maybe impaired, including but not limited to financial position, business performance and market capitalization. During the year ended December 31, 2020, the impairment losses mainly resulted from revisions of financial business outlook of the associates and changes in the market environment of the underlying business. There are no material contingent liabilities relating to the Group’s interests in the investments accounted for using equity method.

Financial Assets at Fair Value

Financial Assets at Fair Value	12 Months Ended
	Dec. 31, 2020
Disclosure of financial assets [abstract]
Financial Assets at Fair Value	17 Financial assets at fair value (a) Financial assets at fair value through other comprehensive income As at December 31, 2019 and 2020, the Group’s financial assets at fair value through other comprehensive income mainly represented its equity investment in Spotify Technology S.A. (“Spotify”). Spotify has been listed on the New York Stock Exchange since April 2018. During the year ended December 31, 2020, the Group subscribed approximately 0.78% of the outstanding common stock of new Warner Music Group Corp. (“WMG”) during its IPO for approximately USD100 million (approximately RMB708 million at the transaction date). Movement of financial assets at fair value through other comprehensive income is analyzed as follows: Year ended December 31, 2019 2020 RMB’million RMB’million Listed equity investments At January 1 3,331 4,461 Addition — 708 Fair value change 1,031 5,219 Currency translation differences 99 (617 ) At December 31 4,461 9,771 (b) Other investments Other investments represent financial assets at fair value through profit or loss. Movement of other investments is analyzed as follows: Year ended December 31, 2019 2020 RMB’million RMB’million At January 1 256 255 Addition 3 132 Disposal (4 ) (1 ) At December 31 255 386 Of which are: Current 38 37 Non-current 217 349 255 386

Prepayments deposits and other

Prepayments deposits and other assets	12 Months Ended
	Dec. 31, 2020
Prepayments Deposits And Other Assets [Abstract]
Prepayments deposits and other assets	18 Prepayments, deposits and other assets As at December 31, 2019 2020 RMB’million RMB’million Included in non-current Prepaid contents royalties 816 956 816 956 Included in current assets Prepaid contents royalties 1,600 1,882 Value-added tax recoverable 153 149 Prepaid vendors deposits and other receivables 199 484 Prepaid promotion and other expenses 133 239 Receivable from Tencent (Note 31(b)) 50 39 Others 85 53 2,220 2,846

Accounts receivable

Accounts receivable	12 Months Ended
	Dec. 31, 2020
Trade And Other Receivables [Abstract]
Accounts receivable	19 Accounts receivable As at December 31, 2019 2020 RMB’million RMB’million Accounts receivable 2,209 2,814 Less: loss allowance for expected credit losses (11 ) (14 ) Accounts receivable, net 2,198 2,800 Ageing analysis of the accounts receivable based on invoice date: Up to 3 months 1,913 2,490 3 to 6 months 116 165 Over 6 months 180 159 2,209 2,814 The loss allowances for accounts receivable as at December 31, 2019 and 2020 reconciled to the opening loss allowances as follows: Year ended December 31, 2019 2020 RMB’million RMB’million At January 1 7 11 Provision for loss allowance recognized in income statement 18 8 Receivables written off during the year as uncollectible (14 ) (5 ) At December 31 11 14

Term deposits and cash and cash

Term deposits and cash and cash equivalents	12 Months Ended
	Dec. 31, 2020
Deposits From Banks [Abstract]
Term deposits and cash and cash equivalents	20 Term deposits and cash and cash equivalents (a) Term deposits As at December 31, 2019 and 2020, the Group’s term deposits were denominated in RMB. As at December 31, 2019 and 2020, the carrying amounts of the term deposits with initial terms of over three months approximated their fair values. (b) Cash and cash equivalents As at December 31, 2019 2020 RMB’million RMB’million Cash at bank 8,892 11,108 Term deposits with initial terms within three months 6,534 20 15,426 11,128

Share capital

Share capital	12 Months Ended
	Dec. 31, 2020
Equity [abstract]
Share capital	21 Share capital Number of issued shares* Share capital RMB’million Additional paid-in capital RMB’million Shares held for share award schemes RMB’million Treasury Shares RMB’million Balance January 1, 2018 2,970,573,050 2 23,915 — — Issuance of ordinary shares (note i) 97,381,238 — 2,433 — — Issuance of ordinary shares for acquiring the remaining interest in UEC 23,084,008 — 1,027 — — Issuance of puttable ordinary shares (note ii) 24,757,517 — — — — Issuance of ordinary shares to Music Label Partners ( note iii) 68,131,015 — 2,905 — — Issuance of ordinary shares upon initial public offering ( note iv) 82,059,658 — 3,496 — — Balance December 31, 2018 3,265,986,486 2 33,776 — — Issuance of ordinary shares (note v) 280,512 — 12 — — Employee share award schemes —value of employee service — — 637 — — —Shares held for share award schemes (note vi) — — — (31 ) — —Shares allotted and issued for share award schemes (note vii) 88,798,940 — — — — Balance December 31, 2019 3,355,065,938 2 34,425 (31 ) — Employee share award schemes —value of employee service — — 619 — — —Shares held for share award schemes (note vi) — — — (47 ) — —Shares allotted and issued for share award schemes (note vii) 30,077,800 — — — — Repurchase of ordinary shares ( note viii) — — — — (134 ) Balance December 31, 2020 3,385,143,738 2 35,044 (78 ) (134 ) As at December 31, 2019 and 2020, analysis of the Company’s issued shares is as follows: As at December 31, 2019 As at December 31, 2020 Number of issued shares Share capital RMB’million Number of issued shares Share capital RMB’million Class A ordinary shares 1,325,454,335 — 1,670,004,560 1 Class B ordinary shares 2,029,611,603 2 1,715,139,178 1 3,355,065,938 2 3,385,143,738 2 * All issued shares are fully paid as at December 31, 2019 and 2020. Notes: (i) From January to March 2018, 97,318,238 ordinary shares of the Company were allotted and issued to certain existing shareholders and new financial investors for an aggregated consideration of US$382 million (equivalents to approximately RMB2,493 million). These shares rank pari passu in all respects with the shares in issue. The excess over the par value was credited to the additional paid-in (ii) Issuance of puttable ordinary shares From January to March 2018, the Company allotted and issued 24,757,517 ordinary shares of the Company to certain investors for an aggregate consideration of US$123 million (equivalents to approximately RMB803 million). The consideration comprised cash proceeds of US$67 million (equivalents to approximately RMB437 million) and business cooperation arrangements, in form of contents cooperation, valued at approximately US$56 million (equivalents to approximately RMB365 million). These shares rank pari passu in all respects with the shares in issue except that there is lock up period of 3 years on these shares and the holders have the right to sell their shares to the Company during the lock up period at a pre-determined The present value of the outflows of cash in relation to the Put Right of approximately US$67 million (equivalents to approximately RMB437 million) is recognized as a liability (Note 25) and subsequently measured at fair value. The residual balance of approximately US$56 million (equivalents to approximately RMB365 million) is accounted for as an equity-settled share-based compensation and recognized in equity. In January 2021, the Put Right was expired and the relevant liability was derecognized and reclassified to equity accordingly. (iii) Share Issuances to Music Label Partners On October 3, 2018, the Company issued a total of 68,131,015 ordinary shares to WMG China LLC (“Warner”), an affiliate of Warner Music Group, and Sony Music Entertainment (“Sony”) for an aggregate cash consideration of approximately US$200 million. Under the share subscription agreements, shares held by Warner and certain shares held by Sony are subject to a lock-up lock-up The Company expects this share issuance will help deepen its strategic cooperation with its major music label partners and better align the interests with them to create long-term value. The excess fair value of the shares issued, taking into account the related terms and conditions, over the consideration received of approximately US$221 million (equivalents to approximately RMB1,519 million) was accounted for as share-based accounting charge expensed immediately upon the share issuances under IFRS 2 “Share-based Payment”. (iv) Dual-class ordinary share structure The Company adopted a dual-class ordinary share structure effective immediately prior to the completion of the IPO. Ordinary shares of the Company are divided into Class A ordinary shares and Class B ordinary shares. Holders of the Class A ordinary shares and Class B ordinary shares will have the same rights except for voting and conversion rights. Each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to 15 votes and is convertible into one Class A ordinary share. Each Class B ordinary share is convertible into one Class A ordinary share at any time by the holder thereof, while Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. Upon any sale, transfer, assignment or disposition of any Class B ordinary shares by a holder thereof to any non-affiliate All the Company’s issued ordinary shares held by the Company’s shareholders other than the then existing shareholders as at December 8, 2017 and its respective affiliates that holding any ordinary shares in the Company immediately prior to the completion of the IPO (“Pre-2018 re-designated Pre-2018 re-designated On December 12, 2018, 41,029,829 ADSs were offered by the Company upon the listing of the ADSs on the New York Stock Exchange (the “Offering”), which represented 82,059,658 Class A ordinary shares of the Company. (v) On February 20, 2019, the Company completed a private placement, where the Company sold to Tencent 280,512 Class A ordinary shares with an aggregate value of US$1.8 million at the offering price per share in our initial public offering for distribution to its eligible shareholders as required by the relevant listing rules of the Hong Kong Stock Exchange. (vi) During the years ended December 31, 2019 and 2020, the Share Scheme Trust withheld 617,634 and 1,046,852 Class A ordinary shares of the Company for an amount of approximately RMB31 million and RMB47 million which had been deducted from the equity (vii) As at December 31, 2019 and 2020, 31,310,524 and 35,763,090 Class A ordinary shares are held in the Share Scheme Trust for the purpose of granting awarded shares to the participants under the Share Award Schemes. (viii) Repurchase of shares In December 2019, the board of directors of the Company authorized a share repurchase program under which the Company may repurchase up to US$400 million of its Class A ordinary shares in the form of ADSs during a twelve-month period commencing on December 15, 2019. During the year ended December 31, 2020, the Company had repurchased 1,936,742 ADSs from the open market, at an aggregate consideration of approximately US$19 million in cash under this share repurchase program. The Company accounts for the repurchased ordinary shares as treasury stock under the cost method, and records it as a component of the shareholders’ equity.

Other Reserves

Other Reserves	12 Months Ended
	Dec. 31, 2020
Disclosure of reserves within equity [abstract]
Other Reserves	22 Other reserves Share-based compensation reserve RMB’million Contribution PRC statutory reserve RMB’million Foreign currency translation reserve RMB’million Fair value reserve RMB’million Others RMB’million Total other reserves RMB’million At January 1, 2018 576 463 59 (101 ) — — 997 Currency translation differences — — — 552 — — 552 Fair value changes on financial assets at fair value through other comprehensive income — — — — (675 ) — (675 ) Acquisition of remaining interests in associates — — — — — (831 ) (831 ) Share based compensation 840 — — — — — 840 Profit appropriations to PRC statutory reserves — — 20 — — — 20 At December 31, 2018 1,416 463 79 451 (675 ) (831 ) 903 Currency translation differences — — — 261 — — 261 Fair value changes on financial assets at fair value through other comprehensive income — — — — 1,031 — 1,031 Share of other comprehensive losses of an associate — — — — — (1 ) (1 ) Share based compensation 519 — — — — — 519 Exercise of share options/RSU (465 ) — — — — — (465 ) Additional investments in non- wholly owned subsidiaries — — — — — (76 ) (76 ) Profit appropriations to PRC statutory reserves — — 15 — — — 15 At December 31, 2019 1,470 463 94 712 356 (908 ) 2,187 Currency translation differences — — — (1,286 ) — — (1,286 ) Fair value changes on financial assets at fair value through other comprehensive income — — — — 5,219 — 5,219 Share of other comprehensive losses of an associate — — — — — (9 ) (9 ) Share based compensation 569 — — — — — 569 Exercise of share options/RSU (429 ) — — — — — (429 ) Additional investments in non-wholly owned subsidiaries — — — — — (2 ) (2 ) Profit appropriations to PRC statutory reserves — — 51 — — — 51 At December 31, 2020 1,610 463 145 (574 ) 5,575 (919 ) 6,300

Share Based Compensation

Share Based Compensation	12 Months Ended
	Dec. 31, 2020
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Share Based Compensation	23 Share based compensation (a) Share-based compensation plans of the Company The Group has adopted three share-based compensation plans, namely, the 2014 Share Incentive Plan, the 2017 Restricted Share Scheme and the 2017 Option Plan. (i) 2014 Share Incentive Plan 2014 Share Incentive Plan was approved by the then board of directors of the Company in October 2014 prior to the Reverse Acquisition. According to the 2014 Share Incentive Plan, 96,704,847 ordinary shares have been reserved to be issued to any qualified employees, directors, non-employee Some granted options follow the first category vesting schedule, one-fourth one-eighth one-fourth one-sixteenth The option holders may elect at any time to exercise any part or all of the vested options before the expiry date. Number of Weighted- average exercise price Weighted- average grant date fair value Outstanding as at January 1, 2018 53,498,273 0.21 2.09 Anti-dilution adjustments 4,731,938 — — Forfeited (1,494,002 ) 0.24 2.05 Outstanding as at December 31, 2018 56,736,209 0.19 1.94 Vested and expected to vest as at December 31, 2018 55,921,341 0.19 1.94 Exercisable as at December 31, 2018 50,155,161 0.18 1.94 Non vested as at December 31, 2018 6,581,048 0.25 1.91 Outstanding as at January 1, 2019 56,736,209 0.19 1.94 Exercised (42,091,694 ) 0.18 1.97 Forfeited (747,211 ) 0.20 2.04 Outstanding as at December 31, 2019 13,897,304 0.23 1.92 Vested and expected to vest as at December 31, 2019 13,670,469 0.23 1.92 Exercisable as at December 31, 2019 12,007,012 0.23 1.91 Non vested as at December 31, 2019 1,890,292 0.24 1.92 Outstanding as at January 1, 2020 13,897,304 0.23 1.92 Exercised (7,866,422 ) 0.23 1.91 Forfeited (46,982 ) 0.27 1.91 Outstanding as at December 31, 2020 5,983,900 0.23 1.93 Vested and expected to vest as at December 31, 2020 5,983,900 0.23 1.93 Exercisable as at December 31, 2020 5,983,900 0.23 1.93 Non vested as at December 31, 2020 — — — The weighted average price of the shares at the time these options were exercised was US$7.46 per share (equivalent to approximately RMB48.68) and US$6.76 per share (equivalent to approximately RMB44.11) during the year s Share options outstanding at the end of the year have the following expiry date and exercise prices: Grant Date Expiry date Exercise price Share options December 31, 2019 Share options December 31, 2020 March 1, 2015 February 28, 2025 US$ 0.000076 339,001 278,801 March 1, 2015 February 28, 2025 US$ 0.27 394,470 50,000 March 1, 2015 February 28, 2025 US$ 0.000076 1,407,820 460,220 March 1, 2015 February 28, 2025 US$ 0.27 1,409,162 417,410 March 30, 2015 March 29, 2025 US$ 0.27 1,953,472 700,882 July 1, 2015 June 30, 2025 US$ 0.27 — — October 1, 2015 September 30, 2025 US$ 0.27 245,826 125,100 December 31, 2015 December 30, 2025 US$ 0.27 1,529,224 599,658 December 31, 2015 December 30, 2025 US$ 0.000076 90,302 — March 1, 2016 February 28, 2026 US$ 0.27 255,377 107,889 March 31, 2016 March 30, 2026 US$ 0.27 156,498 98,938 June 1, 2016 May 30, 2026 US$ 0.27 — — June 30, 2016 June 29, 2026 US$ 0.000076 163,272 81,638 June 30, 2016 June 29, 2026 US$ 0.27 5,952,880 3,063,364 Total 13,897,304 5,983,900 Weighted average remaining contractual life of options outstanding at end of period: 5.87 5.01 (ii) 2017 Restricted Share Scheme and 2017 Option Plan Followed the completion of the Reverse Acquisition, the Company has reserved certain ordinary shares to be issued to any qualified employees of Tencent Music Business transferred to the Group. Pursuant to the RSUs agreements under 2017 Restricted Share Scheme, subject to grantee’s continued services to the Group through the applicable vesting date, some RSUs follow the first category of vesting schedule, one-fourth one-fourth Movements in the number of RSUs for the years ended December 31, 2018, 2019 and 2020 are as follows: Number of awarded shares Year ended December 31, 2018 2019 2020 Outstanding as at January 1 8,141,664 13,724,100 26,659,516 Anti-dilution adjustments 719,968 — — Granted 5,335,010 19,567,514 24,156,236 Vested — (5,700,520 ) (7,732,794 ) Forfeited (472,542 ) (931,578 ) (2,071,596 ) Outstanding as at December 31 13,724,100 26,659,516 41,011,362 Expected to vest as at December 31 10,318,030 24,377,060 37,672,420 The fair value of the restricted shares was calculated based on the fair value of ordinary shares of the Company. The weighted average fair value of restricted shares granted during the years ended December 31, 2018, 2019 and 2020 was US$6.12 per share (equivalent to approximately RMB39.93 per share), US$7.07 per share (equivalent to approximately RMB46.13 per share) and US$6.68 per share (equivalent to approximately RMB43.59 per share) respectively. Share options granted are generally subject to a four batches vesting schedule as determined by the board of directors of the grant. One-fourth one-fourth Number of Weighted- average exercise price Weighted- average grant date fair value Non vested as at December 31, 2017 26,961,386 1.89 2.17 Outstanding as at January 1, 2018 26,961,386 1.89 2.17 Anti-dilution adjustments 2,384,714 — — Granted 7,777,224 6.76 3.27 Forfeited (1,037,021 ) 1.35 1.85 Outstanding as at December 31, 2018 36,086,303 2.75 2.24 Vested and expected to vest as at December 31, 2018 28,604,121 2.58 2.38 Exercisable as at December 31, 2018 7,252,971 1.76 1.75 Non vested as at December 31, 2018 28,833,332 3.00 2.47 Outstanding as at January 1, 2019 36,086,303 2.75 2.24 Granted 1,993,780 7.05 3.00 Exercised (9,696,202 ) 1.78 1.95 Forfeited (1,743,373 ) 2.67 2.33 Outstanding as at December 31, 2019 26,640,508 3.43 2.39 Vested and expected to vest as at December 31, 2019 25,329,481 3.44 2.38 Exercisable as at December 31, 2019 6,065,968 2.45 2.04 Non vested as at December 31, 2019 20,574,540 3.71 2.50 Outstanding as at January 1, 2020 26,640,508 3.43 2.39 Granted 4,992,390 6.44 2.70 Exercised (10,026,018 ) 2.64 1.92 Forfeited (455,694 ) 6.27 3.01 Outstanding as at December 31, 2020 21,151,186 4.45 2.68 Vested and expected to vest as at December 31, 2020 20,097,190 4.44 2.68 Exercisable as at December 31, 2020 4,762,058 3.05 2.74 Non vested as at December 31, 2020 16,389,128 4.86 2.66 The weighted average price of the shares at the time these options were exercised was US$6.79 per share (equivalent to approximately RMB44.30) and US$7.66 per share (equivalent to approximately RMB49.98) during the year s The fair value of share options were valued using the Binomial option-pricing model. Assumptions used in the Binomial option-pricing model are presented below: Granted in 2018 2019 2020 Risk free interest rate 2.97%-3.21% 2.08% 0.71%-0.91% Expected dividend yield 0% 0% 0% Expected volatility 50%-60% 40% 40%-42.5% Exercise multiples 2.8 2.2-2.8 2.2-2.8 Contractual life 10 years 10 years 10 years Share options outstanding at the end of the year have the following expiry date and exercise prices: Share options as at December 31, Grant Date Expiry date Exercise price 2019 2020 June 16, 2017 June 15, 2027 US$ 2.32 7,889,968 2,738,756 August 31, 2017 August 30, 2027 US$ 0.27 4,513,508 2,748,802 December 20, 2017 December 19, 2027 US$ 2.32 5,551,752 3,973,756 April 16, 2018 April 15, 2028 US$ 4.04 975,000 650,000 October 17, 2018 October 16, 2028 US$ 7.14 5,716,500 4,667,500 June 14, 2019 June 13, 2029 US$ 7.05 1,993,780 1,637,002 June 12, 2020 June 12, 2030 US$ 6.20 — 4,285,570 August 15, 2020 August 15, 2030 US$ 7.56 — 208,790 October 15, 2020 October 15, 2030 US$ 7.17 — 71,930 December 15, 2020 December 15, 2030 US$ 9.53 — 169,080 Total 26,640,508 21,151,186 Weighted average remaining contractual life of options outstanding at end of year: 8.07 7.74 (b) Share-based compensation plans of Tencent Tencent operates a number of share-based compensation plans (including share option scheme and share award scheme) and granted certain share options and shares awards to the employees of the Group prior to the Merger in July 2016. No new grant to the employees of the Group by Tencent during the years ended December 31, 2018, 2019 and 2020. Share options granted are generally subject to a four-year or five-year vesting schedule as determined by the board of directors of Tencent. Under the four-year vesting schedule, share options in general vest one-fourth one-fourth one-fifth one-fifth RSUs are subject to a three-year or four-year vesting schedule, and each year after the grant date, one-third one-fourth Number of Average Weighted- Outstanding as at January 1, 2018 85,335 208.93 64.43 Exercised (10,235 ) 150.16 47.30 Outstanding as at December 31, 2018 75,100 216.94 66.76 Vested and expected to vest as at December 31, 2018 63,462 214.53 66.11 Exercisable as at December 31, 2018 24,212 207.49 64.21 Non vested as at December 31, 2018 50,888 221.43 67.97 Outstanding as at January 1, 2019 75,100 216.94 66.76 Exercised (10,000 ) 174.86 55.42 Outstanding as at December 31, 2019 65,100 223.40 68.50 Vested and expected to vest as at December 31, 2019 63,626 223.28 68.47 Exercisable as at December 31, 2019 35,605 219.24 67.38 Non vested as at December 31, 2019 29,495 228.43 69.86 Outstanding as at January 1, 2020 65,100 223.40 68.50 Exercised (18,060 ) 215.84 66.46 Outstanding as at December 31, 2020 47,040 226.30 69.29 Vested and expected to vest as at December 31, 2020 46,635 225.90 69.18 Exercisable as at December 31, 2020 38,937 216.72 66.70 Non vested as at December 31, 2020 8,103 272.36 81.70 The weighted average price of the shares at the time these options were exercised was HK$322.79 (equivalent to approximately RMB271.65), HK$330.2 (equivalent to approximately RMB277.89), and HK$529.38 per share (equivalent to approximately RMB445.51), during the year s The fair values of employee stock options were valued using the Binomial option-pricing model. Share options outstanding at the end of the year have the following expiry date and exercise prices: Share options as at December 31, Grant Date Expiry date Exercise price 2019 2020 July 6, 2016 July 5, 2023 HK$ 174.86 32,690 22,220 July 10, 2017 July 9, 2024 HK$ 272.36 32,410 24,820 Total 65,100 47,040 Movements in the number of awarded shares for the years ended December 31, 2018, 2019 and 2020 are as follows: Number of awarded shares Year ended December 31, 2018 2019 2020 Outstanding as at January 1 430,418 187,948 54,575 Forfeited (4,718 ) (9,037 ) (6,497 ) Vested and transferred (237,752 ) (124,336 ) (45,763 ) Outstanding as at December 31 187,948 54,575 2,315 Expected to vest as at December 31 166,321 48,977 2,199 The fair value of the awarded shares was calculated based on the market price of the Tencent’s shares at the respective grant date. The expected dividends during the vesting period have been taken into account when assessing the fair value of these awarded shares. The outstanding awarded shares as at December 31, 2020 were divided into two to five tranches on an equal basis as at their grant dates. The first tranche can be exercised immediately or after a specified period ranging from four months to four years from the grant date, and the remaining tranches will become exercisable in each subsequent year. The optionee may elect at any time while remains an employee, to exercise any part or all of the vested options before the expiry date. (c) Expected retention rate of grantees The Group has to estimate the expected yearly percentage of grantees that will stay within the Group at the end of vesting periods of the options and awarded shares (the “Expected Retention Rate”) in order to determine the amount of share-based compensation expenses charged to the consolidated income statement. As at December 31, 2019 and 2020, the Expected Retention Rate of the Group was assessed to be 88%-95%.

Notes payable

Notes payable	12 Months Ended
	Dec. 31, 2020
Borrowings [abstract]
Disclosure of borrowings [text block]	24 Notes payable As at December 31, 2019 RMB’million 2020 RMB’million Included in non-current Notes payable — 5,175 — 5,175 In September, the Company issued two tranches of senior unsecured notes with an aggregate principal amount of US$800 million as set out below. Principal Carrying (RMB’million) Interest Rate Due 2025 Notes 300 1,945 1.375 % 2025 2030 Notes 500 3,230 2.000 % 2030 800 5,175 Notes payable issued by the Company were recognized initially at fair value and subsequently carried at amortized cost, at a net proceed amounting to RMB5,400 million. Movement during the year ended December 31, 2020 since the inception date mainly represented the currency translation adjustments of RMB227 million. As at December 31, 2020, the carrying amounts of notes payable approximated their fair values and all the notes payable are included in non-current

Other Payables and Other Liabil

Other Payables and Other Liabilities	12 Months Ended
	Dec. 31, 2020
Other Payables And Other Liabilities [Abstract]
Other Payables and other liabilities	25 Other payables and other liabilities As at December 31, 2019 RMB’million 2020 RMB’million Included in non-current Government grants 2 2 Deferred income 66 66 68 68 Included in current liabilities Dividend payable 12 12 Accrued expenses (note ii) 2,105 2,717 Advances from customers 83 68 Investment payables 611 74 Other tax liabilities 140 137 Present value of liability of puttable shares (Note 21(ii)) 539 539 Deferred income 23 34 Other deposits 77 94 Others 80 206 Contingent consideration, measured at fair valu 112 — 3,782 3,881 Notes: (i) In October 2018, the Company acquired the entire equity interest of a music contents production company at a cash consideration comprising of a fixed amount and a variable amount, settlement in certain tranches. The variable amount is determined based on certain operating performance indicators of the acquiree and up to RMB400 million. As at December 31, 2019, contingent consideration in relation to the arrangement was recognized at fair value as determined by management taking into account the estimation of the performance indicators. The contingent consideration was fully settled during the year ended December 31, 2020. (ii) Accrued expenses mainly comprise of payroll and welfare, advertising and marketing, short-term lease rental and other operating expenses.

Deferred revenue

Deferred revenue	12 Months Ended
	Dec. 31, 2020
Disclosure Of Deferred Revenue [Abstract]
Deferred revenue	26 Deferred revenue As at December 31, 2019 RMB’million 2020 RMB’million Non-current 67 78 Current 1,694 1,608 1,761 1,686 Deferred revenue mainly represents contract liabilities in relation to the service fees prepaid by customers for time-based virtual gifts, membership subscriptions, content sublicensing, and digital music albums or single songs, for which the related services had not been rendered as at December 31, 2019 and 2020. Revenue recognized for the years ended December 31, 2018, 2019 and 2020 related to carried-forward contract liabilities amounted to RMB978 million, RMB1,431 million and RMB1,694 million, respectively. The transaction price allocated to the performance obligations that are unsatisfied, or partially unsatisfied, has not been disclosed, as substantially all of the Group’s contracts have a duration of one year or less.

Business Combination

Business Combination	12 Months Ended
	Dec. 31, 2020
Disclosure of detailed information about business combination [abstract]
Business Combination	27 Business Combination Acquisition of a music content company in 2020 In December 2020, the Company acquired additional equity interest of an existing associate at an aggregate consideration of RMB241 million. The consideration comprised cash of RMB140 million and a portion of equity interests of the Company’s non-wholly non-wholly As a result of the acquisition, the Group is expected to increase its presence in online music industry in China. Goodwill arising from the acquisition was attributable to an increase in coverage of the online music market of China. The goodwill recognized was not expected to be deductible for income tax purpose. The following table summarizes the amount of identified assets acquired and liabilities assumed at the acquisition date. RMB’million Aggregate Consideration 241 Fair value of existing interest as an associate of the Group 40 Fair value of non-controlling 266 547 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and cash equivalents 40 Accounts and other receivables 90 Intangible assets 146 Prepayments, deposits and other assets 104 Deferred revenue (46 ) Other payables and accruals (73 ) Account payable (21 ) Deferred tax liabilities (35 ) Goodwill 342 547 The revenue and the results contributed by the acquiree to the Group for the period since the completion date were insignificant. The Group’s revenue and results for the year would not be materially different should the acquisition occur on January 1, 2020. Transaction costs were not significant and were charged to general and administrative expenses in the consolidated income statement during the year ended December 31, 2020.

Cash flow information

Cash flow information	12 Months Ended
	Dec. 31, 2020
Disclosure Of Cash Flow Information [Abstract]
Cash flow information	28 Cash flow information (a) Cash generated from operations 2018 2019 2020 RMB’million RMB’million RMB’million Profit before income tax 2,003 4,540 4,632 Adjustments for: Depreciation and amortization 369 583 824 Impairment provision for investments in associates (Note 16) 2 43 4 Loss allowance for expected credit losses (Note 19) 3 18 8 Non-cash 487 519 569 Non-cash share-based payments arising from issues of ordinary shares to music label partners (Note 21(iii)) 1,519 — — Fair value losses on investments 30 37 — Net losses/(gains) in relation to equity investments 20 (1 ) (32 ) Gain of step-up acquisition arising from business combination (Note 27) — — (19 ) Share of loss/(profit) of associates and joint ventures (Note 16) 1 18 (19 ) Interest income (Note 6) (282 ) (615 ) (622 ) Fair value change on puttable shares 35 37 37 Interest expense — 31 62 Net exchange differences 31 (4 ) (2 ) Increase in accounts receivable (182 ) (733 ) (520 ) (Increase)/decrease in inventories (4 ) 9 8 Increase in other operating assets (789 ) (175 ) (887 ) Increase in accounts payable 780 717 644 Increase in other operating liabilities 1,581 1,164 258 Cash generated from operations 5,604 6,188 4,945 (b) Non-cash 2018 RMB’million 2019 RMB’million 2020 RMB’million Issuance of ordinary shares to music label partners 1,519 — — Issuance of ordinary shares for equity investments 1,027 — — Equity interests in certain subsidiaries as consideration for business combination (Note 27) — — 101

Financial instruments by catego

Financial instruments by category	12 Months Ended
	Dec. 31, 2020
Disclosure of detailed information about financial instruments [abstract]
Financial instruments by category	29 Financial instruments by category The Group holds the following financial instruments: Financial assets Financial assets at amortized RMB’million Financial assets at fair value through profit and loss RMB’million Financial assets at fair value through other comprehensive income RMB’million Total RMB’million As at December 31, 2019 Accounts receivable (Note 19) 2,198 — — 2,198 Other receivables (Note 18) 213 — — 213 Term deposits (Note 20(a)) 7,500 — — 7,500 Short-term investments — 6 — 6 Cash and cash equivalents (Note 20(b)) 15,426 — — 15,426 Other investments (Note 17(b)) — 255 — 255 Financial assets at fair value through other comprehensive income (Note 17(a)) — — 4,461 4,461 25,337 261 4,461 30,059 As at December 31, 2020 Accounts receivable (Note 19) 2,800 — — 2,800 Other receivables (Note 18) 411 — — 411 Term deposits (Note 20(a)) 17,811 — — 17,811 Cash and cash equivalents (Note 20(b)) 11,128 — — 11,128 Other investments (Note 17(b)) — 386 — 386 Financial assets at fair value through other comprehensive income (Note 17(a)) — — 9,771 9,771 32,150 386 9,771 42,307 Financial liabilities Liabilities at amortized cost RMB’million As at December 31, 2019 Accounts payable 2,559 Other payables and other liabilities (note) 2,261 Lease liabilities 147 4,967 As at December 31, 2020 Notes payable (Note 24) 5,175 Accounts payable 3,701 Other payables and other liabilities (note) 2,136 Lease liabilities 321 11,333 As at December 31, 2019 and 2020, financial liabilities measured at fair value comprised contingent consideration of RMB112 million and nil, were included in other payables and other liabilities. Note: Other payables and other liabilities exclude prepayment received from customers and others, staff costs, welfare accruals, other tax liabilities, government grant and deferred revenue.

Commitments

Commitments	12 Months Ended
	Dec. 31, 2020
Capital Commitments [Abstract]
Commitments	30 Commitments (a) Operating commitments The following table summarizes future minimum commitments of the Group under non-cancelable 2019 2020 RMB’million RMB’million Within one year 233 462 Later than one year but not later than five years 2 23 235 485 (b) Contents royalty The Group is subject to the following minimum royalty payments associated with its license agreements: 2019 2020 RMB’million RMB’million Within one year 4,513 3,356 Later than one year but not later than five years 2,704 1,271 7,217 4,627 (c) Investment commitments As at December 31, 2019 and 2020, the Group had commitments of approximately RMB198 million and RMB1,700 million to invest in the equity interest of certain entities.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2020
Disclosure of transactions between related parties [abstract]
Related Party Transactions	31 Related party transactions The table below sets forth the major related parties and their relationships with the Group as at December 31, 2020: Name of related parties Relationship with the Group Tencent and its subsidiaries other than the entities controlled by the Group (“Tencent Group”) The Company’s principal owner China Literature Limited (“China Literature”) Tencent’s subsidiary (a) Transactions For the years ended December 31, 2018, 2019 and 2020, significant related party transactions were as follows: 2018 2019 2020 RMB’million RMB’million RMB’million Revenue Online music services to Tencent Group (note (i)) 51 355 277 Online music services to the Company’s associates and associates of Tencent Group 18 40 206 Social entertainment services and others to Tencent Group, the Company’s associates and associates of Tencent Group 63 21 213 Expenses Operation expenses recharged by Tencent Group 589 752 1,082 Advertising agency cost to Tencent Group 207 231 440 Content royalties to Tencent Group, the Company’s associates and associates of Tencent Group (note (ii)) 88 132 306 Other costs to the Company’s associates and associates of Tencent Group 14 25 48 Notes: (i) Including revenue from content sublicensing, online advertising and subscriptions provided to Tencent Group pursuant to the Business Cooperation Agreement. (ii) In March 2020 the Group signed a five-year strategic partnership with China Literature, a subsidiary of Tencent. Through this partnership arrangement, the Group was granted a global license to produce derivative content in the form of audiobooks of online literary works for which China Literature has the rights to or the license to adapt, and the rights to sublicense, as well as the ability to distribute existing audiobooks in China Literature’s portfolio. Aggregate total minimum guarantee profit sharing to China Literature for the five-year period amounted to RMB250 million, any excess portion will be shared based on a pre-determined These related party transactions were conducted at prices and terms as agreed by parties involved. (b) Balances with related parties As at December 31, 2019 2020 RMB’million RMB’million Included in accounts receivable from related parties: Tencent Group (note) 1,653 1,993 The Company’s associates and associates of Tencent Group 49 48 Included in prepayments, deposits and other assets from related parties: Tencent Group 50 39 The Company’s associates and associates of Tencent Group 23 64 Included in accounts payable to related parties: Tencent Group 215 763 The Company’s associates and associates of Tencent Group 15 37 Included in other payables and accruals to related parties: Tencent Group 382 237 The Company’s associates and associates of Tencent Group 19 46 Outstanding balances are unsecured and are repayable on demand. Note: The balance is mainly arising from user payments collected through various payment channels of Tencent Group pursuant to the Business Cooperation Agreement signed upon the Merger. (c) Key management personnel compensation 2018 2019 2020 RMB’million RMB’million RMB’million Short-term employee benefits 64 65 62 Share-based compensation 223 233 205 287 298 267

Contingent liabilities

Contingent liabilities	12 Months Ended
	Dec. 31, 2020
Disclosure Of Contingent Liabilities [Abstract]
Contingent liabilities	32 Contingent liabilities The Group is involved in a number of claims pending in various courts, in arbitration, or otherwise unresolved as at December 31, 2020. These claims are mainly related to alleged copyright infringement with an aggregate amount of damages sought of approximately RMB47 million. Adverse results in these claims may include awards of damages and may also result in, or even compel, a change in the Company’s business practices, which could impact the Company’s future financial results. In addition, in September 2019 and October 2019, respectively, the Company, certain of its current and former directors and officers, and Tencent, based on its status as the Company’s controlling shareholder, were named as defendants in two putative securities class actions filed in the U.S. District Court for the Eastern District of New York. Both actions, purportedly brought on behalf of a class of persons who allegedly suffered damages as a result of their trading in the ADSs, allege that the Company’s public filings contained material misstatements and omissions in violation of the U.S. federal securities laws. These actions remain in their preliminary stages. Additional complaints related to these claims may be filed in the coming months. The Company is s The Company is unable to estimate the reasonably possible loss or a range of reasonably possible losses for proceedings in the early stages or where there is a lack of clear or consistent interpretation of laws specific to the industry-specific complaints among different jurisdictions. Although the results of unsettled litigations and claims cannot be predicted with certainty, the Company does not believe that, as at December 31, 2020, there was at least a reasonable possibility that the Company may have incurred a material loss, or a material loss in excess of the accrued expenses, with respect to such loss contingencies. The Group has made certain accruals in “Accounts payable” in the consolidated balance sheet as at December 31, 2020 and recognized related cost expenses for the year ended December 31, 2020. The losses accrued include judgments handed down by the court and out-of-court

Events occurring after the repo

Events occurring after the reporting period	12 Months Ended
	Dec. 31, 2020
Disclosure of non-adjusting events after reporting period [abstract]
Events occurring after the reporting period	33 Events occurring after the reporting period (a) Acquisition of Shenzhen Lanren Online Technology Co. Ltd (“Lazy Audio”) On January 15, 2021, The Company entered into a definitive agreement to acquire 100% equity interest of Lazy Audio, a well-established audio platform in China, for a total consideration of RMB2.7 billion, primarily payable in cash, plus certain post-acquisition awards to Lazy Audio’s management team. The transaction has been completed in March 2021. (b) Consortium complete the acquisition of additional equity interests in UMG On January 29, 2021, a consortium (the “Consortium”), which is led by Tencent Holdings Limited and comprising the Company and other co-investors, Upon the closing of the Transaction, the Consortium’s equity ownership in UMG increased to 20% and TME will continue to have a 9.94% equity interest in the Consortium. (c) Strategic licensing agreement with Warner Record Music (“WRM”) In March 2021, The Company extended their multi-year strategic licensing agreement with WRM upon its expiration. As part of the extension, the Company also agreed to establish a new joint venture record label in China as well as expand the partnership to a wider range, including the usage of WRM’s content across all music and entertainment platforms. (d) Repurchase of shares On March 28, 2021, the Company announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$1 billion of its Class A ordinary shares in the form of American depositary shares (“ADSs”) during a twelve-month period commencing on March 29, 2021. Up to the date of this report, the Company repurchased ADSs from the open market for an aggregate consideration of approximately US$50 million in cash pursuant to the share repurchase program.

Approval of these consolidated

Approval of these consolidated financial statements	12 Months Ended
	Dec. 31, 2020
Approval Of Consolidated Financial Statements [Abstract]
Approval of these consolidated financial statements	34 Approval of these consolidated financial statements These consolidated financial statements were approved for issue by the board of directors of the Company on April 9, 2021.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Disclosure Of Significant Accounting Policies [Abstract]
Basis of preparation	2.1 Basis of preparation The consolidated financial statements of the Group have been prepared in accordance with the International Financial Reporting Standards (“IFRSs”) as issued by International Accounting Standards Board (“IASB”). The consolidated financial statements have been prepared under the historical cost convention, as modified by the revaluation of other investments, financial assets at fair value through other comprehensive income, short-term investments, other financial liabilities which are carried at fair value. The preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 4.
New and amendments to the accounting standards adopted and recent accounting pronouncements	2.2 New and amendments to the accounting standards adopted and recent accounting pronouncements (a) New and amendments to the accounting standards adopted The following standards and amendments have been adopted by the Group for the first time for the financial year beginning on January 1, 2020: Amendments to IAS 1 and IAS 8 Definition of Material Amendments to IFRS 3 Definition of a Business Conceptual Framework Revised Conceptual Framework for Financial Reporting IFRS 16 (amendments) COVID-19 Amendments to IFRS 9, IAS 39 and IFRS 7 Interest Rate Benchmark Reform The adoption of these new and amended standards does not have material impact on the consolidated financial statements of the Group. (b) Recent accounting pronouncements The following new standards and amendments to standards have not come into effect for the financial year beginning January 1, 2020, and have not been early adopted by the Group in preparing these consolidated financial statements. None of these new standards and amendments to standards is expected to have a significant effect on the consolidated financial statements of the Group. Effective for Amendments to IAS 28 and IFRS 10 Sale or contribution of assets between an investor and its associate or joint venture To be determined Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform—phase 2 1 January 2021 IAS 16 (amendments) Property, plant and equipment: Proceeds before intended use 1 January 2022 IAS 37 (amendments) Onerous contract—cost of fulfilling a contract 1 January 2022 Amendments to IFRS Annual Improvements to IFRS Standards 2018-2020 Cycle 1 January 2022 IAS 1 (amendments) Classification of Liabilities as current and non-current 1 January 2023 IFRS 17 Insurance contracts 1 January 2023 Amendments to IAS 1 and IFRS Practice Statement 2 Disclosure of Accounting Policies 1 January 2023 Amendments to IAS 8 Definition of Accounting Estimates 1 January 2023
Principles of consolidation and equity accounting	2.3 Principles of consolidation and equity accounting (a) Subsidiaries Subsidiaries are all entities (including VIEs as stated in Note 1.2 above) over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases. Intercompany transactions, balances and unrealized gains on transactions between group companies are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. Non-controlling (b) Associates Associates are all entities over which the Group has significant influence but not control or joint control, generally but not necessarily accompanying a shareholding of between 20% and 50% of the voting rights. Investments in associates are accounted for using the equity method of accounting (see (d) below), after initially being recognized at cost. Interests in associates are accounted for using the equity method of accounting (see (d) below), after initially being recognized at cost in the consolidated balance sheet. (c) Joint ventures Investments in joint arrangements are classified as either joint operations or joint ventures depending on the contractual rights and obligations of each investor. The Group has assessed the nature of its joint arrangements and determined them to be joint ventures. Interests in joint ventures are accounted for using the equity method (see (d) below), after initially being recognized at cost in the consolidated balance sheet. (d) Equity accounting Under the equity method of accounting, the investments are initially recognized at cost and adjusted thereafter to recognize the Group’s share of the post-acquisition profits or losses of the investee in profit or loss, and the Group’s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from associates and joint ventures are recognized as a reduction in the carrying amount of the investment. When the Group’s share of losses in an equity-accounted investment equals or exceeds its interest in the entity, including any other unsecured long-term receivables, the Group does not recognize further losses, unless it has incurred obligations or made payments on behalf of the other entity. Unrealised gains on transactions between the Group and its associates and joint ventures are eliminated to the extent of the Group’s interest in these entities. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of equity accounted investees have been changed where necessary to ensure consistency with the policies adopted by the Group. The carrying amount of equity-accounted investments is tested for impairment in accordance with the policy described in Note 2.10 whenever there is an indication that the carrying amount may be impaired in accordance with Note 2.11 (b).
Business combinations	2.4 Business combinations The acquisition method of accounting is used to account for all business combinations except for the business combinations under common control as stated below, regardless of whether equity instruments or other assets are acquired. The consideration transferred for the acquisition of a subsidiary comprises the: • fair values of the assets transferred • liabilities incurred to the former owners of the acquired business • equity interests issued by the Group • fair value of any asset or liability resulting from a contingent consideration arrangement, and • fair value of any pre-existing Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are, with limited exceptions, measured initially at their fair values at the acquisition date. The Group recognizes any non-controlling acquisition-by-acquisition non-controlling Acquisition-related costs are expensed as incurred. The excess of the: • consideration transferred, • amount of any non-controlling • acquisition-date fair value of any previous equity interest in the acquired entity over the fair value of the net identifiable assets acquired is recorded as goodwill. If the business combination is achieved in stages, the acquisition date carrying value of the acquirer’s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date. Any gains or losses arising from such remeasurement are recognized in profit or loss. Business combination under common control The Group accounts for the business combination between entities under common control using the predecessor accounting. For predecessor accounting: • Assets and liabilities of the acquired entity are stated at predecessor carrying values. Fair value measurement is not required. • No new goodwill arises in predecessor accounting. • Any difference between the consideration given and the aggregate carrying value of the assets and liabilities of the acquired entity at the date of the transaction is included in equity in retained earnings or in a separate reserve. The Group does not restate any assets and liabilities of the acquired entity. The assets and liabilities of the acquired entity are consolidated using the predecessor’s amounts from the controlling party’s perspective. No new goodwill is recorded. Any difference between the cost of investment and the carrying value of the net assets is recorded in equity as merger reserve. The Group elects to incorporate the acquired entity’s results only from the date on which the business combination between entities under common control occurred. Consequently, the consolidated financial statements do not reflect the results of the acquired entity for the period before the transaction occurred. The corresponding amount for the previous year is also not restated.
Segment reporting	2.5 Segment reporting Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision makers, who are responsible for allocating resources and assessing performance of the operating segments and making strategic decisions. The Group’s chief operating decision makers have been identified as executive directors of the Company, who review the consolidated results of operations when making decisions about allocating resources and assessing performance of the Group as a whole. For the purpose of internal reporting and management’s operation review, the chief operating decision-makers and management personnel do not segregate the Group’s business by product or service lines. Hence, the Group has only one operating segment. In addition, the Group does not distinguish between markets or segments for the purpose of internal reporting. As the Group’s assets and liabilities are substantially located in the PRC, substantially all revenues are earned and substantially all expenses are incurred in the PRC, no geographical segments are presented.
Foreign currency translation	2.6 Foreign currency translation (a) Functional and presentation currency Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The functional currency of the Company is United States Dollars (“US$”). As the major operations of the Group are within the PRC, the Group presents its consolidated financial statements in Renminbi (“RMB”), unless otherwise stated. (b) Transactions and balances Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies at year end exchange rates are generally recognized in the income statement. Foreign exchange gains and losses that relate to borrowings are presented in the income statement, within finance cost. All other foreign exchange gains and losses are presented in the income statement on a net basis within finance cost. (c) Group companies The results and financial position of foreign operations (none of which has the currency of a hyperinflationary economy) that have a functional currency different from the presentation currency are translated into the presentation currency as follows: • assets and liabilities for each balance sheet presented are translated at the closing rate at the date of that balance sheet • income and expenses for each income statement and statement of comprehensive income are translated at average exchange rates (unless this is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at the dates of the transactions), and • all resulting exchange differences are recognized in other comprehensive income. On consolidation, exchange differences arising from the translation of any net investment in foreign entities are recognized in other comprehensive income. When a foreign operation is sold or any borrowings forming part of the net investment are repaid, the associated exchange differences are reclassified to profit or loss, as part of the gains or losses on sale. Goodwill and fair value adjustments arising on the acquisition of a foreign operation are treated as assets and liabilities of the foreign operation and translated at the closing rate. Currency translation differences arising are recognized in other comprehensive income.
Property, plant and equipment	2.7 Property, plant and equipment Property, plant and equipment are stated at historical cost less accumulated depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognized when replaced. All other repairs and maintenance are charged to profit or loss during the reporting period in which they are incurred. Depreciation is calculated using the straight-line method to allocate their cost or revalued amounts, net of their residual values, over their estimated useful lives or, in the case of leasehold improvements and certain leased plant and equipment, the shorter lease term as follows: Servers and network equipment 3 - 5 years Office furniture, equipment and others 3 - 5 years Leasehold improvements Shorter of expected lives of leasehold improvements and lease term The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period. An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount (Note 2.10). Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized in the income statement.
Goodwill	2.8 Goodwill Goodwill is not amortized but it is tested for impairment annually, or more frequently if events or changes in circumstances indicate that it might be impaired, and is carried at cost less accumulated impairment losses. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold. Goodwill is allocated to cash-generating units (“CGUs”) for the purpose of impairment testing. The allocation is made to those CGUs or groups of CGUs that are expected to benefit from the business combination in which the goodwill arose. The units or groups of units are identified at the lowest level at which goodwill is monitored for internal management purposes, below the operating segment.
Other intangible assets	2.9 Other intangible assets (a) Domain name, trademark and Internet audio/video program transmission license Separately acquired domain name, trademark and Internet audio/video program transmission license are shown at historical cost. These assets acquired in a business combination are recognized at fair value at the acquisition date. Domain name, trademark and Internet audio/video program transmission license have a finite useful life and are carried at cost less accumulated amortization. Amortization is calculated using the straight-line method to allocate the cost of these assets and over their respective useful live of no more than 12 years. The useful lives of these assets are the periods over which they are expected to be available for use by the Group, and the management of the Group also take into account of past experience when estimating the useful lives. (b) Separately acquired and internal developed contents and copyrights Separately acquired contents and copyrights are shown at historical cost. The Group also produces or/and contracts external parties to produce contents to exhibit on its platforms. Produced contents includes direct production costs, production overhead and acquisition costs. The Group recognizes internal developed contents as intangible assets only when the following criteria are met: the technical feasibility of completing the intangible asset exists, there is an intent to complete and an ability to use or sell the intangible asset, the intangible asset will generate probable future economic benefits, there are adequate resources available to complete the development and to use or sell the intangible asset, and there is the ability to reliably measure the expenditure attributable to the intangible asset during its development. Capitalized in house produced contents are amortized on a straight-line basis over the estimated useful lives of 1 to 5 years. (c) Other intangible assets acquired in a business combination Other intangible assets acquired in a business combination are recognized initially at fair value at the acquisition date and subsequently carried at the amount initially recognized less accumulated amortization and impairment loss, if any. Amortization is calculated using the straight-line method to allocate the costs of acquired intangible assets over the following estimated useful lives: Online users 1 year Corporate customer relationship 3 - 4 years Supplier resources 3 - 6 years Non-compete 4 - 5 years Copyrights 3 - 7 years
Impairment of non-financial assets	2.10 Impairment of non-financial Goodwill and intangible assets that have an indefinite useful life are not subject to amortization and are tested annually for impairment, or more frequently if events or changes in circumstances indicate that they might be impaired. Other assets are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairment review on the goodwill of the Group is conducted by the management as at December 31 according to IAS 36 “Impairment of assets”. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs of disposal and value in use. For the purpose of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). Non-financial
Investments and other financial assets	2.11 Investments and other financial assets (a) Classification and measurement The Group classifies its financial assets in the following measurement categories: • those to be measured subsequently at fair value (either through other comprehensive income, or through profit or loss), and • those to be measured at amortized cost. The classification depends on the entity’s business model for managing the financial assets and the contractual terms of the cash flows. For assets measured at fair value, gains and losses will either be recorded in profit or loss or other comprehensive income. For investments in equity instruments that are not held for trading, this will depend on whether the Group has made an irrevocable election at the time of initial recognition to account for the equity investment at fair value through other comprehensive income. The Group reclassifies debt investments only when its business model for managing those assets changes. Purchases and sales of financial assets are recognized on trade-date, the date on which the Group commits to purchase or sell the asset. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Group has transferred substantially all the risks and rewards of ownership. At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value through profit or loss are expensed in profit or loss. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are solely payments of principal and interest. Debt instruments Initial recognition and subsequent measurement of debt instruments depend on the Group’s business model for managing the asset and the contractual cash flow characteristics of the asset. There are three categories into which the Group classifies its debt instruments: • Amortized cost: Financial assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest are classified as and measured at amortized cost. A gain or loss on a debt investment measured at amortized cost which is not part of a hedging relationship is recognized in profit or loss when the asset is derecognized or impaired. Interest income from these financial assets is recognized using the effective interest rate method. • Fair value through other comprehensive income: Financial assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets’ cash flows represent solely payments of principal and interest, are classified as and measured at fair value through other comprehensive income. Movements in the carrying amount of these financial assets are taken through other comprehensive income, except for the recognition of impairment losses or reversals, interest income and foreign exchange gains and losses which are recognized in profit or loss. When the financial asset is derecognized, the cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to profit or loss and recognized in “other gains/(losses), net” in the consolidated income statement. Interest income from these financial assets is recognized using the effective interest rate method. Foreign exchange gains and losses and impairment losses or reversals are presented in “other gains/(losses), net”. • Fair value through profit or loss: Financial assets that do not meet the criteria for amortized cost or fair value through other comprehensive income are classified as and measured at fair value through profit or loss. A gain or loss on a debt investment measured at fair value through profit or loss which is not part of a hedging relationship is recognized in profit or loss and presented in “other gains/(losses), net” for the period in which it arises. Equity instruments The Group subsequently measures all equity investments at fair value. Where the Group’s management has elected to present fair value gains and losses on equity investments in other comprehensive income, there is no subsequent reclassification of fair value gains and losses to profit or loss following the derecognition of the investment. Dividends from such investments continue to be recognized in profit or loss as other income when the Group’s right to receive payments is established. Changes in the fair value of financial assets at fair value through profit or loss are recognized in “other gains/(losses), net” in the statement of profit or loss as applicable. Impairment losses (and reversal of impairment losses) on equity investments measured at fair value through other comprehensive income are not reported separately from other changes in fair value. (b) Impairment The Group assesses on a forward looking basis the expected credit losses associated with its debt instruments carried at amortized cost and fair value through other comprehensive income. The impairment methodology applied depends on whether there has been a significant increase in credit risk. For accounts receivable and contract assets, the Group applies the simplified approach permitted by IFRS 9, which requires expected lifetime losses to be recognized since initial recognition. Impairment on deposits and other receivables is measured as either 12-month The Group assesses on a forward looking basis the expected credit losses associated with its debt instruments carried at amortized cost and fair value through other comprehensive income. The impairment methodology applied depends on whether there has been a significant increase in credit risk. (c) Offsetting Financial assets and liabilities are offset and the net amount reported in the balance sheet where the Company currently has a legally enforceable right to offset the recognized amounts, and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. The Company has also entered into arrangements that do not meet the criteria for offsetting but still allow for the related amounts to be set off in certain circumstances, such as bankruptcy or the termination of a contract.
Inventories	2.12 Inventories Inventories, mainly consisting of merchandise for sale, are primarily accounted for using the weighted average method and are stated at the lower of cost and net realizable value.
Accounts receivable	2.13 Accounts receivable Accounts receivable are amounts due from customers for goods sold or services performed in the ordinary course of business. Accounts receivable are generally due for settlement within 30 to 90 days and therefore are all classified as current.
Short-term investments	2.14 Short-term investments Short-term investments are investments issued by commercial banks in the PRC with a variable return and accounted for as financial assets at fair value through profit and loss (see Note 2.11 above). Since these investments’ maturity dates are within one year, they are classified as current assets.
Cash and cash equivalents	2.15 Cash and cash equivalents For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, and other short-term deposits with original maturities of three months or less.
Share capital	2.16 Share capital Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of tax, from the proceeds. Where any Group company purchases the Company’s equity instruments, the consideration paid, including any directly attributable incremental costs, is deducted from equity attributable to the Company’s equity holders as treasury shares until the shares are cancelled or reissued. Where such shares are subsequently reissued, any consideration received (net of any directly attributable incremental transaction costs) is included in equity attributable to the Company’s equity holders.
Accounts and other payables	2.17 Accounts and other payables These amounts represent liabilities for goods and services provided to the Group prior to the end of financial year which are unpaid. The amounts are unsecured and are usually paid within 1 year of recognition. Accounts and other payables are presented as current liabilities unless payment is not due within 12 months after the reporting period.
Borrowings (including notes payable)	2.18 Borrowings (including notes payable) Borrowings (including notes payable) issued by the Group are recognised initially at fair value, net of transaction costs incurred. They are subsequently carried at amortized cost. Any difference between proceeds (net of transaction costs) and the redemption value is recognised in the consolidated income statement over their terms using the effective interest method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan facilities to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a prepayment for liquidity services and amortized over the term of the facility to which it relates. Notes payable are classified as non-current General and specific finance costs directly attributable to the acquisition and construction of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. During the year ended December 31, 2020, finance cost capitalised was nil.
Current and deferred income tax	2.19 Current and deferred income tax The income tax expense or credit for the period is the tax payable on the current period’s taxable income based on the applicable income tax rate for each jurisdiction adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses. (a) Current income tax The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the end of the reporting period in the countries where the company’s subsidiaries and associates operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities. (b) Deferred income tax Deferred income tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. However, deferred tax liabilities are not recognized if they arise from the initial recognition of goodwill. Deferred income tax is also not accounted for if it arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the end of the reporting period and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled. Deferred tax assets are recognized only if it is probable that future taxable amounts will be available to utilize those temporary differences and losses. Deferred tax liabilities and assets are not recognized for temporary differences between the carrying amount and tax bases of investments in foreign operations where the company is able to control the timing of the reversal of the temporary differences and it is probable that the differences will not reverse in the foreseeable future. (c) Offsetting Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the deferred tax balances relate to the same taxation authority. Current tax assets and tax liabilities are offset where the entity has a legally enforceable right to offset and intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. (d) Uncertain tax positions In determining the amount of current and deferred income tax, the Group takes into account the impact of uncertain tax positions and whether additional taxes, interest or penalties may be due. This assessment relies on estimates and assumptions and may involve a series of judgments about future events. New information may become available that causes the Group to change its judgment regarding the adequacy of existing tax liabilities. Such changes to tax liabilities will impact tax expense in the period that such a determination is made.
Employee benefits	2.20 Employee benefits (a) Employee leave entitlements Employee entitlements to annual leave are recognized when they accrue to employees. A provision is made for the estimated liability for annual leave as a result of services rendered by employees up to the end of the reporting period. Employee entitlements to sick and maternity leave are not recognized until the time of leave. (b) Pension obligations The Group participates in various defined contribution retirement benefit plans which are available to all relevant employees. These plans are generally funded through payments to schemes established by governments or trustee-administered funds. A defined contribution plan is a pension plan under which the Group pays contributions on a mandatory, contractual or voluntary basis into a separate fund. The Group has no legal or constructive obligations to pay further contributions if the fund does not hold sufficient assets to pay all employees the benefits relating to employee services in the current and prior periods. The Group’s contributions to the defined contribution plans are expensed as incurred and not reduced by contributions forfeited by those employees who leave the plan prior to vesting fully in the contributions.
Share-based payments	2.21 Share-based payments The Group operates a number of equity-settled share-based compensation plan (including share option schemes and share award schemes), under which the Group receives services from employees as consideration for equity instruments (including stock options and restricted shares units (“RSUs”)) of the Group. In addition, the controlling shareholder, Tencent, also operates certain share-based compensation plans (mainly share option schemes and share award schemes) which may cover the employees of the Group. Share awards granted to the employees of the Group are measured at the grant date based on the fair value of equity instruments and are recognized as an expense over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied, and credited to equity as “share-based compensation reserve” if it is related to equity instruments of the Company or as “contribution from ultimate holding company” if it is related to equity instruments of Tencent. For grant of share options, the total amount to be expensed is determined by reference to the fair value of the options granted by using Binomial model (the “Binomial Model”). The determination of the fair value is affected by the share price as well as assumptions regarding a number of complex and subjective variables, including the expected share price volatility, expected forfeiture rate, risk-free interest rates, contract life and expected dividends. For grant of award shares, the total amount to be expensed is determined by reference to the fair value of the Company or market price of Tencent’s shares at the grant date. Forfeitures are estimated at the time of grant and revised in the subsequent periods if actual forfeitures differ from those estimates. If a share-based arrangement involving a compound financial instrument issued by the Group, which includes a debt component (i.e. the counterparty’s right to demand payment in cash) and an equity component (i.e. the counterparty’s right to demand settlement in equity instruments rather than in cash), to any party other than employees, the Group measure the equity component of the compound financial instrument as the difference between the fair value of the goods or services received and the fair value of the debt component, at the date when the goods or services are received. If a compound financial instrument issued by the Group to the employees, the Group first measure the fair value of the debt component, and then measure the fair value of the equity component—taking into account that the counterparty must forfeit the right to receive cash in order to receive the equity instrument. The fair value of the compound financial instrument is the sum of the fair values of the two components. The debt component will be accounted for as a cash-settled share-based payment transaction; and the equity component will be accounted for as an equity-settled share-based payment.
Provisions	2.22 Provisions Provisions for legal claims and service warranties are recognized when the Group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are not recognized for future operating losses. Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognized even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the end of the reporting period. The discount rate used to determine the present value is a pre-tax
Revenue recognition	2.23 Revenue recognition The Group generates revenues primarily from provision of music entertainment services, such as paid music, virtual gifts sales and content sublicensing, and online advertising. Revenue is recognized when or as the control of the services or goods is transferred to the customer. Depending on the terms of the contract and the laws that are applied to the contract, control of the services and goods may be transferred over time or at a point in time. (a) Revenue from online music services Online music services revenues primarily include revenues from subscriptions, sale of digital music singles and albums, content sublicensing and online advertising on the Group’s online music platforms. The Group provides to users certain subscription packages which entitle paying subscribers a fixed amount of non-accumulating “ad-free” The Group also provides its users to purchase early release access to certain new digital music singles and albums. These singles and albums can be downloaded and streamed only through the Group’s platform. Such music singles and albums will be made available to all users to access after the initial launch period which is generally 3 months. The Group considers that it provides the early access to the newly launched singles and albums within its platform as opposed to providing functional intellectual property to the users. As a result, the performance obligation of providing early access is satisfied over time. The above services can be paid directly by users by way of online payment channels or through various third party platforms. The Group records revenue on gross basis according to the criteria stated in (c) below and recognizes service fees levied by online payment channels or third party platforms (“Channel Fees”) as the cost of revenues in the same period as the related revenue is recognized. The Group sublicenses certain of the Group’s music content to other music platforms for a fixed period of time, typically one year, that falls within the original license period. The Group is obliged to replicate the licensed content library for any subsequent changes in the contents, including any new contents or removal of existing contents, updated by the contents partners any time during the sublicense period. As a result, the Group determines sublicense of contents as a single performance obligation. Revenues from sublicensing the contents is recognized over the sublicense period. The Group only recognizes revenue when it is highly probable that this will not result in a significant reversal of revenue when any uncertainty is resolved. The Group does not adjust the promised amount of consideration for the effects of any significant financing component as the sublicense period is typically one year. Advertising revenue is primarily generated through display ads on the Group’s platforms. Advertising contracts are signed to establish the fixed prices and advertising services to be provided based on cost per display (“CPD”) or cost per mille (“CPM”) arrangements. When the collectability is reasonably assured, advertising revenues from the CPD arrangements that are display ads for an agreed period of time, are recognized ratably over the contract period of display based on a time-based measure of progress as the performance obligation is expended evenly over the period, while revenue from the CPM arrangements are recognized based on the number of times that the advertisement has been displayed. The Group allocates revenue to each performance obligation on a relative stand-alone selling price basis which is determined with reference to the prices charged to customers. The Group also entered into contracts with advertising agencies third-party or entities controlled by Tencent, which represent the Group in negotiation and contracting with advertisers. The Group shares with these advertising agencies a portion of the revenues the Group derives from the advertisers. Revenues are recognized on a gross or net basis based on assessment according to the criteria stated in (c) below. If revenue for advertising through these advertising agencies are recorded at the gross amount, the portion remitted to advertising agencies, including any cash incentive in the form of commissions, is recorded as cost of revenues. If revenue for advertising through these advertising agencies are recorded at the net amount, cash incentives, in the form of commissions to any advertising agencies based on volume and performance, are accounted for as a reduction of revenue, based on expected performance. (b) Revenue from social entertainment services and others The Group offers virtual gifts to users for free or sell virtual gifts to users on the Group’s online karaoke and live streaming platforms. The virtual gifts are sold to users at different specified prices as pre-determined Virtual gifts are categorized as consumable, time-based and durable. Consumable items are consumed upon purchase and use while time-based items could be used for a fixed period. The Group does not have further obligations to the user after the virtual gifts are consumed immediately or after the stated period for time-based items. The revenue for the sale of consumable virtual gifts on the online karaoke and online broadcasting platforms is recognized immediately when a virtual item is consumed or, in the case of a time-based virtual item, recognized ratably over the useful life of the items, which generally does not exceed one year. The Group recognizes the revenue for sale of durable virtual gifts over their estimated lifespans of no longer than six months, which are determined by the management based on the expected service period derived from past experiences, given there is an implicit obligation of the Group to maintain the virtual gifts operated on its platforms. The Group may share with performers a portion of the revenues derived from the sale of the virtual gifts on the online karaoke and live streaming platforms. Revenues for the sale of virtual gifts are recorded at the gross amount with the portion remitted to performers recorded as cost of revenues as the Group considers itself the primary obligor in the sale of virtual gifts with the latitude in establishing prices, and the rights to determine the specifications or change the virtual gifts. The Group also generates revenue from online karaoke and live streaming services by selling premium memberships that provide paying users with certain privileges. The fees for these packages are time-based ranging from one month to twelve months and are collected up-front The Group also generated advertising revenue from its social entertainment platforms and the policies for recognized advertising revenue is described in Note 2.23(a) above. (c) Principal agent consideration The Group reports the revenue on a gross or net basis depending on whether the Group is acting as a principal or an agent in a transaction. The determination of whether to report the revenues of the Group on a gross or net basis is based on an evaluation of various factors, including but not limited to whether the Group (i) is the primary obligor in the arrangement; (ii) has latitude in establishing the selling price; (iii) changes the product or performs part of the service; (iv) has involvement in the determination of product and service specifications. The Group does not disclose the information about the remaining performance obligations as the performance obligations of the Group have an expected duration of one year or less. (d) Contract liabilities and contract costs A contract liability is the Group’s obligation to transfer goods or services to a customer for which the Group has received consideration (or an amount of consideration is due) from the customer. Contract costs includes incremental costs of obtaining a contract and costs to fulfil a contract.
Interest income	2.24 Interest income Interest income is calculated by applying the effective interest rate to the gross carrying amount of a financial asset except for financial assets that subsequently become credit-impaired. For credit-impaired financial assets the effective interest rate is applied to the net carrying amount of the financial asset (after deduction of the loss allowance).
Cost of revenues	2.25 Cost of revenues Cost of revenues mainly consists of service costs, advertising agency fees, channel fees, amortization of intangible assets, salaries and benefits for operation personnel (including related share-based compensation) and others. Service costs include royalty payments to music content providers and revenue sharing with performers on the online karaoke and live streaming platforms. Payment arrangements with music content providers are mainly calculated under pre-determined non-recoupable non-recoupable non-recoupable
Selling and marketing expenses	2.26 Selling and marketing expenses Selling and marketing expenses mainly consist of advertising expenses for branding and acquiring user traffic for our online music show platforms, salaries and commissions for our sales and marketing personnel (including related share-based compensation) and intangible assets amortization. Advertising costs are included in “Selling and marketing” and are expensed when the service is received.
General and Administrative Expenses	2.27 General and administrative expenses General and administrative expenses mainly consist of salaries and benefits for management and administrative personnel and research and development personnel (including related share-based compensation), rental and depreciation expenses related to facilities and equipment used by our research and development team, professional service expense, amortization of intangible assets and other general corporate expenses. The Group recognizes research and development related costs as expense when incurred as the amount of costs qualifying for capitalization has been immaterial.
Government grants	2.28 Government grants Grants from the government are recognized at their fair value where there is a reasonable assurance that the grant will be received and the Group will comply with all attached conditions.
Leases	2.29 Leases Until December 31, 2018, leases in which a significant portion of the risks and rewards of ownership were not transferred to the group as lessee were classified as operating leases. Payments made under operating leases (net of any incentives received from the lessor) were charged to profit or loss on a straight-line basis over the period of the lease. From January 1, 2019, leases are recognized as a right-of-use Contracts may contain both lease and non-lease non-lease • fixed payments (including in-substance • variable lease payment that are based on an index or a rate, initially measured using the index or rate as at the commencement date • amounts expected to be payable by the Group under residual value guarantees • the exercise price of a purchase option if the Group is reasonably certain to exercise that option, and • payments of penalties for terminating the lease, if the lease term reflects the Group exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the Group, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use To determine the incremental borrowing rate, the group: • where possible, uses recent third-party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received • uses a build-up • makes adjustments specific to the lease, e.g. term, country, currency and security. The Group is exposed to potential future increases in variable lease payments based on an index or rate, which are not included in the lease liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and adjusted against the right-of-use Lease payments are allocated between principal and finance cost. The finance cost is charged to income statement over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right-of-use • the amount of the initial measurement of lease liability • any lease payments made at or before the commencement date less any lease incentives received • any initial direct costs, and • restoration costs. Right-of-use right-of-use Payments associated with short-term leases of equipment and vehicles and all leases of low-value Low-value
Dividends distribution	2.30 Dividends distribution Dividend distribution to the Company’s shareholders is recognized as a liability in the consolidated financial statements in the period in which the dividends are approved by the Company’s shareholders or directors, where appropriate. Distribution of non-cash non-cash non-cash

General information, organiza_2

General information, organization and basis of preparation (Tables)	12 Months Ended
	Dec. 31, 2020
General Information Organization And Basis Of Preparation [Abstract]
Summary of Significant Subsidiaries, VIEs, and Subsidiaries of VIEs	As at December 31, 2020, the Company’s significant subsidiaries, VIEs, and subsidiaries of VIEs were as follows: Place of incorporation Date of Incorporation or acquisition Equity Interest Held (direct or indirect) Principal activities Subsidiaries Tencent Music Entertainment Hong Kong Limited (“TME Hong Kong”) (formerly known as “Ocean Music Hong Kong Limited”) Hong Kong July 2016* 100 % Investment holding and music content distribution Tencent Music (Beijing) Co., Ltd. (“Beijing Tencent Music”) (formerly known as “Ocean Interactive (Beijing) Information Technology Co., Ltd.”) PRC July 2016* 100 % Technical support and consulting services Yeelion Online Network Technology (Beijing) Co., Ltd. (“Yeelion Online”) PRC July 2016* 100 % Technical support and consulting services Tencent Music Entertainment Technology (Shenzhen) Co., Ltd. (‘‘TME Tech Shenzhen”) PRC February 2017 100 % Online music and entertainment related services Variable Interest Entities Guangzhou Kugou Computer Technology Co., Ltd. (“Guangzhou Kugou”) PRC July 2016* 100 % Online music and entertainment related services Beijing Kuwo Technology Co., Ltd. (“Beijing Kuwo”) PRC July 2016* 100 % Online music and entertainment related services Xizang Qiming Music Co., Ltd. (“Xizang Qiming”) PRC February 2018 100 % Music content investments Subsidiaries of Variable Interest Entities Tencent Music Entertainment (Shenzhen) Co., Ltd. (“TME Shenzhen”) PRC July 2016* 100 % Online music and entertainment related services * Representing the entities acquired by the Group on July 12, 2016.
Summary of Condensed Separate Financial Statements	The following are major financial statements amounts and balances of the Group’s VIEs and subsidiaries of VIEs as at December 31, 2019 and 2020 and for the years ended December 31, 2018, 2019 and 2020 on a combined basis. As at December 31, 2019 2020 RMB’million RMB’million Total current assets 9,303 10,700 Total non-current 5,824 7,394 Total assets 15,127 18,094 Total current liabilities (6,446 ) (6,986 ) Total non-current (425 ) (393 ) Total liabilities (6,871 ) (7,379 ) Year ended December 31, 2018 2019 2020 RMB’million RMB’million RMB’million Total revenues 18,966 25,379 29,094 Net profit 1,333 1,323 1,625 Net cash (outflow)/inflow from operating activities (334 ) (101 ) 1,222 Net cash outflow from investing activities (1,244 ) (185 ) (1,099 ) Net cash outflow from financing activities — (115 ) (53 ) Net (decrease)/increase in cash and cash equivalents (1,578 ) (401 ) 70 Cash and cash equivalents, beginning of the year 3,306 1,728 1,327 Cash and cash equivalents, end of the year 1,728 1,327 1,397

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure Of Significant Accounting Policies [Abstract]
Disclosure Of Estimated Useful Lives Property Plant And Equipment Explanatory	Depreciation is calculated using the straight-line method to allocate their cost or revalued amounts, net of their residual values, over their estimated useful lives or, in the case of leasehold improvements and certain leased plant and equipment, the shorter lease term as follows: Servers and network equipment 3 - 5 years Office furniture, equipment and others 3 - 5 years Leasehold improvements Shorter of expected lives of leasehold improvements and lease term
Disclosure of Estimated Useful Lives of Acquired Intangible Assets	Other intangible assets acquired in a business combination are recognized initially at fair value at the acquisition date and subsequently carried at the amount initially recognized less accumulated amortization and impairment loss, if any. Amortization is calculated using the straight-line method to allocate the costs of acquired intangible assets over the following estimated useful lives: Online users 1 year Corporate customer relationship 3 - 4 years Supplier resources 3 - 6 years Non-compete 4 - 5 years Copyrights 3 - 7 years

Financial Risk Management (Tabl

Financial Risk Management (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure Of Contingent Liabilities In Business Combination [Abstract]
Summary Of Contractual Undiscounted Cash Flows
Summary Movements At Fair Value Using Level 3 Measurements	Movement of the financial liabilities at fair value using level 3 measurements, solely represented contingent considerations resulted from business combination is analyzed as below: Year Ended December 31, 2019 2020 At beginning of the period 63 112 Fair value change 49 — Settlement — (112 ) At end of the period 112 —

Other (losses)_gains, net (Tabl

Other (losses)/gains, net (Tables)	12 Months Ended
	Dec. 31, 2020
Other Gains Losses [Abstract]
Summary of Other (losses)/gains, net	Year ended December 31, 2018 2019 2020 RMB’million RMB’million RMB’million Government grants and tax rebates (note) 52 132 245 Impairment provision for investments in associates (Note 16) (2 ) (43 ) (4 ) Net foreign exchange losses (31 ) — — Gain on step-up — — 19 Fair value change of investment (30 ) (37 ) — Gain on disposal of a subsidiary — — 32 Others (18 ) 26 70 (29 ) 78 362 Note: There are no unfulfilled conditions or contingencies related to these subsidies.

Expense by nature (Tables)

Expense by nature (Tables)	12 Months Ended
	Dec. 31, 2020
Default Root [Abstract]
Summary of Expense by Nature	Year ended December 31, 2018 RMB’million 2019 RMB’million 2020 RMB’million Service costs (note i) 10,323 14,967 17,478 Advertising agency fees 204 233 505 Employee benefits expenses (note ii and note iii) 2,077 2,527 3,004 Promotion and advertising expenses 1,511 1,823 2,227 Notes: (i) Service costs mainly comprised licensing costs, revenue sharing fees paid to content creators and content delivery costs primarily relating to server, cloud services and bandwidth costs. (ii) During the years ended December 31, 2018, 2019 and 2020, the Group incurred expenses for the purpose of research and development of approximately RMB937 million, RMB1,159 million and RMB1,667 million, which comprised employee benefits expenses of RMB825 million, RMB1,012 million and RMB1,488 million respectively. No significant development expenses had been capitalized for the years ended December 31, 2018, 2019 and 2020. (iii) Employee benefits expenses Year ended December 31, 2018 2019 2020 RMB’million RMB’million RMB’million Wages, salaries and bonuses 1,228 1,616 2,020 Welfare, medical and other expenses 293 295 373 Share-based compensation expenses 487 519 569 Contribution to pension plans 69 97 42 2,077 2,527 3,004

Finance cost (Tables)

Finance cost (Tables)	12 Months Ended
	Dec. 31, 2020
Finance Cost [Abstract]
Disclosure of Detailed Information OF Finance cost Explanatory Text Block	Year ended December 31, 2018 2019 2020 RMB’million RMB’million RMB’million Interest and related 35 68 99 Exchange gains — (4 ) (2 ) 35 64 97

Taxation (Tables)

Taxation (Tables)	12 Months Ended
	Dec. 31, 2020
Major components of tax expense (income) [abstract]
Summary of Income Tax Expense	The income tax expense of the Group is analyzed as follows: Year ended December 31, 2018 RMB’million 2019 RMB’million 2020 RMB’million Current income tax 255 703 634 Deferred income tax (note b) (84 ) (140 ) (178 ) Total income tax expense 171 563 456
Summary of Reconciliation of Income Tax	The taxation on the Group’s profit before income tax differs from the theoretical amount that would arise using the tax rate of 25% for the years ended December 31, 2018, 2019 and 2020, being the tax rate of the major subsidiaries of the Group before enjoying preferential tax treatments, as follows: Year ended December 31, 2018 RMB’million 2019 RMB’million 2020 RMB’million Profit before income tax expense 2,003 4,540 4,632 Tax calculated at a tax rate of 25% 501 1,135 1,158 Effects of different tax rates applicable to different subsidiaries of the Group 396 (36 ) 34 Effects of tax holiday on assessable profit of certain subsidiaries (530 ) (88 ) (214 ) Effects of tax holiday of a subsidiary recognized for prior year (116 ) — — Effects of preferential tax rate on assessable profit of certain subsidiaries (230 ) (556 ) (631 ) Expense not deductible for tax purposes 156 133 82 Income not subject to tax (2 ) — — Unrecognized deferred income tax assets 37 16 46 Utilization of previously unrecognized tax assets (40 ) (50 ) (11 ) Others (1 ) 9 (8 ) 171 563 456
Summary of Amount and Per Share Effect of Tax Holiday	The aggregate amount and per share effect of the tax holiday are as follows: Year ended December 31, 2018 RMB’million 2019 RMB’million 2020 RMB’million Effects of tax holiday on assessable profit of certain subsidiaries 646 88 214 Per ordinary share effect—basic 0.21 0.03 0.06 Per ordinary share effect—diluted 0.20 0.03 0.06
Summary of Profit Before Tax	The Group’s profit before tax consists of: Year ended December 31, 2018 RMB’million 2019 RMB’million 2020 RMB’million Non-PRC (1,579 ) 470 (4 ) PRC 3,582 4,070 4,636 2,003 4,540 4,632
Summary of Deferred Tax Assets and Deferred Tax Liabilities	As at December 31, 2019 2020 RMB’million RMB’million The deferred tax assets comprise temporary differences attributable to: Prepayment and other investments 61 105 Deferred revenue 46 55 Accruals 74 136 Deemed distribution arising from carve out of Tencent Music Business 13 8 Others 6 4 Total deferred tax assets 200 308 Set-off set-off (8 ) (5 ) Net deferred tax assets 192 303 The deferred tax liabilities comprise temporary differences attributable to: Intangible assets acquired in business combinations 305 270 Total deferred tax liabilities 305 270 Set-off set-off (8 ) (5 ) Net deferred liabilities 297 265
Summary of Recovery of Deferred Income Tax	The recovery of deferred income tax: As at December 31, 2019 2020 RMB’million RMB’million Deferred tax assets: to be recovered after more than 12 months 43 38 to be recovered within 12 months 149 265 192 303 Deferred tax liabilities: to be recovered after more than 12 months 229 203 to be recovered within 12 months 68 62 297 265
Summary of Movements of Deferred Income Tax Assets	The movements of deferred income tax assets were as follows: Prepayment and other investments Deferred revenue Accruals Deemed distribution Others Total RMB’million RMB’million RMB’million RMB’million RMB’million RMB’million At January 1, 2019 39 30 40 19 3 131 Credited/(charged) to income statement 22 16 34 (6 ) 3 69 At December 31, 2019 61 46 74 13 6 200 Credited/(charged) to income statement 44 9 62 (5 ) (2 ) 108 At December 31, 2020 105 55 136 8 4 308
Disclosure of Movement of Deferred Income Tax Liabilities Explanatory	The movements of deferred income tax liabilities were as follows: Intangible assets RMB’million Total RMB’million At January 1, 2019 362 362 Credited to income statement (71 ) (71 ) Business combination 14 14 At December 31, 2019 305 305 Credited to income statement (70 ) (70 ) Business combination 35 35 At December 31, 2020 270 270

Earnings per share (Tables)

Earnings per share (Tables)	12 Months Ended
	Dec. 31, 2020
Earnings per share [abstract]
Summary of Earnings per share	The following table sets forth the computation of basic and diluted earnings per share: Year ended December 31, 2018 2019 2020 RMB’million RMB’million RMB’million Earnings Net income attributable to equity holders of the Company 1,833 3,982 4,155 Number of shares Shares Weighted average ordinary shares outstanding, used in computing basic earnings per share 3,076,314,670 3,272,754,403 3,313,527,847 Dilution effect—adjustments for share options and RSUs 82,906,218 74,817,935 46,932,912 Shares used in computing diluted earnings per share 3,159,220,888 3,347,572,338 3,360,460,759 RMB RMB RMB Basic earnings per share for Class A and Class B ordinary shares 0.60 1.22 1.25 Diluted earnings per share for Class A and Class B ordinary shares 0.58 1.19 1.24 Basic earnings per ADS 1.19 2.43 2.51 Diluted earnings per ADS 1.16 2.38 2.47

Property Plant And Equipment (T

Property Plant And Equipment (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of detailed information about property, plant and equipment [abstract]
Property, plant and equipment	Servers and RMB ’million Leasehold improve -ments RMB ’million Office furniture, equipment and others RMB ’million Total RMB ’million At January 1, 2019 Cost 217 88 30 335 Accumulated depreciation (96 ) (57 ) (14 ) (167 ) Net book amount 121 31 16 168 Year ended December 31, 2019 Opening net book amount 121 31 16 168 Additions 63 13 24 100 Business combination — — 1 1 Disposals — (1 ) (1 ) (2 ) Depreciation charge (60 ) (17 ) (11 ) (88 ) Closing net book amount 124 26 29 179 At December 31, 2019 Cost 264 59 41 364 Accumulated depreciation (140 ) (33 ) (12 ) (185 ) Net book amount 124 26 29 179 Year ended December 31, 2020 Opening net book amount 124 26 29 179 Additions 53 11 33 97 Business combination 1 — 1 2 Disposals (1 ) — — (1 ) Depreciation charge (66 ) (13 ) (22 ) (101 ) Closing net book amount 111 24 41 176 At December 31, 2020 Cost 315 67 70 452 Accumulated depreciation (204 ) (43 ) (29 ) (276 ) Net book amount 111 24 41 176
Summary of depreciation charged to consolidated income statements	During the years ended December 31, 2018, 2019 and 2020, depreciation was charged to the consolidated income statements as follows: Year ended December 31, 2018 2019 2020 RMB’million RMB’million RMB’million Cost of revenues 47 64 74 Selling and marketing expenses 1 1 1 General and administrative expenses 30 23 26 78 88 101

Right-of-Use Assets (Tables)

Right-of-Use Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of quantitative information about right-of-use assets [abstract]
Schedule of Carrying Amounts of Right-of-Use Assets	The carrying amounts of right-of-use Buildings Others Total RMB’million RMB’million RMB’million Net book amount at January 1, 2019 100 — 100 Inception of new leases 89 20 109 Depreciation charge (53 ) (8 ) (61 ) Net book amount at December 31, 2019 136 12 148 Inception of new leases 257 — 257 Depreciation charge (76 ) (10 ) (86 ) Disposal (8 ) — (8 ) Net book amount at December 31, 2020 309 2 311

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of detailed information about intangible assets [abstract]
Summary of Intangible Assets	Domain name, trademark and Internet audio/video program transmission license RMB’million Copyrights RMB’million Supplier resources RMB’million Corporate customer relationships RMB’million Non-compete agreement RMB’million Others RMB’million Total RMB’million At January 1, 2019 Cost 1,340 285 335 238 134 125 2,457 Accumulated amortization (287 ) (13 ) (123 ) (152 ) (71 ) (48 ) (694 ) Net book amount 1,053 272 212 86 63 77 1,763 Year ended December 31, 2019 Opening net book amount 1,053 272 212 86 63 77 1,763 Additions — 225 — — — 12 237 Business combination — 34 — — 22 — 56 Amortization charge (116 ) (157 ) (52 ) (42 ) (33 ) (34 ) (434 ) Closing net book amount 937 374 160 44 52 55 1,622 At December 31, 2019 Cost 1,340 544 335 185 156 136 2,696 Accumulated amortization (403 ) (170 ) (175 ) (141 ) (104 ) (81 ) (1,074 ) Net book amount 937 374 160 44 52 55 1,622 Year ended December 31, 2020 Opening net book amount 937 374 160 44 52 55 1,622 Additions — 876 — — — 13 889 Business combination (Note 27) — 145 — — — 1 146 Amortization charge (116 ) (365 ) (51 ) (40 ) (34 ) (31 ) (637 ) Closing net book amount 821 1,030 109 4 18 38 2,020 At December 31, 2020 Cost 1,340 1,554 335 185 156 160 3,730 Accumulated amortization (519 ) (524 ) (226 ) (181 ) (138 ) (122 ) (1,710 ) Net book amount 821 1,030 109 4 18 38 2,020
Summary of Amortization of Intangible Assets Allocated	During the years ended December 31, 2018, 2019 and 2020, amortization was charged to the consolidated income statements as follows: Year ended December 31, 2018 2019 2020 RMB’million RMB’million RMB’million Cost of revenues 78 239 434 Selling and marketing expenses 62 42 41 General and administrative expenses 151 153 162 291 434 637

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2020
Changes in goodwill [abstract]
Summary of Goodwill	Year ended December 31, 2019 2020 RMB’million RMB’million At January 1 17,088 17,140 Business combination 52 352 At December 31 17,140 17,492

Investments accounted for usi_2

Investments accounted for using equity method (Tables)	12 Months Ended
	Dec. 31, 2020
Investments accounted for using equity method [abstract]
Summary of Investments Accounted for Using Equity Method	As at December 31, 2019 RMB’million 2020 RMB’million Investments in associates 422 2,196 Investments in joint ventures 67 59 489 2,255
Summary of Share of Profits/(Losses) of Investments Accounted for Using Equity Method	Year ended December 31, 2018 RMB’million 2019 RMB’million 2020 RMB’million Share of (loss)/profit of investments accounted for using equity method: Associates 12 (9 ) 23 Joint ventures (13 ) (9 ) (4 ) (1 ) (18 ) 19
Summary of Movement of Investments in Associates and Joint Ventures	Movement of investments in associates and joint ventures is analyzed as follows: Year ended December 31, 2019 2020 RMB’million RMB’million At January 1 236 489 Additions (note i) 333 1,923 Business combination — 4 Share of (loss)/profit (18 ) 19 Share of other comprehensive losses (1 ) (9 ) Disposal (1 ) — Step acquisition accounted for as business combination — (21 ) Impairment provision (note ii) (43 ) (4 ) Currency translation differences 3 (146 ) Dividend received (20 ) — At December 31 489 2,255 Notes: (i) In March 2020, the Group completed the investment of 9.94% equity interest in a consortium, Concerto Partners LLC (“Concerto”), which is led by Tencent to acquire a 10% equity stake in Universal Music Group (“UMG”), for an investment consideration of EUR200 million (equivalent to approximately RMB1,531 million). According to the shareholders agreement of Concerto, the Group is able to participate in certain key decision making process of Concerto and therefore, this investment is accounted for as investment in an associate. (ii) Both external and internal sources of information of associates are considered in assessing whether there is any indication that the investments maybe impaired, including but not limited to financial position, business performance and market capitalization. During the year ended December 31, 2020, the impairment losses mainly resulted from revisions of financial business outlook of the associates and changes in the market environment of the underlying business.

Financial Assets at Fair Value

Financial Assets at Fair Value (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of financial assets [abstract]
Summary of Financial Assets at Fair Value Through Other Comprehensive Income	Movement of financial assets at fair value through other comprehensive income is analyzed as follows: Year ended December 31, 2019 2020 RMB’million RMB’million Listed equity investments At January 1 3,331 4,461 Addition — 708 Fair value change 1,031 5,219 Currency translation differences 99 (617 ) At December 31 4,461 9,771
Summary of Movement of Other Investment	Other investments represent financial assets at fair value through profit or loss. Movement of other investments is analyzed as follows: Year ended December 31, 2019 2020 RMB’million RMB’million At January 1 256 255 Addition 3 132 Disposal (4 ) (1 ) At December 31 255 386 Of which are: Current 38 37 Non-current 217 349 255 386

Prepayments deposits and othe_2

Prepayments deposits and other assets (Tables)	12 Months Ended
	Dec. 31, 2020
Prepayments Deposits And Other Assets [Abstract]
Schedule of Prepayments, deposits and other assets	As at December 31, 2019 2020 RMB’million RMB’million Included in non-current Prepaid contents royalties 816 956 816 956 Included in current assets Prepaid contents royalties 1,600 1,882 Value-added tax recoverable 153 149 Prepaid vendors deposits and other receivables 199 484 Prepaid promotion and other expenses 133 239 Receivable from Tencent (Note 31(b)) 50 39 Others 85 53 2,220 2,846

Accounts receivable (Tables)

Accounts receivable (Tables)	12 Months Ended
	Dec. 31, 2020
Trade And Other Receivables [Abstract]
Summary of Accounts Receivable and Ageing Analysis	As at December 31, 2019 2020 RMB’million RMB’million Accounts receivable 2,209 2,814 Less: loss allowance for expected credit losses (11 ) (14 ) Accounts receivable, net 2,198 2,800 Ageing analysis of the accounts receivable based on invoice date: Up to 3 months 1,913 2,490 3 to 6 months 116 165 Over 6 months 180 159 2,209 2,814
Summary of Loss Allowances for Accounts Receivable	The loss allowances for accounts receivable as at December 31, 2019 and 2020 reconciled to the opening loss allowances as follows: Year ended December 31, 2019 2020 RMB’million RMB’million At January 1 7 11 Provision for loss allowance recognized in income statement 18 8 Receivables written off during the year as uncollectible (14 ) (5 ) At December 31 11 14

Term deposits and cash and ca_2

Term deposits and cash and cash equivalents (Tables)	12 Months Ended
	Dec. 31, 2020
Cash and cash equivalents [abstract]
Schedule of Cash and cash equivalents	As at December 31, 2019 2020 RMB’million RMB’million Cash at bank 8,892 11,108 Term deposits with initial terms within three months 6,534 20 15,426 11,128

Share capital (Tables)

Share capital (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of classes of share capital [abstract]
Schedule of Classes of Share Capital	Number of issued shares* Share capital RMB’million Additional paid-in capital RMB’million Shares held for share award schemes RMB’million Treasury Shares RMB’million Balance January 1, 2018 2,970,573,050 2 23,915 — — Issuance of ordinary shares (note i) 97,381,238 — 2,433 — — Issuance of ordinary shares for acquiring the remaining interest in UEC 23,084,008 — 1,027 — — Issuance of puttable ordinary shares (note ii) 24,757,517 — — — — Issuance of ordinary shares to Music Label Partners ( note iii) 68,131,015 — 2,905 — — Issuance of ordinary shares upon initial public offering ( note iv) 82,059,658 — 3,496 — — Balance December 31, 2018 3,265,986,486 2 33,776 — — Issuance of ordinary shares (note v) 280,512 — 12 — — Employee share award schemes —value of employee service — — 637 — — —Shares held for share award schemes (note vi) — — — (31 ) — —Shares allotted and issued for share award schemes (note vii) 88,798,940 — — — — Balance December 31, 2019 3,355,065,938 2 34,425 (31 ) — Employee share award schemes —value of employee service — — 619 — — —Shares held for share award schemes (note vi) — — — (47 ) — —Shares allotted and issued for share award schemes (note vii) 30,077,800 — — — — Repurchase of ordinary shares ( note viii) — — — — (134 ) Balance December 31, 2020 3,385,143,738 2 35,044 (78 ) (134 ) As at December 31, 2019 and 2020, analysis of the Company’s issued shares is as follows: As at December 31, 2019 As at December 31, 2020 Number of issued shares Share capital RMB’million Number of issued shares Share capital RMB’million Class A ordinary shares 1,325,454,335 — 1,670,004,560 1 Class B ordinary shares 2,029,611,603 2 1,715,139,178 1 3,355,065,938 2 3,385,143,738 2 Notes: (i) From January to March 2018, 97,318,238 ordinary shares of the Company were allotted and issued to certain existing shareholders and new financial investors for an aggregated consideration of US$382 million (equivalents to approximately RMB2,493 million). These shares rank pari passu in all respects with the shares in issue. The excess over the par value was credited to the additional paid-in (ii) Issuance of puttable ordinary shares From January to March 2018, the Company allotted and issued 24,757,517 ordinary shares of the Company to certain investors for an aggregate consideration of US$123 million (equivalents to approximately RMB803 million). The consideration comprised cash proceeds of US$67 million (equivalents to approximately RMB437 million) and business cooperation arrangements, in form of contents cooperation, valued at approximately US$56 million (equivalents to approximately RMB365 million). These shares rank pari passu in all respects with the shares in issue except that there is lock up period of 3 years on these shares and the holders have the right to sell their shares to the Company during the lock up period at a pre-determined The present value of the outflows of cash in relation to the Put Right of approximately US$67 million (equivalents to approximately RMB437 million) is recognized as a liability (Note 25) and subsequently measured at fair value. The residual balance of approximately US$56 million (equivalents to approximately RMB365 million) is accounted for as an equity-settled share-based compensation and recognized in equity. In January 2021, the Put Right was expired and the relevant liability was derecognized and reclassified to equity accordingly. (iii) Share Issuances to Music Label Partners On October 3, 2018, the Company issued a total of 68,131,015 ordinary shares to WMG China LLC (“Warner”), an affiliate of Warner Music Group, and Sony Music Entertainment (“Sony”) for an aggregate cash consideration of approximately US$200 million. Under the share subscription agreements, shares held by Warner and certain shares held by Sony are subject to a lock-up lock-up The Company expects this share issuance will help deepen its strategic cooperation with its major music label partners and better align the interests with them to create long-term value. The excess fair value of the shares issued, taking into account the related terms and conditions, over the consideration received of approximately US$221 million (equivalents to approximately RMB1,519 million) was accounted for as share-based accounting charge expensed immediately upon the share issuances under IFRS 2 “Share-based Payment”. (iv) Dual-class ordinary share structure The Company adopted a dual-class ordinary share structure effective immediately prior to the completion of the IPO. Ordinary shares of the Company are divided into Class A ordinary shares and Class B ordinary shares. Holders of the Class A ordinary shares and Class B ordinary shares will have the same rights except for voting and conversion rights. Each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to 15 votes and is convertible into one Class A ordinary share. Each Class B ordinary share is convertible into one Class A ordinary share at any time by the holder thereof, while Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. Upon any sale, transfer, assignment or disposition of any Class B ordinary shares by a holder thereof to any non-affiliate All the Company’s issued ordinary shares held by the Company’s shareholders other than the then existing shareholders as at December 8, 2017 and its respective affiliates that holding any ordinary shares in the Company immediately prior to the completion of the IPO (“Pre-2018 re-designated Pre-2018 re-designated On December 12, 2018, 41,029,829 ADSs were offered by the Company upon the listing of the ADSs on the New York Stock Exchange (the “Offering”), which represented 82,059,658 Class A ordinary shares of the Company. (v) On February 20, 2019, the Company completed a private placement, where the Company sold to Tencent 280,512 Class A ordinary shares with an aggregate value of US$1.8 million at the offering price per share in our initial public offering for distribution to its eligible shareholders as required by the relevant listing rules of the Hong Kong Stock Exchange. (vi) During the years ended December 31, 2019 and 2020, the Share Scheme Trust withheld 617,634 and 1,046,852 Class A ordinary shares of the Company for an amount of approximately RMB31 million and RMB47 million which had been deducted from the equity (vii) As at December 31, 2019 and 2020, 31,310,524 and 35,763,090 Class A ordinary shares are held in the Share Scheme Trust for the purpose of granting awarded shares to the participants under the Share Award Schemes. (viii) Repurchase of shares In December 2019, the board of directors of the Company authorized a share repurchase program under which the Company may repurchase up to US$400 million of its Class A ordinary shares in the form of ADSs during a twelve-month period commencing on December 15, 2019. During the year ended December 31, 2020, the Company had repurchased 1,936,742 ADSs from the open market, at an aggregate consideration of approximately US$19 million in cash under this share repurchase program. The Company accounts for the repurchased ordinary shares as treasury stock under the cost method, and records it as a component of the shareholders’ equity.

Other Reserves (Tables)

Other Reserves (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of reserves within equity [abstract]
Schedule of Other Reserve	Share-based compensation reserve RMB’million Contribution PRC statutory reserve RMB’million Foreign currency translation reserve RMB’million Fair value reserve RMB’million Others RMB’million Total other reserves RMB’million At January 1, 2018 576 463 59 (101 ) — — 997 Currency translation differences — — — 552 — — 552 Fair value changes on financial assets at fair value through other comprehensive income — — — — (675 ) — (675 ) Acquisition of remaining interests in associates — — — — — (831 ) (831 ) Share based compensation 840 — — — — — 840 Profit appropriations to PRC statutory reserves — — 20 — — — 20 At December 31, 2018 1,416 463 79 451 (675 ) (831 ) 903 Currency translation differences — — — 261 — — 261 Fair value changes on financial assets at fair value through other comprehensive income — — — — 1,031 — 1,031 Share of other comprehensive losses of an associate — — — — — (1 ) (1 ) Share based compensation 519 — — — — — 519 Exercise of share options/RSU (465 ) — — — — — (465 ) Additional investments in non- wholly owned subsidiaries — — — — — (76 ) (76 ) Profit appropriations to PRC statutory reserves — — 15 — — — 15 At December 31, 2019 1,470 463 94 712 356 (908 ) 2,187 Currency translation differences — — — (1,286 ) — — (1,286 ) Fair value changes on financial assets at fair value through other comprehensive income — — — — 5,219 — 5,219 Share of other comprehensive losses of an associate — — — — — (9 ) (9 ) Share based compensation 569 — — — — — 569 Exercise of share options/RSU (429 ) — — — — — (429 ) Additional investments in non-wholly owned subsidiaries — — — — — (2 ) (2 ) Profit appropriations to PRC statutory reserves — — 51 — — — 51 At December 31, 2020 1,610 463 145 (574 ) 5,575 (919 ) 6,300

Share Based Compensation (Table

Share Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2020
2014 Share Incentive Plan
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Schedule of Number, Weighted Average Exercise Prices and Weighted Average Grant Date Fair Value of Share Options	The option holders may elect at any time to exercise any part or all of the vested options before the expiry date. Number of Weighted- average exercise price Weighted- average grant date fair value Outstanding as at January 1, 2018 53,498,273 0.21 2.09 Anti-dilution adjustments 4,731,938 — — Forfeited (1,494,002 ) 0.24 2.05 Outstanding as at December 31, 2018 56,736,209 0.19 1.94 Vested and expected to vest as at December 31, 2018 55,921,341 0.19 1.94 Exercisable as at December 31, 2018 50,155,161 0.18 1.94 Non vested as at December 31, 2018 6,581,048 0.25 1.91 Outstanding as at January 1, 2019 56,736,209 0.19 1.94 Exercised (42,091,694 ) 0.18 1.97 Forfeited (747,211 ) 0.20 2.04 Outstanding as at December 31, 2019 13,897,304 0.23 1.92 Vested and expected to vest as at December 31, 2019 13,670,469 0.23 1.92 Exercisable as at December 31, 2019 12,007,012 0.23 1.91 Non vested as at December 31, 2019 1,890,292 0.24 1.92 Outstanding as at January 1, 2020 13,897,304 0.23 1.92 Exercised (7,866,422 ) 0.23 1.91 Forfeited (46,982 ) 0.27 1.91 Outstanding as at December 31, 2020 5,983,900 0.23 1.93 Vested and expected to vest as at December 31, 2020 5,983,900 0.23 1.93 Exercisable as at December 31, 2020 5,983,900 0.23 1.93 Non vested as at December 31, 2020 — — —
Schedule of Share Options Outstanding	Share options outstanding at the end of the year have the following expiry date and exercise prices: Grant Date Expiry date Exercise price Share options December 31, 2019 Share options December 31, 2020 March 1, 2015 February 28, 2025 US$ 0.000076 339,001 278,801 March 1, 2015 February 28, 2025 US$ 0.27 394,470 50,000 March 1, 2015 February 28, 2025 US$ 0.000076 1,407,820 460,220 March 1, 2015 February 28, 2025 US$ 0.27 1,409,162 417,410 March 30, 2015 March 29, 2025 US$ 0.27 1,953,472 700,882 July 1, 2015 June 30, 2025 US$ 0.27 — — October 1, 2015 September 30, 2025 US$ 0.27 245,826 125,100 December 31, 2015 December 30, 2025 US$ 0.27 1,529,224 599,658 December 31, 2015 December 30, 2025 US$ 0.000076 90,302 — March 1, 2016 February 28, 2026 US$ 0.27 255,377 107,889 March 31, 2016 March 30, 2026 US$ 0.27 156,498 98,938 June 1, 2016 May 30, 2026 US$ 0.27 — — June 30, 2016 June 29, 2026 US$ 0.000076 163,272 81,638 June 30, 2016 June 29, 2026 US$ 0.27 5,952,880 3,063,364 Total 13,897,304 5,983,900 Weighted average remaining contractual life of options outstanding at end of period: 5.87 5.01
2017 Restricted Share Scheme and 2017 Option Plan
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Summary of Assumptions Used to Determine Fair value of Share Options	Assumptions used in the Binomial option-pricing model are presented below: Granted in 2018 2019 2020 Risk free interest rate 2.97%-3.21% 2.08% 0.71%-0.91% Expected dividend yield 0% 0% 0% Expected volatility 50%-60% 40% 40%-42.5% Exercise multiples 2.8 2.2-2.8 2.2-2.8 Contractual life 10 years 10 years 10 years
Schedule of Number, Weighted Average Exercise Prices and Weighted Average Grant Date Fair Value of Share Options	Number of Weighted- average exercise price Weighted- average grant date fair value Non vested as at December 31, 2017 26,961,386 1.89 2.17 Outstanding as at January 1, 2018 26,961,386 1.89 2.17 Anti-dilution adjustments 2,384,714 — — Granted 7,777,224 6.76 3.27 Forfeited (1,037,021 ) 1.35 1.85 Outstanding as at December 31, 2018 36,086,303 2.75 2.24 Vested and expected to vest as at December 31, 2018 28,604,121 2.58 2.38 Exercisable as at December 31, 2018 7,252,971 1.76 1.75 Non vested as at December 31, 2018 28,833,332 3.00 2.47 Outstanding as at January 1, 2019 36,086,303 2.75 2.24 Granted 1,993,780 7.05 3.00 Exercised (9,696,202 ) 1.78 1.95 Forfeited (1,743,373 ) 2.67 2.33 Outstanding as at December 31, 2019 26,640,508 3.43 2.39 Vested and expected to vest as at December 31, 2019 25,329,481 3.44 2.38 Exercisable as at December 31, 2019 6,065,968 2.45 2.04 Non vested as at December 31, 2019 20,574,540 3.71 2.50 Outstanding as at January 1, 2020 26,640,508 3.43 2.39 Granted 4,992,390 6.44 2.70 Exercised (10,026,018 ) 2.64 1.92 Forfeited (455,694 ) 6.27 3.01 Outstanding as at December 31, 2020 21,151,186 4.45 2.68 Vested and expected to vest as at December 31, 2020 20,097,190 4.44 2.68 Exercisable as at December 31, 2020 4,762,058 3.05 2.74 Non vested as at December 31, 2020 16,389,128 4.86 2.66
Schedule of Share Options Outstanding	Share options outstanding at the end of the year have the following expiry date and exercise prices: Share options as at December 31, Grant Date Expiry date Exercise price 2019 2020 June 16, 2017 June 15, 2027 US$ 2.32 7,889,968 2,738,756 August 31, 2017 August 30, 2027 US$ 0.27 4,513,508 2,748,802 December 20, 2017 December 19, 2027 US$ 2.32 5,551,752 3,973,756 April 16, 2018 April 15, 2028 US$ 4.04 975,000 650,000 October 17, 2018 October 16, 2028 US$ 7.14 5,716,500 4,667,500 June 14, 2019 June 13, 2029 US$ 7.05 1,993,780 1,637,002 June 12, 2020 June 12, 2030 US$ 6.20 — 4,285,570 August 15, 2020 August 15, 2030 US$ 7.56 — 208,790 October 15, 2020 October 15, 2030 US$ 7.17 — 71,930 December 15, 2020 December 15, 2030 US$ 9.53 — 169,080 Total 26,640,508 21,151,186 Weighted average remaining contractual life of options outstanding at end of year: 8.07 7.74
Schedule of Movements in Number of RSUs and Awarded Shares	Movements in the number of RSUs for the years ended December 31, 2018, 2019 and 2020 are as follows: Number of awarded shares Year ended December 31, 2018 2019 2020 Outstanding as at January 1 8,141,664 13,724,100 26,659,516 Anti-dilution adjustments 719,968 — — Granted 5,335,010 19,567,514 24,156,236 Vested — (5,700,520 ) (7,732,794 ) Forfeited (472,542 ) (931,578 ) (2,071,596 ) Outstanding as at December 31 13,724,100 26,659,516 41,011,362 Expected to vest as at December 31 10,318,030 24,377,060 37,672,420
Share-based Compensation Plans | Tencent Holdings Limited
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Schedule of Number, Weighted Average Exercise Prices and Weighted Average Grant Date Fair Value of Share Options	Movements in the number of share options of Tencent relevant to the Group outstanding is as follows: Number of Average Weighted- Outstanding as at January 1, 2018 85,335 208.93 64.43 Exercised (10,235 ) 150.16 47.30 Outstanding as at December 31, 2018 75,100 216.94 66.76 Vested and expected to vest as at December 31, 2018 63,462 214.53 66.11 Exercisable as at December 31, 2018 24,212 207.49 64.21 Non vested as at December 31, 2018 50,888 221.43 67.97 Outstanding as at January 1, 2019 75,100 216.94 66.76 Exercised (10,000 ) 174.86 55.42 Outstanding as at December 31, 2019 65,100 223.40 68.50 Vested and expected to vest as at December 31, 2019 63,626 223.28 68.47 Exercisable as at December 31, 2019 35,605 219.24 67.38 Non vested as at December 31, 2019 29,495 228.43 69.86 Outstanding as at January 1, 2020 65,100 223.40 68.50 Exercised (18,060 ) 215.84 66.46 Outstanding as at December 31, 2020 47,040 226.30 69.29 Vested and expected to vest as at December 31, 2020 46,635 225.90 69.18 Exercisable as at December 31, 2020 38,937 216.72 66.70 Non vested as at December 31, 2020 8,103 272.36 81.70
Schedule of Share Options Outstanding	The fair values of employee stock options were valued using the Binomial option-pricing model. Share options outstanding at the end of the year have the following expiry date and exercise prices: Share options as at December 31, Grant Date Expiry date Exercise price 2019 2020 July 6, 2016 July 5, 2023 HK$ 174.86 32,690 22,220 July 10, 2017 July 9, 2024 HK$ 272.36 32,410 24,820 Total 65,100 47,040
Schedule of Movements in Number of RSUs and Awarded Shares	Movements in the number of awarded shares for the years ended December 31, 2018, 2019 and 2020 are as follows: Number of awarded shares Year ended December 31, 2018 2019 2020 Outstanding as at January 1 430,418 187,948 54,575 Forfeited (4,718 ) (9,037 ) (6,497 ) Vested and transferred (237,752 ) (124,336 ) (45,763 ) Outstanding as at December 31 187,948 54,575 2,315 Expected to vest as at December 31 166,321 48,977 2,199

Notes payable (Tables)

Notes payable (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of detailed information about borrowings [abstract]
Summary of Note Payable	As at December 31, 2019 RMB’million 2020 RMB’million Included in non-current Notes payable — 5,175 — 5,175
Summary of unsecured senior notes	In September, the Company issued two tranches of senior unsecured notes with an aggregate principal amount of US$800 million as set out below. Principal Carrying (RMB’million) Interest Rate Due 2025 Notes 300 1,945 1.375 % 2025 2030 Notes 500 3,230 2.000 % 2030 800 5,175

Other Payables and Other Liab_2

Other Payables and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Other Payables And Other Liabilities [Abstract]
Schedule of Other Payables and Other Liabilities	As at December 31, 2019 RMB’million 2020 RMB’million Included in non-current Government grants 2 2 Deferred income 66 66 68 68 Included in current liabilities Dividend payable 12 12 Accrued expenses (note ii) 2,105 2,717 Advances from customers 83 68 Investment payables 611 74 Other tax liabilities 140 137 Present value of liability of puttable shares (Note 21(ii)) 539 539 Deferred income 23 34 Other deposits 77 94 Others 80 206 Contingent consideration, measured at fair valu 112 — 3,782 3,881 Notes: (i) In October 2018, the Company acquired the entire equity interest of a music contents production company at a cash consideration comprising of a fixed amount and a variable amount, settlement in certain tranches. The variable amount is determined based on certain operating performance indicators of the acquiree and up to RMB400 million. As at December 31, 2019, contingent consideration in relation to the arrangement was recognized at fair value as determined by management taking into account the estimation of the performance indicators. The contingent consideration was fully settled during the year ended December 31, 2020. (ii) Accrued expenses mainly comprise of payroll and welfare, advertising and marketing, short-term lease rental and other operating expenses.

Deferred revenue (Tables)

Deferred revenue (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure Of Deferred Revenue [Abstract]
Schedule of Contract Liabilities	As at December 31, 2019 RMB’million 2020 RMB’million Non-current 67 78 Current 1,694 1,608 1,761 1,686

Business Combination (Tables)

Business Combination (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of detailed information about business combination [abstract]
Summary of Amount of Identified Assets Acquired and Liabilities Assumed	The following table summarizes the amount of identified assets acquired and liabilities assumed at the acquisition date. RMB’million Aggregate Consideration 241 Fair value of existing interest as an associate of the Group 40 Fair value of non-controlling 266 547 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and cash equivalents 40 Accounts and other receivables 90 Intangible assets 146 Prepayments, deposits and other assets 104 Deferred revenue (46 ) Other payables and accruals (73 ) Account payable (21 ) Deferred tax liabilities (35 ) Goodwill 342 547

Cash flow information (Tables)

Cash flow information (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure Of Cash Flow Information [Abstract]
Summary of Cash Generated from Operations	Cash generated from operations 2018 2019 2020 RMB’million RMB’million RMB’million Profit before income tax 2,003 4,540 4,632 Adjustments for: Depreciation and amortization 369 583 824 Impairment provision for investments in associates (Note 16) 2 43 4 Loss allowance for expected credit losses (Note 19) 3 18 8 Non-cash 487 519 569 Non-cash share-based payments arising from issues of ordinary shares to music label partners (Note 21(iii)) 1,519 — — Fair value losses on investments 30 37 — Net losses/(gains) in relation to equity investments 20 (1 ) (32 ) Gain of step-up acquisition arising from business combination (Note 27) — — (19 ) Share of loss/(profit) of associates and joint ventures (Note 16) 1 18 (19 ) Interest income (Note 6) (282 ) (615 ) (622 ) Fair value change on puttable shares 35 37 37 Interest expense — 31 62 Net exchange differences 31 (4 ) (2 ) Increase in accounts receivable (182 ) (733 ) (520 ) (Increase)/decrease in inventories (4 ) 9 8 Increase in other operating assets (789 ) (175 ) (887 ) Increase in accounts payable 780 717 644 Increase in other operating liabilities 1,581 1,164 258 Cash generated from operations 5,604 6,188 4,945
Summary of Non-cash Investing and Financing Activities	Non-cash 2018 RMB’million 2019 RMB’million 2020 RMB’million Issuance of ordinary shares to music label partners 1,519 — — Issuance of ordinary shares for equity investments 1,027 — — Equity interests in certain subsidiaries as consideration for business combination (Note 27) — — 101

Financial instruments by cate_2

Financial instruments by category (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of detailed information about financial instruments [abstract]
Summary of Financial Instruments by Category	The Group holds the following financial instruments: Financial assets Financial assets at amortized RMB’million Financial assets at fair value through profit and loss RMB’million Financial assets at fair value through other comprehensive income RMB’million Total RMB’million As at December 31, 2019 Accounts receivable (Note 19) 2,198 — — 2,198 Other receivables (Note 18) 213 — — 213 Term deposits (Note 20(a)) 7,500 — — 7,500 Short-term investments — 6 — 6 Cash and cash equivalents (Note 20(b)) 15,426 — — 15,426 Other investments (Note 17(b)) — 255 — 255 Financial assets at fair value through other comprehensive income (Note 17(a)) — — 4,461 4,461 25,337 261 4,461 30,059 As at December 31, 2020 Accounts receivable (Note 19) 2,800 — — 2,800 Other receivables (Note 18) 411 — — 411 Term deposits (Note 20(a)) 17,811 — — 17,811 Cash and cash equivalents (Note 20(b)) 11,128 — — 11,128 Other investments (Note 17(b)) — 386 — 386 Financial assets at fair value through other comprehensive income (Note 17(a)) — — 9,771 9,771 32,150 386 9,771 42,307 Financial liabilities Liabilities at amortized cost RMB’million As at December 31, 2019 Accounts payable 2,559 Other payables and other liabilities (note) 2,261 Lease liabilities 147 4,967 As at December 31, 2020 Notes payable (Note 24) 5,175 Accounts payable 3,701 Other payables and other liabilities (note) 2,136 Lease liabilities 321 11,333

Commitments (Tables)

Commitments (Tables)	12 Months Ended
	Dec. 31, 2020
Capital Commitments [Abstract]
Summary of Future Minimum Commitments for Non Cancellable Operating Commitments	The following table summarizes future minimum commitments of the Group under non-cancelable 2019 2020 RMB’million RMB’million Within one year 233 462 Later than one year but not later than five years 2 23 235 485
Summary of Minimum Royalty Payments Under Licensing Agreement	The Group is subject to the following minimum royalty payments associated with its license agreements: 2019 2020 RMB’million RMB’million Within one year 4,513 3,356 Later than one year but not later than five years 2,704 1,271 7,217 4,627

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of transactions between related parties [abstract]
Summary of the Major Related Parties and their Relationships	The table below sets forth the major related parties and their relationships with the Group as at December 31, 2020: Name of related parties Relationship with the Group Tencent and its subsidiaries other than the entities controlled by the Group (“Tencent Group”) The Company’s principal owner China Literature Limited (“China Literature”) Tencent’s subsidiary
Disclosure of Transactions Between Related Parties	For the years ended December 31, 2018, 2019 and 2020, significant related party transactions were as follows: 2018 2019 2020 RMB’million RMB’million RMB’million Revenue Online music services to Tencent Group (note (i)) 51 355 277 Online music services to the Company’s associates and associates of Tencent Group 18 40 206 Social entertainment services and others to Tencent Group, the Company’s associates and associates of Tencent Group 63 21 213 Expenses Operation expenses recharged by Tencent Group 589 752 1,082 Advertising agency cost to Tencent Group 207 231 440 Content royalties to Tencent Group, the Company’s associates and associates of Tencent Group (note (ii)) 88 132 306 Other costs to the Company’s associates and associates of Tencent Group 14 25 48 Notes: (i) Including revenue from content sublicensing, online advertising and subscriptions provided to Tencent Group pursuant to the Business Cooperation Agreement. (ii) In March 2020 the Group signed a five-year strategic partnership with China Literature, a subsidiary of Tencent. Through this partnership arrangement, the Group was granted a global license to produce derivative content in the form of audiobooks of online literary works for which China Literature has the rights to or the license to adapt, and the rights to sublicense, as well as the ability to distribute existing audiobooks in China Literature’s portfolio.
Summary of Balance with Related Parties	Balances with related parties As at December 31, 2019 2020 RMB’million RMB’million Included in accounts receivable from related parties: Tencent Group (note) 1,653 1,993 The Company’s associates and associates of Tencent Group 49 48 Included in prepayments, deposits and other assets from related parties: Tencent Group 50 39 The Company’s associates and associates of Tencent Group 23 64 Included in accounts payable to related parties: Tencent Group 215 763 The Company’s associates and associates of Tencent Group 15 37 Included in other payables and accruals to related parties: Tencent Group 382 237 The Company’s associates and associates of Tencent Group 19 46
Disclosure of Information About Key Management Personnel	2018 2019 2020 RMB’million RMB’million RMB’million Short-term employee benefits 64 65 62 Share-based compensation 223 233 205 287 298 267

General Information, Organiza_3

General Information, Organization and Basis of Preparation - Summary of Significant Subsidiaries, VIEs, and Subsidiaries of VIEs (Details)	12 Months Ended
	Dec. 31, 2020
Tencent Music Entertainment Hong Kong Limited
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Name of subsidiary	Tencent Music Entertainment Hong Kong Limited (“TME Hong Kong”) (formerly known as “Ocean Music Hong Kong Limited”)
Place of incorporation	Hong Kong
Date of Incorporation or acquisition	July 2016*
Equity Interest Held (direct or indirect)	100.00%
Principal activities	Investment holding and music content distribution
Tencent Music Entertainment Beijing Co Ltd
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Name of subsidiary	Tencent Music (Beijing Co., Ltd. (“Beijing Tencent Music”) (formerly known as “Ocean Interactive (Beijing) Information Technology Co., Ltd.”)
Place of incorporation	PRC
Date of Incorporation or acquisition	July 2016*
Equity Interest Held (direct or indirect)	100.00%
Principal activities	Technical support and consulting services
Yeelion Online Network Technology Beijing Co Ltd
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Name of subsidiary	Yeelion Online Network Technology (Beijing) Co., Ltd. (“Yeelion Online”)
Place of incorporation	PRC
Date of Incorporation or acquisition	July 2016*
Equity Interest Held (direct or indirect)	100.00%
Principal activities	Technical support and consulting services
Tencent Music Entertainment Technology Shenzhen Co Ltd
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Name of subsidiary	Tencent Music Entertainment Technology (Shenzhen) Co., Ltd. (‘‘TME Tech Shenzhen”)
Place of incorporation	PRC
Date of Incorporation or acquisition	February 2017
Equity Interest Held (direct or indirect)	100.00%
Principal activities	Online music and entertainment related services
Tencent Music Entertainment Shenzhen Co Ltd
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Name of subsidiary	Tencent Music Entertainment (Shenzhen) Co., Ltd. (“TME Shenzhen”)
Place of incorporation	PRC
Date of Incorporation or acquisition	July 2016*
Equity Interest Held (direct or indirect)	100.00%
Principal activities	Online music and entertainment related services
Guangzhou Kugou Computer Technology Co Ltd
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Name of subsidiary	Guangzhou Kugou Computer Technology Co., Ltd. (“Guangzhou Kugou”)
Place of incorporation	PRC
Date of Incorporation or acquisition	July 2016*
Equity Interest Held (direct or indirect)	100.00%
Principal activities	Online music and entertainment related services
Beijing Kuwo Technology Co Ltd
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Name of subsidiary	Beijing Kuwo Technology Co., Ltd. (“Beijing Kuwo”)
Place of incorporation	PRC
Date of Incorporation or acquisition	July 2016*
Equity Interest Held (direct or indirect)	100.00%
Principal activities	Online music and entertainment related services
Xizang Qiming Music Co Ltd
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Name of subsidiary	Xizang Qiming Music Co., Ltd. (“Xizang Qiming”)
Place of incorporation	PRC
Date of Incorporation or acquisition	February 2018
Equity Interest Held (direct or indirect)	100.00%
Principal activities	Music content investments

General Information, Organiza_4

General Information, Organization and Basis of Preparation - Additional Information (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2020	Dec. 31, 2019
VIEs
General Information Organization And Basis Of Preparation [Line Items]
Capital reserve and statutory reserves	¥ 4,185	¥ 4,206

General Information, Organiza_5

General Information, Organization and Basis of Preparation - Summary of Condensed Separate Financial Statements (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statements [Line Items]
Total current assets	¥ 31,687	¥ 26,914
Total non-current assets	36,586	25,764
Total assets	68,273	52,678
Total current liabilities	(9,602)	(8,490)
Total non-current liabilities	(5,940)	(510)
Total liabilities	(15,542)	(9,000)
Total revenues	29,153	25,434	¥ 18,985
Profit for the year	4,176	3,977	1,832
Net cash (outflow)/inflow from operating activities	4,885	6,200	5,632
Net cash outflow from investing activities	(14,206)	(8,102)	(1,190)
Net cash outflow from financing activities	5,292	(31)	7,741
Cash and cash equivalents at beginning of the year	15,426	17,356	5,174
Cash and cash equivalents at end of the year	11,128	15,426	17,356
V I Es And Subsidiaries Of V I Es
Statements [Line Items]
Total current assets	10,700	9,303
Total non-current assets	7,394	5,824
Total assets	18,094	15,127
Total current liabilities	(6,986)	(6,446)
Total non-current liabilities	(393)	(425)
Total liabilities	(7,379)	(6,871)
Total revenues	29,094	25,379	18,966
Profit for the year	1,625	1,323	1,333
Net cash (outflow)/inflow from operating activities	1,222	(101)	(334)
Net cash outflow from investing activities	(1,099)	(185)	(1,244)
Net cash outflow from financing activities	(53)	(115)
Net (decrease)/increase in cash and cash equivalents	70	(401)	(1,578)
Cash and cash equivalents at beginning of the year	1,327	1,728	3,306
Cash and cash equivalents at end of the year	¥ 1,397	¥ 1,327	¥ 1,728

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details)	12 Months Ended
	Dec. 31, 2020CNY (¥)
Disclosure Of Significant Accounting Policies [Line Items]
Useful lives of other intangible assets	more than 12 years
Employee benefits obligation	¥ 0
Performance obligation expected duration	The Group does not disclose the information about the remaining performance obligations as the performance obligations of the Group have an expected duration of one year or less.
Useful life of buildings	less than six years
Useful life of other assets	less than two years
Bottom of range
Disclosure Of Significant Accounting Policies [Line Items]
Percentage of voting rights	20.00%
Bottom of range | Internal Developed Contents and Copyrights
Disclosure Of Significant Accounting Policies [Line Items]
Amortized period	1 year
Top of range
Disclosure Of Significant Accounting Policies [Line Items]
Percentage of voting rights	50.00%
Top of range | Internal Developed Contents and Copyrights
Disclosure Of Significant Accounting Policies [Line Items]
Amortized period	5 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Summary of Estimated Useful Lives of Property, Plant and Equipment (Detail)	12 Months Ended
	Dec. 31, 2020
Leasehold improvements [member]
Disclosure Of Significant Accounting Policies [Line Items]
Leasehold improvements	Shorter of expected lives of leasehold improvements and lease term
Bottom of range | Communication and network equipment [member]
Disclosure Of Significant Accounting Policies [Line Items]
Servers and network equipment	3 years
Bottom of range | Office equipment [member]
Disclosure Of Significant Accounting Policies [Line Items]
Servers and network equipment	3 years
Top of range | Communication and network equipment [member]
Disclosure Of Significant Accounting Policies [Line Items]
Servers and network equipment	5 years
Top of range | Office equipment [member]
Disclosure Of Significant Accounting Policies [Line Items]
Servers and network equipment	5 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Summary of Estimated Useful Lives of Acquired Intangible Assets (Detail)	12 Months Ended
	Dec. 31, 2020
Online Users
Disclosure Of Significant Accounting Policies [Line Items]
Estimated useful lives of acquired intangible assets	1 year
Customer-related intangible assets | Bottom of range
Disclosure Of Significant Accounting Policies [Line Items]
Estimated useful lives of acquired intangible assets	3 years
Customer-related intangible assets | Top of range
Disclosure Of Significant Accounting Policies [Line Items]
Estimated useful lives of acquired intangible assets	4 years
Supplier Resources | Bottom of range
Disclosure Of Significant Accounting Policies [Line Items]
Estimated useful lives of acquired intangible assets	3 years
Supplier Resources | Top of range
Disclosure Of Significant Accounting Policies [Line Items]
Estimated useful lives of acquired intangible assets	6 years
Non Compete Agreement | Bottom of range
Disclosure Of Significant Accounting Policies [Line Items]
Estimated useful lives of acquired intangible assets	4 years
Non Compete Agreement | Top of range
Disclosure Of Significant Accounting Policies [Line Items]
Estimated useful lives of acquired intangible assets	5 years
Copyrights | Bottom of range
Disclosure Of Significant Accounting Policies [Line Items]
Estimated useful lives of acquired intangible assets	3 years
Copyrights | Top of range
Disclosure Of Significant Accounting Policies [Line Items]
Estimated useful lives of acquired intangible assets	7 years

Financial Risk Management - Add

Financial Risk Management - Additional Information (Details) ¥ in Millions	12 Months Ended
	Dec. 31, 2020CNY (¥)Customer	Dec. 31, 2019CNY (¥)
Financial Risk Management [Line Items]
Borrowings	¥ 5,175
Number of customers accounted for gross accounts receivable | Customer	5
Gross accounts receivable comprise of top customers	15.00%
Customers represented percentage of revenue	10.00%
Number of customers accounted for revenue | Customer	0
Recurring Fair Value Measurement
Financial Risk Management [Line Items]
Transfer between Level 1 and 2, assets	¥ 0	¥ 0
Transfer between Level 2 and 1, assets	0	0
Other Payables and Other Liabilities | Level 3 Fair Value Hierarchy
Financial Risk Management [Line Items]
Contingent consideration	¥ 0	112
Foreign Exchange Risk
Financial Risk Management [Line Items]
Effect Of Changes In Currency Rate	5.00%
Post-tax profit	¥ 35	28
Equity Price Risk
Financial Risk Management [Line Items]
Effect Of Changes In Currency Rate	5.00%
Post-tax profit	¥ 19	11
Impact in other comprehensive income	¥ 489	223
Customer One
Financial Risk Management [Line Items]
Gross accounts receivable comprise of top customers	6.00%
Customer Two
Financial Risk Management [Line Items]
Gross accounts receivable comprise of top customers	3.00%
Customer Three
Financial Risk Management [Line Items]
Gross accounts receivable comprise of top customers	2.00%
Customer Four
Financial Risk Management [Line Items]
Gross accounts receivable comprise of top customers	2.00%
Customer Five
Financial Risk Management [Line Items]
Gross accounts receivable comprise of top customers	2.00%
Lease Liabilities Payable | Liquidity Risk | Less than 1 year
Financial Risk Management [Line Items]
contractual undiscounted cash flows	¥ 116	78
Lease Liabilities Payable | Liquidity Risk | Between 2 and 5 years
Financial Risk Management [Line Items]
contractual undiscounted cash flows	248	¥ 82
Accounts Payable | Liquidity Risk | Less than 1 year
Financial Risk Management [Line Items]
contractual undiscounted cash flows	3,567
Accounts Payable | Liquidity Risk | Between 2 and 5 years
Financial Risk Management [Line Items]
contractual undiscounted cash flows	150
Senior Unsecured Notes | Less than 1 year
Financial Risk Management [Line Items]
Borrowings	92
Senior Unsecured Notes | Between 2 and 5 years
Financial Risk Management [Line Items]
Borrowings	2,326
Senior Unsecured Notes | Over 5 years
Financial Risk Management [Line Items]
Borrowings	¥ 3,589

Financial Risk Management - Sum

Financial Risk Management - Summary of Movements in Contingent Consideration Resulted from Business Combination Movements at Fair Value Using Level 3 Measurements (Detail) - Level 3 of fair value hierarchy [member] - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of contingent liabilities in business combination [line items]
At beginning of the period	¥ 112	¥ 63
Fair value change		49
Settlement	(112)
At end of the period	¥ 0	¥ 112

Revenue - Additional Informatio

Revenue - Additional Information (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Amount of revenue arising from the sale of music subscription packages	¥ 5,560	¥ 3,563	¥ 2,499

Other (losses)_gains, net - Sum

Other (losses)/gains, net - Summary of Other (losses)/gains, net (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Other Gains Losses [Abstract]
Government grants and tax rebates (note)	¥ 245	¥ 132	¥ 52
Impairment provision for investments in associates (Note 16)	(4)	(43)	(2)
Net foreign exchange losses			(31)
Gain on step-up acquisition arising from business combination	19
Fair value change of investment		(37)	(30)
Gain on disposal of a subsidiary	32
Others	70	26	(18)
Other gains (losses)	¥ 362	¥ 78	¥ (29)

Expense by nature - Summary of

Expense by nature - Summary of Expense By Nature (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure Expense By Nature [Abstract]
Service costs (note i)	¥ 17,478	¥ 14,967	¥ 10,323
Advertising agency fees	505	233	204
Employee benefits expenses (note ii and note iii)	3,004	2,527	2,077
Promotion and advertising expenses	¥ 2,227	¥ 1,823	¥ 1,511

Expense by nature - Summary o_2

Expense by nature - Summary of Expense By Nature (Parenthetical) (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure Expense By Nature [Abstract]
Research and development expense	¥ 1,667	¥ 1,159	¥ 937
Short-term employee benefits expense	¥ 1,488	¥ 1,012	¥ 825

Expense by Nature - Summary o_3

Expense by Nature - Summary of Employee Benefits Expenses (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure Expense By Nature [Abstract]
Wages, salaries and bonuses	¥ 2,020	¥ 1,616	¥ 1,228
Welfare, medical and other expenses	373	295	293
Share-based compensation expenses	569	519	487
Contribution to pension plans	42	97	69
Employee benefits expense	¥ 3,004	¥ 2,527	¥ 2,077

Finance cost (Details)

Finance cost (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Finance Cost [Abstract]
Interest and related expenses	¥ 99	¥ 68	¥ 35
Exchange gains	(2)	(4)
Finance costs	¥ 97	¥ 64	¥ 35

Taxation - Additional Informati

Taxation - Additional Information (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Taxes [Line Items]
Applicable tax rate	25.00%	25.00%	25.00%
Preferential Income Tax Rate	15.00%
Unrecognized deferred tax assets	¥ 96	¥ 42
Cumulative tax losses	¥ 664	¥ 436
Bottom of range
Income Taxes [Line Items]
Reduced tax rate	5.00%
Cumulative tax losses expiration period	2021
Top of range
Income Taxes [Line Items]
Reduced tax rate	10.00%
Cumulative tax losses expiration period	2025
Guangzhou Kugou Computer Technology Co Ltd
Income Taxes [Line Items]
Preferential Income Tax Rate	15.00%	15.00%	15.00%
Beijing Kuwo
Income Taxes [Line Items]
Preferential Income Tax Rate	15.00%	15.00%	15.00%
Guangzhou Fanxing Entertainment Information Technology
Income Taxes [Line Items]
Preferential Income Tax Rate	15.00%	15.00%
Yeelion Online Network Technology Beijing Co Ltd
Income Taxes [Line Items]
Reduced tax rate	12.50%
PRC [Member]
Income Taxes [Line Items]
Preferential Income Tax Rate	10.00%
PRC [Member] | TME Tech Shenzhen And Yeelion Online Beijing [Member]
Income Taxes [Line Items]
Preferential Income Tax Rate		10.00%
Hong Kong
Income Taxes [Line Items]
Applicable tax rate	16.50%

Taxation - Summary of Income Ta

Taxation - Summary of Income Tax Expenses (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Major components of tax expense (income) [abstract]
Current income tax	¥ 634	¥ 703	¥ 255
Deferred income tax (note b)	(178)	(140)	(84)
Total income tax expense	¥ 456	¥ 563	¥ 171

Taxation - Summary of Reconcili

Taxation - Summary of Reconciliation of Income Tax (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Taxation [Abstract]
Profit before income tax expense	¥ 4,632	¥ 4,540	¥ 2,003
Tax calculated at a tax rate of 25%	1,158	1,135	501
Effects of different tax rates applicable to different subsidiaries of the Group	34	(36)	396
Effects of tax holiday on assessable profit of certain subsidiaries	(214)	(88)	(530)
Effects of tax holiday of a subsidiary recognized for prior year			(116)
Effects of preferential tax rate on assessable profit of certain subsidiaries	(631)	(556)	(230)
Expense not deductible for tax purposes	82	133	156
Income not subject to tax			(2)
Unrecognized deferred income tax assets	46	16	37
Utilization of previously unrecognized tax assets	(11)	(50)	(40)
Others	(8)	9	(1)
Total income tax expense	¥ 456	¥ 563	¥ 171

Taxation - Summary of Reconci_2

Taxation - Summary of Reconciliation of Income Tax (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Taxation [Abstract]
Applicable tax rate	25.00%	25.00%	25.00%

Taxation - Summary of Amount an

Taxation - Summary of Amount and Per Share Effect of Tax Holiday (Details) - CNY (¥) ¥ / shares in Units, ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Tax Effect Of Tax Holiday Period [Abstract]
Effects of tax holiday on assessable profit of certain subsidiaries	¥ 214	¥ 88	¥ 646
Per ordinary share effect—basic	¥ 0.06	¥ 0.03	¥ 0.21
Per ordinary share effect—diluted	¥ 0.06	¥ 0.03	¥ 0.20

Taxation - Summary of Profit Be

Taxation - Summary of Profit Before Tax (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Profit Before Tax [Line Items]
Profit before income tax expense	¥ 4,632	¥ 4,540	¥ 2,003
Foreign Countries
Profit Before Tax [Line Items]
Profit before income tax expense	(4)	470	(1,579)
Country of Domicile
Profit Before Tax [Line Items]
Profit before income tax expense	¥ 4,636	¥ 4,070	¥ 3,582

Taxation - Summary of Deferred

Taxation - Summary of Deferred Tax Assets and Deferred Tax Liabilities (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Total deferred tax assets	¥ 303	¥ 192
Net deferred tax assets	303	192
Total deferred tax liabilities	265	297
Net deferred liabilities	265	297
Temporary Differences
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Prepayment and other investments	105	61
Deferred revenue	55	46
Accruals	136	74
Deemed distribution arising from carve out of Tencent Music Business	8	13
Others	4	6
Total deferred tax assets	308	200
Set-off of deferred tax liabilities pursuant to set-off provisions	(5)	(8)
Net deferred tax assets	303	192
Intangible assets acquired in business combinations	270	305
Total deferred tax liabilities	270	305
Net deferred liabilities	¥ 265	¥ 297

Taxation - Summary of Recovery

Taxation - Summary of Recovery of Deferred Income Tax (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets [Abstract]
to be recovered after more than 12 months	¥ 38	¥ 43
to be recovered within 12 months	265	149
Net deferred tax assets	303	192
Deferred tax liabilities [Abstract]
to be recovered after more than 12 months	203	229
to be recovered within 12 months	62	68
Net deferred liabilities	¥ 265	¥ 297

Taxation - Summary of Movements

Taxation - Summary of Movements of Deferred Income Tax Assets (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning balance	¥ 192
Ending balance	303	¥ 192
Deferred Tax Assets
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning balance	200	131
Credited/(charged) to income statement	108	69
Ending balance	308	200
Prepayment and Other Investments | Deferred Tax Assets
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning balance	61	39
Credited/(charged) to income statement	44	22
Ending balance	105	61
Deferred Revenue | Deferred Tax Assets
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning balance	46	30
Credited/(charged) to income statement	9	16
Ending balance	55	46
Accruals | Deferred Tax Assets
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning balance	74	40
Credited/(charged) to income statement	62	34
Ending balance	136	74
Deemed Distribution | Deferred Tax Assets
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning balance	13	19
Credited/(charged) to income statement	(5)	(6)
Ending balance	8	13
Others | Deferred Tax Assets
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning balance	6	3
Credited/(charged) to income statement	(2)	3
Ending balance	¥ 4	¥ 6

Taxation - Summary of Movemen_2

Taxation - Summary of Movements of Deferred Income Tax Liabilities (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Intangible Assets [Line Items]
Beginning balance	¥ 297
Ending balance	265	¥ 297
Deferred Tax Liabilities
Disclosure Of Intangible Assets [Line Items]
Beginning balance	305	362
Credited to income statement	(70)	(71)
Business combination	35	14
Ending balance	270	305
Intangible Assets | Deferred Tax Liabilities
Disclosure Of Intangible Assets [Line Items]
Beginning balance	305	362
Credited to income statement	(70)	(71)
Business combination	35	14
Ending balance	¥ 270	¥ 305

Earnings per share - Summary of

Earnings per share - Summary of Computation of Basic and Diluted Net Income Per Share (Details) - CNY (¥) ¥ / shares in Units, ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Earnings
Net income attributable to equity holders of the Company	¥ 4,155	¥ 3,982	¥ 1,833
Shares
Weighted average ordinary shares outstanding, used in computing basic earnings per share	3,313,527,847	3,272,754,403	3,076,314,670
Dilution effect—adjustments for share options and RSUs	46,932,912	74,817,935	82,906,218
Shares used in computing diluted earnings per share	3,360,460,759	3,347,572,338	3,159,220,888
Class A And Class B Ordinary Shares
Basic earnings per share calculation
Basic	¥ 1.25	¥ 1.22	¥ 0.60
Diluted earnings per share calculation
Diluted	1.24	1.19	0.58
American Depositary Shares
Basic earnings per share calculation
Basic	2.51	2.43	1.19
Diluted earnings per share calculation
Diluted	¥ 2.47	¥ 2.38	¥ 1.16

Property Plant and Equipment -

Property Plant and Equipment - Summary of Property Plant and Equipment (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Property Plant And Equipment [Line Items]
Cost	¥ 179	¥ 168
Additions	97	100
Business combination	2	1
Disposals	(1)	(2)
Depreciation charge	(101)	(88)	¥ (78)
Closing net book amount	176	179	168
Gross carrying amount
Disclosure Of Property Plant And Equipment [Line Items]
Cost	364	335
Closing net book amount	452	364	335
Accumulated depreciation and amortisation [member]
Disclosure Of Property Plant And Equipment [Line Items]
Cost	(185)	(167)
Closing net book amount	(276)	(185)	(167)
Servers And Network Equipment
Disclosure Of Property Plant And Equipment [Line Items]
Cost	124	121
Additions	53	63
Business combination	1
Disposals	(1)
Depreciation charge	(66)	(60)
Closing net book amount	111	124	121
Servers And Network Equipment | Gross carrying amount
Disclosure Of Property Plant And Equipment [Line Items]
Cost	264	217
Closing net book amount	315	264	217
Servers And Network Equipment | Accumulated depreciation and amortisation [member]
Disclosure Of Property Plant And Equipment [Line Items]
Cost	(140)	(96)
Closing net book amount	(204)	(140)	(96)
Leasehold improvements [member]
Disclosure Of Property Plant And Equipment [Line Items]
Cost	26	31
Additions	11	13
Disposals		(1)
Depreciation charge	(13)	(17)
Closing net book amount	24	26	31
Leasehold improvements [member] | Gross carrying amount
Disclosure Of Property Plant And Equipment [Line Items]
Cost	59	88
Closing net book amount	67	59	88
Leasehold improvements [member] | Accumulated depreciation and amortisation [member]
Disclosure Of Property Plant And Equipment [Line Items]
Cost	(33)	(57)
Closing net book amount	(43)	(33)	(57)
Office Furniture Equipment And Other
Disclosure Of Property Plant And Equipment [Line Items]
Cost	29	16
Additions	33	24
Business combination	1	1
Disposals		(1)
Depreciation charge	(22)	(11)
Closing net book amount	41	29	16
Office Furniture Equipment And Other | Gross carrying amount
Disclosure Of Property Plant And Equipment [Line Items]
Cost	41	30
Closing net book amount	70	41	30
Office Furniture Equipment And Other | Accumulated depreciation and amortisation [member]
Disclosure Of Property Plant And Equipment [Line Items]
Cost	(12)	(14)
Closing net book amount	¥ (29)	¥ (12)	¥ (14)

Property Plant and Equipment _2

Property Plant and Equipment - Summary of Depreciation Charged to Consolidated Income Statements (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Property Plant And Equipment [Line Items]
Depreciation charged	¥ 101	¥ 88	¥ 78
Cost of Revenues [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Depreciation charged	74	64	47
Selling and Marketing Expenses [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Depreciation charged	1	1	1
General and Administrative Expenses [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Depreciation charged	¥ 26	¥ 23	¥ 30

Right-of -Use Assets - Schedule

Right-of -Use Assets - Schedule of Carrying Amounts of Right-of-Use Assets (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance	¥ 148	¥ 100
Inception of new leases	257	109
Depreciation charge	(86)	(61)
Disposal	(8)
Ending balance	311	148
Buildings
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance	136	100
Inception of new leases	257	89
Depreciation charge	(76)	(53)
Disposal	(8)
Ending balance	309	136
Others
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance	12
Inception of new leases		20
Depreciation charge	(10)	(8)
Ending balance	¥ 2	¥ 12

Right-of -Use Assets - Addition

Right-of -Use Assets - Additional Information (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of quantitative information about right-of-use assets [abstract]
Interest expense on lease liabilities	¥ 9	¥ 7
Short-term leases expenses, charged to cost of revenue	238	201
Short-term leases expenses, charged to operating expenses	26	26
Cash outflow in financing activities	84	63
Principal elements of lease payments	78	56
Interest paid	¥ 6	¥ 7

Intangible Assets - Summary of

Intangible Assets - Summary of Intangible Assets (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Jan. 01, 2019
Disclosure Of Intangible Assets [Line Items]
Cost	¥ 3,730	¥ 2,696		¥ 2,457
Accumulated amortization	(1,710)	(1,074)		(694)
Net book amount	2,020	1,622		1,763
Opening net book amount	1,622	1,763
Additions	889	237
Business combination	146	56
Amortization charge	(637)	(434)	¥ (291)
Closing net book amount	2,020	1,622	1,763
Domain Name Trademark And Internet Audio Video Program Transmission License
Disclosure Of Intangible Assets [Line Items]
Cost	1,340	1,340		1,340
Accumulated amortization	(519)	(403)		(287)
Net book amount	821	937		1,053
Opening net book amount	937	1,053
Amortization charge	(116)	(116)
Closing net book amount	821	937	1,053
Copyrights
Disclosure Of Intangible Assets [Line Items]
Cost	1,554	544		285
Accumulated amortization	(524)	(170)		(13)
Net book amount	1,030	374		272
Opening net book amount	374	272
Additions	876	225
Business combination	145	34
Amortization charge	(365)	(157)
Closing net book amount	1,030	374	272
Supplier Resources
Disclosure Of Intangible Assets [Line Items]
Cost	335	335		335
Accumulated amortization	(226)	(175)		(123)
Net book amount	109	160		212
Opening net book amount	160	212
Amortization charge	(51)	(52)
Closing net book amount	109	160	212
Corporate Customer Relationships
Disclosure Of Intangible Assets [Line Items]
Cost	185	185		238
Accumulated amortization	(181)	(141)		(152)
Net book amount	4	44		86
Opening net book amount	44	86
Amortization charge	(40)	(42)
Closing net book amount	4	44	86
Non Compete Agreement
Disclosure Of Intangible Assets [Line Items]
Cost	156	156		134
Accumulated amortization	(138)	(104)		(71)
Net book amount	18	52		63
Opening net book amount	52	63
Business combination		22
Amortization charge	(34)	(33)
Closing net book amount	18	52	63
Other Intangible Assets
Disclosure Of Intangible Assets [Line Items]
Cost	160	136		125
Accumulated amortization	(122)	(81)		(48)
Net book amount	38	55		¥ 77
Opening net book amount	55	77
Additions	13	12
Business combination	1
Amortization charge	(31)	(34)
Closing net book amount	¥ 38	¥ 55	¥ 77

Intangible Assets - Summary o_2

Intangible Assets - Summary of Amortization of Intangible Assets Allocated (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Intangible Assets [Line Items]
Amortization charge	¥ 637	¥ 434	¥ 291
Cost of Revenues [Member]
Disclosure Of Intangible Assets [Line Items]
Amortization charge	434	239	78
Selling and Marketing Expenses [Member]
Disclosure Of Intangible Assets [Line Items]
Amortization charge	41	42	62
General and Administrative Expenses [Member]
Disclosure Of Intangible Assets [Line Items]
Amortization charge	¥ 162	¥ 153	¥ 151

Goodwill - Summary of Goodwill

Goodwill - Summary of Goodwill (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Changes in goodwill [abstract]
Beginning balance	¥ 17,140	¥ 17,088
Business combination	352	52
Ending balance	¥ 17,492	¥ 17,140

Goodwill - Additional Informati

Goodwill - Additional Information (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2016
Disclosure Of Reconciliation Of Changes In Goodwill [Line Items]
Goodwill, related to reverse acquisition			¥ 16
Terminal growth rate	3.00%
Goodwill impairment	¥ 0	¥ 0
Bottom of range
Disclosure Of Reconciliation Of Changes In Goodwill [Line Items]
Pre-tax discount rates	13.00%
Top of range
Disclosure Of Reconciliation Of Changes In Goodwill [Line Items]
Pre-tax discount rates	17.50%

Investments Accounted for Usi_3

Investments Accounted for Using Equity Method - Summary of Investments Accounted for Using Equity Method (Detail) - CNY (¥) ¥ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Investments accounted for using equity method [abstract]
Investments in associates	¥ 2,196	¥ 422
Investments in joint ventures	59	67
Investments accounted for using equity method	¥ 2,255	¥ 489	¥ 236

Investments Accounted for Usi_4

Investments Accounted for Using Equity Method - Summary of Share of Profits/(Losses) of Investments Accounted for Using Equity Method (Detail) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share of (loss)/profit of investments accounted for using equity method:
Associates	¥ 23	¥ (9)	¥ 12
Joint ventures	(4)	(9)	(13)
Share of (loss)/profit of investments accounted for using equity method	¥ 19	¥ (18)	¥ (1)

Investments Accounted for Usi_5

Investments Accounted for Using Equity Method - Summary of Movement of Investments in Associates and Joint Ventures (Details) - CNY (¥) ¥ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Investments accounted for using equity method [abstract]
At January 1		¥ 489	¥ 236
Additions	[1]	1,923	333
Business combination		4
Share of (loss)/profit		19	(18)	¥ (1)
Share of other comprehensive losses		(9)	(1)
Disposal			(1)
Step acquisition accounted for as business combination		(21)
Impairment provision	[2]	(4)	(43)
Currency translation differences		(146)	3
Dividend received			(20)
At December 31		¥ 2,255	¥ 489	¥ 236
[1]	In March 2020, the Group completed the investment of 9.94% equity interest in a consortium, Concerto Partners LLC (“Concerto”), which is led by Tencent to acquire a 10% equity stake in Universal Music Group (“UMG”), for an investment consideration of EUR200 million (equivalent to approximately RMB1,531 million). According to the shareholders agreement of Concerto, the Group is able to participate in certain key decision making process of Concerto and therefore, this investment is accounted for as investment in an associate.
[2]	Both external and internal sources of information of associates are considered in assessing whether there is any indication that the investments maybe impaired, including but not limited to financial position, business performance and market capitalization. During the year ended December 31, 2020, the impairment losses mainly resulted from revisions of financial business outlook of the associates and changes in the market environment of the underlying business.

Investments Accounted for Usi_6

Investments Accounted for Using Equity Method - Summary of Movement of Investments in Associates and Joint Ventures (Parenthetical) (Details) € in Millions, ¥ in Millions	1 Months Ended
	Mar. 31, 2020CNY (¥)	Mar. 31, 2020EUR (€)
Investment Accounted For Using Equity Method [Line Items]
Investments accounted for using equity method	¥ 1,531	€ 200
Consortium concerto
Investment Accounted For Using Equity Method [Line Items]
Investment On Equity Interest	9.94%	9.94%
Universal Music Group UMG
Investment Accounted For Using Equity Method [Line Items]
Investment On Equity Interest	10.00%	10.00%

Financial Assets at Fair Valu_2

Financial Assets at Fair Value - Additional Information (Details) ¥ in Millions, $ in Millions	Dec. 31, 2020CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
Disclosure of financial assets [line items]
Investment	¥ 2,255		¥ 489	¥ 236
Warner music group corp
Disclosure of financial assets [line items]
Investment	¥ 708	$ 100
Equity interest subscribed	0.78%	0.78%

Financial Assets at Fair Valu_3

Financial Assets at Fair Value - Summary of Financial Assets at Fair Value Through Other Comprehensive Income (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Fair Value Of Investments In Equity Instruments Designated As Measured At Fair Value Through Other Comprehensive Income [Line Items]
At beginning of the year	¥ 4,461
Currency translation differences	(1,286)	¥ 261	¥ 552
At end of the year	9,771	4,461
Equity Investments
Disclosure Of Fair Value Of Investments In Equity Instruments Designated As Measured At Fair Value Through Other Comprehensive Income [Line Items]
At beginning of the year	4,461	3,331
Addition	708
Fair value change	5,219	1,031
Currency translation differences	(617)	99
At end of the year	¥ 9,771	¥ 4,461	¥ 3,331

Financial Assets at Fair Valu_4

Financial Assets at Fair Value - Summary of Movement of Other Investment (Details) - Other investments - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Financial Assets Designated As Measured At Fair Value Through Profit Or Loss [Line Items]
At beginning of the year	¥ 255	¥ 256
Addition	132	3
Disposal	(1)	(4)
At end of the year	386	255
Current	37	38
Non-current	¥ 349	¥ 217

Prepayments, deposits and other

Prepayments, deposits and other - Summary of Prepayments, deposits and other assets (Detail) - CNY (¥) ¥ in Millions	Dec. 31, 2020	Dec. 31, 2019
Included in non-current assets
Prepaid contents royalties	¥ 956	¥ 816
Prepayments, deposits and other assets	956	816
Included in current assets
Prepaid contents royalties	1,882	1,600
Value-added tax recoverable	149	153
Prepaid vendors deposits and other receivables	484	199
Prepaid promotion and other expenses	239	133
Others	53	85
Prepayments, deposits and other assets	2,846	2,220
Tencent
Included in current assets
Receivable from Tencent (Note 31(b))	¥ 39	¥ 50

Accounts Receivables - Summary

Accounts Receivables - Summary of Accounts Receivable and Ageing Analysis (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounts Receivable [Line Items]
Accounts receivable	¥ 2,814	¥ 2,209
Less: loss allowance for expected credit losses	(14)	(11)	¥ (7)
Accounts receivable, net	2,800	2,198
Ageing analysis of the accounts receivable based on invoice date
Accounts Receivable [Line Items]
Accounts receivable	2,814	2,209
Up to 3 months | Ageing analysis of the accounts receivable based on invoice date
Accounts Receivable [Line Items]
Accounts receivable	2,490	1,913
3 to 6 months | Ageing analysis of the accounts receivable based on invoice date
Accounts Receivable [Line Items]
Accounts receivable	165	116
Over 6 months | Ageing analysis of the accounts receivable based on invoice date
Accounts Receivable [Line Items]
Accounts receivable	¥ 159	¥ 180

Accounts Receivable - Summary o

Accounts Receivable - Summary of Loss Allowances for Accounts Receivable (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Trade And Other Receivables [Abstract]
Beginning Balance	¥ 11	¥ 7
Provision for loss allowance recognized in income statement	8	18
Receivables written off during the year as uncollectible	(5)	(14)
Ending Balance	¥ 14	¥ 11

Term Deposits And Cash And Ca_3

Term Deposits And Cash And Cash Equivalents - Schedule of Cash and Cash Equivalents (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash and cash equivalents [abstract]
Cash at bank	¥ 11,108	¥ 8,892
Term deposits with initial terms within three months	20	6,534
Cash and cash equivalents	¥ 11,128	¥ 15,426	¥ 17,356	¥ 5,174

Share Capital - Schedule of Cla

Share Capital - Schedule of Classes of Share Capital (Details) ¥ in Millions, $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018CNY (¥)shares	Mar. 31, 2018USD ($)shares	Dec. 31, 2020CNY (¥)shares	Dec. 31, 2019CNY (¥)shares	Dec. 31, 2018CNY (¥)shares
Disclosure Of Classes Of Share Capital [Line Items]
Beginning balance	¥ 26,148		¥ 43,678	¥ 37,772	¥ 26,148
Issuance of ordinary shares	¥ 803	$ 123		12	2,433
Issuance of ordinary shares upon initial public offering					3,496
Shares held for share award schemes			(47)	(31)
Ending balance			52,731	¥ 43,678	¥ 37,772
Repurchase of shares			¥ (134)
Share Capital
Disclosure Of Classes Of Share Capital [Line Items]
Balance, shares | shares	2,970,573,050	2,970,573,050	3,355,065,938	3,265,986,486	2,970,573,050
Issuance of ordinary shares | shares				280,512	97,381,238
Issuance of puttable ordinary shares | shares					24,757,517
Issuance of ordinary shares upon initial public offering | shares					82,059,658
Number of shares allotted and issued for share award schemes | shares			30,077,800	88,798,940
Balance, shares | shares			3,385,143,738	3,355,065,938	3,265,986,486
Beginning balance	¥ 2		¥ 2	¥ 2	¥ 2
Ending balance			2	2	¥ 2
Share Capital | UEC
Disclosure Of Classes Of Share Capital [Line Items]
Issuance of ordinary shares | shares					23,084,008
Share Capital | Musical Label Partners
Disclosure Of Classes Of Share Capital [Line Items]
Issuance of ordinary shares | shares					68,131,015
Additional Paid-In Capital
Disclosure Of Classes Of Share Capital [Line Items]
Beginning balance	¥ 23,915		34,425	33,776	¥ 23,915
Issuance of ordinary shares				12	2,433
Issuance of ordinary shares upon initial public offering					3,496
Value of employee service			619	637
Ending balance			35,044	34,425	33,776
Additional Paid-In Capital | UEC
Disclosure Of Classes Of Share Capital [Line Items]
Issuance of ordinary shares					1,027
Additional Paid-In Capital | Musical Label Partners
Disclosure Of Classes Of Share Capital [Line Items]
Issuance of ordinary shares					¥ 2,905
Shares Held for Share Award Schemes
Disclosure Of Classes Of Share Capital [Line Items]
Beginning balance			(31)
Shares held for share award schemes			(47)	(31)
Ending balance			(78)	¥ (31)
Treasury shares [member]
Disclosure Of Classes Of Share Capital [Line Items]
Ending balance			(134)
Repurchase of shares			¥ (134)

Share Capital - Schedule of C_2

Share Capital - Schedule of Classes of Share Capital (Parenthetical) (Details) - $ / shares	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disclosure of classes of share capital [abstract]
Par value per share	$ 0.000083	$ 0.000083	$ 0.000083	$ 0.000083
Number of shares authorized	4,800,000,000	4,800,000,000	4,800,000,000	4,800,000,000

Share Capital - Schedule Analys

Share Capital - Schedule Analysis of Issued Shares (Details) - CNY (¥)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disclosure Of Classes Of Share Capital [Line Items]
Share capital	¥ 2,000,000	¥ 2,000,000
Share Capital
Disclosure Of Classes Of Share Capital [Line Items]
Number of shares issued	3,385,143,738	3,355,065,938	3,265,986,486	2,970,573,050
Share capital	¥ 2,000,000	¥ 2,000,000
Class A Ordinary Shares | Share Capital
Disclosure Of Classes Of Share Capital [Line Items]
Number of shares issued	1,670,004,560	1,325,454,335
Share capital	¥ 1,000,000
Class B Ordinary Shares | Share Capital
Disclosure Of Classes Of Share Capital [Line Items]
Number of shares issued	1,715,139,178	2,029,611,603
Share capital	¥ 1,000,000	¥ 2,000,000

Share Capital - Additional Info

Share Capital - Additional Information (Detail) $ in Millions	Feb. 20, 2019USD ($)shares	Mar. 31, 2018CNY (¥)shares	Mar. 31, 2018USD ($)shares	Dec. 31, 2020CNY (¥)shares	Dec. 31, 2020USD ($)shares	Dec. 31, 2019CNY (¥)shares	Dec. 31, 2019USD ($)shares	Dec. 31, 2018CNY (¥)shares	Dec. 12, 2018shares	Oct. 03, 2018USD ($)shares
Disclosure Of Classes Of Share Capital [Line Items]
Ordinary shares issued		24,757,517	24,757,517
Issuance of ordinary shares		¥ 803,000,000	$ 123			¥ 12,000,000		¥ 2,433,000,000
Proceed from issuance of shares		437,000,000	67					¥ 1,386,000,000
Business cooperation arrangements in turn of contents cooperation		¥ 365,000,000	$ 56
Lock up period of shares		3 years	3 years
Payments of cash in relation to put right				¥ 437,000,000	$ 67
Equity-settled share-based compensation				365,000,000	56
Payments of cash in relation to put right				1,519,000,000	$ 221
Share schemes trust withheld amount | ¥				(47,000,000)		¥ (31,000,000)
Repurchase of shares | ¥				(134,000,000)
WMG China LLC [member]
Disclosure Of Classes Of Share Capital [Line Items]
Aggregate cash consideration | $										$ 200
OrdinaryShares [member]
Disclosure Of Classes Of Share Capital [Line Items]
Ordinary shares issued		97,318,238	97,318,238
Issuance of ordinary shares		¥ 2,493,000,000	$ 382
OrdinaryShares [member] | WMG China LLC [member]
Disclosure Of Classes Of Share Capital [Line Items]
Ordinary shares issued										68,131,015
American Depositary Shares
Disclosure Of Classes Of Share Capital [Line Items]
Ordinary shares issued									41,029,829
Repurchase of shares | ¥				¥ 1,936,742
Class A Ordinary Shares
Disclosure Of Classes Of Share Capital [Line Items]
Ordinary shares issued								82,059,658
Proceed from issuance of shares | $	$ 1.8
Issuance of ordinary shares, Shares	280,512
Share schemes trust withheld				1,046,852	1,046,852	617,634	617,634
Share schemes trust withheld amount				¥ 47,000,000	$ 19	¥ 31,000,000
Shares held for share scheme Trust				35,763,090	35,763,090	31,310,524	31,310,524
Class A Ordinary Shares in Form Of American Depositary Shares
Disclosure Of Classes Of Share Capital [Line Items]
Maximum repurchase amount | $							$ 400
Initial Public Offer [Member] | American Depositary Shares
Disclosure Of Classes Of Share Capital [Line Items]
Repurchase of shares | ¥				¥ 0

Schedule of Other Reserve (Deta

Schedule of Other Reserve (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Reserves Within Equity [Line Items]
Beginning balance	¥ 43,678	¥ 37,772	¥ 26,148
Currency translation differences	(1,286)	261	552
Fair value changes on financial assets at fair value through other comprehensive income	5,219	1,031	(675)
Acquisition of remaining interests in associates	2,002	294	140
Share of other comprehensive loss of an associate	(9)	(1)
Share based compensation	569	519
Exercise of share options/RSU	190	172
Additional investment in a non-wholly owned subsidiary	(2)	(84)
Ending balance	52,731	43,678	37,772
Other reserves [member]
Disclosure Of Reserves Within Equity [Line Items]
Beginning balance	2,187	903	997
Currency translation differences	(1,286)	261	552
Fair value changes on financial assets at fair value through other comprehensive income	5,219	1,031	(675)
Acquisition of remaining interests in associates			(831)
Share of other comprehensive loss of an associate	(9)	(1)
Share based compensation	569	519	840
Exercise of share options/RSU	(429)	(465)
Additional investment in a non-wholly owned subsidiary	(2)	(76)	(4)
Profit appropriations to PRC statutory reserves	51	15	20
Ending balance	6,300	2,187	903
Share-based compensation reserve | Other reserves [member]
Disclosure Of Reserves Within Equity [Line Items]
Beginning balance	1,470	1,416	576
Share based compensation	569	519	840
Exercise of share options/RSU	(429)	(465)
Ending balance	1,610	1,470	1,416
Contribution From Ultimate Holding Company | Other reserves [member]
Disclosure Of Reserves Within Equity [Line Items]
Beginning balance	463	463	463
Ending balance	463	463	463
PRC statutory reserve | Other reserves [member]
Disclosure Of Reserves Within Equity [Line Items]
Beginning balance	94	79	59
Profit appropriations to PRC statutory reserves	51	15	20
Ending balance	145	94	79
Foreign currency translation reserve | Other reserves [member]
Disclosure Of Reserves Within Equity [Line Items]
Beginning balance	712	451	(101)
Currency translation differences	(1,286)	261	552
Ending balance	(574)	712	451
Fair value reserve | Other reserves [member]
Disclosure Of Reserves Within Equity [Line Items]
Beginning balance	356	(675)
Fair value changes on financial assets at fair value through other comprehensive income	5,219	1,031	(675)
Ending balance	5,575	356	(675)
Others | Other reserves [member]
Disclosure Of Reserves Within Equity [Line Items]
Beginning balance	(908)	(831)
Acquisition of remaining interests in associates			(831)
Share of other comprehensive loss of an associate	(9)	(1)
Additional investment in a non-wholly owned subsidiary	(2)	(76)
Ending balance	¥ (919)	¥ (908)	¥ (831)

Share Based Compensation - Addi

Share Based Compensation - Additional Information (Details)

12 Months Ended

Dec. 31, 2020CNY (¥)$ / sharesshares

Dec. 31, 2020CNY (¥)¥ / sharesshares

Dec. 31, 2020CNY (¥)$ / sharesshares

Dec. 31, 2019CNY (¥)$ / shares

Dec. 31, 2019CNY (¥)¥ / shares

Dec. 31, 2019CNY (¥)$ / shares

Dec. 31, 2018CNY (¥)$ / shares

Dec. 31, 2018CNY (¥)¥ / shares

Dec. 31, 2018CNY (¥)$ / shares

Dec. 31, 2020USD ($)

Dec. 31, 2019USD ($)

Dec. 31, 2018USD ($)

Bottom of range

Disclosure Of Share Based Compensation [Line Items]

Expected retention rate

88.00%

88.00%

88.00%

Top of range

Disclosure Of Share Based Compensation [Line Items]

Expected retention rate

95.00%

95.00%

95.00%

Tencent Holdings Limited

Disclosure Of Share Based Compensation [Line Items]

Weighted average price of the shares at the time of options exercised | (per share)

¥ 445.51

$ 529.38

¥ 277.89

$ 330.2

¥ 271.65

$ 322.79

Restricted Share Units

Disclosure Of Share Based Compensation [Line Items]

Description of vesting conditions for share-based payments

one-fourth (1/4) of which shall vest eighteen months after grant date, and one-fourth (1/4) every year after.

one-fourth (1/4) of which shall vest eighteen months after grant date, and one-fourth (1/4) every year after.

one-fourth (1/4) of which shall vest eighteen months after grant date, and one-fourth (1/4) every year after.

Weighted average fair value at measurement date, share options granted

¥ 43.59

¥ 43.59

$ 43.59

¥ 46.13

¥ 46.13

$ 46.13

¥ 39.93

¥ 39.93

$ 39.93

$ 6.68

$ 7.07

$ 6.12

Restricted Share Units | Tencent Holdings Limited

Disclosure Of Share Based Compensation [Line Items]

Description of vesting conditions for share-based payments

RSUs are subject to a three-year or four-year vesting schedule, and each year after the grant date, one-third (1/3) or one-fourth (1/4) shall vest accordingly. No outstanding share options or RSUs will be exercisable or subject to vesting after the expiry of a maximum of seven years from the date of grant.​​​​​​​

RSUs are subject to a three-year or four-year vesting schedule, and each year after the grant date, one-third (1/3) or one-fourth (1/4) shall vest accordingly. No outstanding share options or RSUs will be exercisable or subject to vesting after the expiry of a maximum of seven years from the date of grant.​​​​​​​

RSUs are subject to a three-year or four-year vesting schedule, and each year after the grant date, one-third (1/3) or one-fourth (1/4) shall vest accordingly. No outstanding share options or RSUs will be exercisable or subject to vesting after the expiry of a maximum of seven years from the date of grant.​​​​​​​

Stock Option

Disclosure Of Share Based Compensation [Line Items]

Description of vesting conditions for share-based payments

One-fourth (1/4) of which shall vest nine months or eighteen months after grant date, respectively, as provided in the grant agreement, and one-fourth (1/4) of which vest upon every year

One-fourth (1/4) of which shall vest nine months or eighteen months after grant date, respectively, as provided in the grant agreement, and one-fourth (1/4) of which vest upon every year

One-fourth (1/4) of which shall vest nine months or eighteen months after grant date, respectively, as provided in the grant agreement, and one-fourth (1/4) of which vest upon every year

Stock Option | Tencent Holdings Limited

Disclosure Of Share Based Compensation [Line Items]

Description of vesting conditions for share-based payments

Share options granted are generally subject to a four-year or five-year vesting schedule as determined by the board of directors of Tencent. Under the four-year vesting schedule, share options in general vest one-fourth (1/4) upon the first anniversary of the grant date, and one-fourth (1/4) every year after. Under the five-year vesting schedule, depending on the nature and purpose of the grant, share options in general vest one-fifth (1/5) upon the first or second anniversary of the grant date, respectively, as provided in the grant agreement, and one-fifth (1/5) every year after.​​​​​​​

Share options granted are generally subject to a four-year or five-year vesting schedule as determined by the board of directors of Tencent. Under the four-year vesting schedule, share options in general vest one-fourth (1/4) upon the first anniversary of the grant date, and one-fourth (1/4) every year after. Under the five-year vesting schedule, depending on the nature and purpose of the grant, share options in general vest one-fifth (1/5) upon the first or second anniversary of the grant date, respectively, as provided in the grant agreement, and one-fifth (1/5) every year after.​​​​​​​

Share options granted are generally subject to a four-year or five-year vesting schedule as determined by the board of directors of Tencent. Under the four-year vesting schedule, share options in general vest one-fourth (1/4) upon the first anniversary of the grant date, and one-fourth (1/4) every year after. Under the five-year vesting schedule, depending on the nature and purpose of the grant, share options in general vest one-fifth (1/5) upon the first or second anniversary of the grant date, respectively, as provided in the grant agreement, and one-fifth (1/5) every year after.​​​​​​​

2017 Restricted Share Scheme and 2017 Option Plan

Disclosure Of Share Based Compensation [Line Items]

Weighted average price of the shares at the time of options exercised | (per share)

¥ 7.66

¥ 49.98

¥ 6.79

¥ 44.30

First Category Vesting Schedule

Disclosure Of Share Based Compensation [Line Items]

Description of vesting conditions for share-based payments

one-fourth (1/4) of which shall vest and become exercisable upon the first anniversary of the date of grant and one-eighth (1/8) of which shall vest and become exercisable on each half of a year anniversary thereafter.

one-fourth (1/4) of which shall vest and become exercisable upon the first anniversary of the date of grant and one-eighth (1/8) of which shall vest and become exercisable on each half of a year anniversary thereafter.

one-fourth (1/4) of which shall vest and become exercisable upon the first anniversary of the date of grant and one-eighth (1/8) of which shall vest and become exercisable on each half of a year anniversary thereafter.

Second Category Vesting Schedule

Disclosure Of Share Based Compensation [Line Items]

Description of vesting conditions for share-based payments

one-fourth (1/4) of which shall vest upon the first anniversary of the grant date and one-sixteenth (1/16) of which shall vest on each three months thereafter. Under the second category vesting schedule, in the event of the Company’s completion of an IPO or termination of the option holder’s employment agreement by the Company without cause, the vesting schedule shall be accelerated by a one year period (which means that the whole vesting schedule shall be shortened from four years to three years).

one-fourth (1/4) of which shall vest upon the first anniversary of the grant date and one-sixteenth (1/16) of which shall vest on each three months thereafter. Under the second category vesting schedule, in the event of the Company’s completion of an IPO or termination of the option holder’s employment agreement by the Company without cause, the vesting schedule shall be accelerated by a one year period (which means that the whole vesting schedule shall be shortened from four years to three years).

one-fourth (1/4) of which shall vest upon the first anniversary of the grant date and one-sixteenth (1/16) of which shall vest on each three months thereafter. Under the second category vesting schedule, in the event of the Company’s completion of an IPO or termination of the option holder’s employment agreement by the Company without cause, the vesting schedule shall be accelerated by a one year period (which means that the whole vesting schedule shall be shortened from four years to three years).

Third Category Vesting Schedule

Disclosure Of Share Based Compensation [Line Items]

Description of vesting conditions for share-based payments

all options shall vest upon the first anniversary of the grant date, and in the event of the Company’s completion of an IPO.

all options shall vest upon the first anniversary of the grant date, and in the event of the Company’s completion of an IPO.

all options shall vest upon the first anniversary of the grant date, and in the event of the Company’s completion of an IPO.

2014 Share Incentive Plan

Disclosure Of Share Based Compensation [Line Items]

Number of common shares reserved for future issuance

96,704,847

96,704,847

96,704,847

Weighted average price of the shares at the time of options exercised | (per share)

¥ 6.76

¥ 44.11

¥ 7.46

¥ 48.68

Share Based Compensation - Sche

Share Based Compensation - Schedule of Number, weighted Average Exercise Prices and Weighted-average Grant Date Fair Value of Share Options (Details)	12 Months Ended
	Dec. 31, 2020USD ($)shares$ / shares	Dec. 31, 2020HKD ($)shares$ / shares	Dec. 31, 2019USD ($)shares$ / shares	Dec. 31, 2019HKD ($)shares$ / shares	Dec. 31, 2018USD ($)shares$ / shares	Dec. 31, 2018HKD ($)shares$ / shares	Dec. 31, 2020HKD ($)shares$ / shares	Dec. 31, 2019HKD ($)shares$ / shares	Dec. 31, 2018HKD ($)shares$ / shares	Dec. 31, 2017USD ($)shares
2014 Share Incentive Plan
Disclosure Of Share Based Compensation [Line Items]
Number of options outstanding beginning balance | shares	13,897,304	13,897,304	56,736,209	56,736,209	53,498,273	53,498,273
Exercised | shares	(7,866,422)	(7,866,422)	(42,091,694)	(42,091,694)
Anti-dilution adjustments | shares					4,731,938	4,731,938
Forfeited | shares	(46,982)	(46,982)	(747,211)	(747,211)	(1,494,002)	(1,494,002)
Number of options outstanding ending balance | shares	5,983,900	5,983,900	13,897,304	13,897,304	56,736,209	56,736,209
Number of options Vested and expected to vest | shares	5,983,900		13,670,469		55,921,341		5,983,900	13,670,469	55,921,341
Number of options exercisable | shares	5,983,900		12,007,012		50,155,161		5,983,900	12,007,012	50,155,161
Number of options non vested | shares	0		1,890,292		6,581,048		0	1,890,292	6,581,048
Weighted-average exercise price options outstanding beginning balance | $ / shares	$ 0.23		$ 0.19		$ 0.21
Weighted-average grant date fair value options exercised | $ / shares	0.23		0.18
Weighted-average exercise price options forfeited | $ / shares	0.27		0.20		0.24
Weighted-average exercise price options outstanding ending balance | $ / shares	$ 0.23		$ 0.23		$ 0.19
Weighted-average exercise price options Vested and expected to vest	$ 0.23		$ 0.23		$ 0.19
Weighted-average exercise price options exercisable | $ / shares	$ 0.23		$ 0.23		$ 0.18
Weighted-average exercise price options non vested	$ 0		$ 0.24		$ 0.25
Weighted-average grant date fair value options outstanding beginning balance	1.92		1.94		2.09
Weighted-average grant date fair value options exercised	1.91		1.97
Weighted-average grant date fair value options forfeited	1.91		2.04		2.05
Weighted-average grant date fair value options outstanding ending balance	1.93		1.92		1.94
Weighted-average grant date fair value options vested and expected to vest	1.93		1.92		1.94
Weighted-average grant date fair value options exercisable	1.93		1.91		1.94
Weighted-average grant date fair value options non vested	$ 0		$ 1.92		$ 1.91
2017 Restricted Share Scheme and 2017 Option Plan
Disclosure Of Share Based Compensation [Line Items]
Number of options outstanding beginning balance | shares	26,640,508	26,640,508	36,086,303	36,086,303	26,961,386	26,961,386
Granted | shares	4,992,390	4,992,390	1,993,780	1,993,780	7,777,224	7,777,224
Exercised | shares	(10,026,018)	(10,026,018)	(9,696,202)	(9,696,202)
Anti-dilution adjustments | shares					2,384,714	2,384,714
Forfeited | shares	(455,694)	(455,694)	(1,743,373)	(1,743,373)	(1,037,021)	(1,037,021)
Number of options outstanding ending balance | shares	21,151,186	21,151,186	26,640,508	26,640,508	36,086,303	36,086,303
Number of options Vested and expected to vest | shares	20,097,190		25,329,481		28,604,121		20,097,190	25,329,481	28,604,121
Number of options exercisable | shares	4,762,058		6,065,968		7,252,971		4,762,058	6,065,968	7,252,971
Number of options non vested | shares	16,389,128		20,574,540		28,833,332		16,389,128	20,574,540	28,833,332	26,961,386
Weighted-average exercise price options outstanding beginning balance | $ / shares	$ 3.43		$ 2.75		$ 1.89
Weighted-average exercise price options granted | $ / shares	6.44		7.05		6.76
Weighted-average grant date fair value options exercised | $ / shares	2.64		1.78
Weighted-average exercise price options forfeited | $ / shares	6.27		2.67		1.35
Weighted-average exercise price options outstanding ending balance | $ / shares	$ 4.45		$ 3.43		$ 2.75
Weighted-average exercise price options Vested and expected to vest	$ 4.44		$ 3.44		$ 2.58
Weighted-average exercise price options exercisable | $ / shares	$ 3.05		$ 2.45		$ 1.76
Weighted-average exercise price options non vested	$ 4.86		$ 3.71		$ 3					$ 1.89
Weighted-average grant date fair value options outstanding beginning balance	2.39		2.24		2.17
Weighted-average grant date fair value options granted	2.70		3		3.27
Weighted-average grant date fair value options exercised	1.92		1.95
Weighted-average grant date fair value options forfeited	3.01		2.33		1.85
Weighted-average grant date fair value options outstanding ending balance	2.68		2.39		2.24
Weighted-average grant date fair value options vested and expected to vest	2.68		2.38		2.38
Weighted-average grant date fair value options exercisable	2.74		2.04		1.75
Weighted-average grant date fair value options non vested	$ 2.66		$ 2.50		$ 2.47					$ 2.17
Share-based Compensation Plans | Tencent Holdings Limited
Disclosure Of Share Based Compensation [Line Items]
Number of options outstanding beginning balance | shares	65,100	65,100	75,100	75,100	85,335	85,335
Exercised | shares	(18,060)	(18,060)	(10,000)	(10,000)	(10,235)	(10,235)
Number of options outstanding ending balance | shares	47,040	47,040	65,100	65,100	75,100	75,100
Number of options Vested and expected to vest | shares	46,635		63,626		63,462		46,635	63,626	63,462
Number of options exercisable | shares	38,937		35,605		24,212		38,937	35,605	24,212
Number of options non vested | shares	8,103		29,495		50,888		8,103	29,495	50,888
Weighted-average exercise price options outstanding beginning balance | $ / shares		$ 223.40		$ 216.94		$ 208.93
Weighted-average grant date fair value options exercised | $ / shares		215.84		174.86		150.16
Weighted-average exercise price options outstanding ending balance | $ / shares		$ 226.30		$ 223.40		$ 216.94
Weighted-average exercise price options Vested and expected to vest							$ 225.90	$ 223.28	$ 214.53
Weighted-average exercise price options exercisable | $ / shares							$ 216.72	$ 219.24	$ 207.49
Weighted-average exercise price options non vested							$ 272.36	$ 228.43	$ 221.43
Weighted-average grant date fair value options outstanding beginning balance		$ 68.50		$ 66.76		$ 64.43
Weighted-average grant date fair value options exercised		66.46		55.42		47.30
Weighted-average grant date fair value options outstanding ending balance		$ 69.29		$ 68.50		$ 66.76
Weighted-average grant date fair value options vested and expected to vest							69.18	68.47	66.11
Weighted-average grant date fair value options exercisable							66.70	67.38	64.21
Weighted-average grant date fair value options non vested							$ 81.70	$ 69.86	$ 67.97

Share Based Compensation - Sc_2

Share Based Compensation - Schedule of Share Options Outstanding (Details)	12 Months Ended
	Dec. 31, 2020shares$ / shares	Dec. 31, 2019shares	Dec. 31, 2020shares$ / shares	Dec. 31, 2018shares	Dec. 31, 2017shares
2014 Share Incentive Plan
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Share options	5,983,900	13,897,304	5,983,900	56,736,209	53,498,273
Weighted average remaining contractual life of options outstanding at end of period:	5 years 3 days	5 years 10 months 13 days
2014 Share Incentive Plan | Exercise Price Range One
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	March 1, 2015
Expiry date	Feb. 28, 2025
Exercise | $ / shares	$ 0.000076
Share options	278,801	339,001	278,801
2014 Share Incentive Plan | Exercise Price Range Two
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	March 1, 2015
Expiry date	Feb. 28, 2025
Exercise | $ / shares	$ 0.27
Share options	50,000	394,470	50,000
2014 Share Incentive Plan | Exercise Price Range Three
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	March 1, 2015
Expiry date	Feb. 28, 2025
Exercise | $ / shares	$ 0.000076
Share options	460,220	1,407,820	460,220
2014 Share Incentive Plan | Exercise Price Range Four
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	March 1, 2015
Expiry date	Feb. 28, 2025
Exercise | $ / shares	$ 0.27
Share options	417,410	1,409,162	417,410
2014 Share Incentive Plan | Exercise Price Range Five
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	March 30, 2015
Expiry date	Mar. 29, 2025
Exercise | $ / shares	$ 0.27
Share options	700,882	1,953,472	700,882
2014 Share Incentive Plan | Exercise Price Range Six
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	July 1, 2015
Expiry date	Jun. 30, 2025
Exercise | $ / shares	$ 0.27
Share options
2014 Share Incentive Plan | Exercise Price Range Seven
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	October 1, 2015
Expiry date	Sep. 30, 2025
Exercise | $ / shares	$ 0.27
Share options	125,100	245,826	125,100
2014 Share Incentive Plan | Exercise Price Range Eight
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	December 31, 2015
Expiry date	Dec. 30, 2025
Exercise | $ / shares	$ 0.27
Share options	599,658	1,529,224	599,658
2014 Share Incentive Plan | Exercise Price Range Nine
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	December 31, 2015
Expiry date	Dec. 30, 2025
Exercise | $ / shares	$ 0.000076
Share options		90,302
2014 Share Incentive Plan | Exercise Price Range Ten
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	March 1, 2016
Expiry date	Feb. 28, 2026
Exercise | $ / shares	$ 0.27
Share options	107,889	255,377	107,889
2014 Share Incentive Plan | Exercise Price Range Eleven
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	March 31, 2016
Expiry date	Mar. 30, 2026
Exercise | $ / shares	$ 0.27
Share options	98,938	156,498	98,938
2014 Share Incentive Plan | Exercise Price Range Twelve
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	June 1, 2016
Expiry date	May 30, 2026
Exercise | $ / shares	$ 0.27
Share options
2014 Share Incentive Plan | Exercise Price Range Thirteen
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	June 30, 2016
Expiry date	Jun. 29, 2026
Exercise | $ / shares	$ 0.000076
Share options	81,638	163,272	81,638
2014 Share Incentive Plan | Exercise Price Range Fourteen
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	June 30, 2016
Expiry date	Jun. 29, 2026
Exercise | $ / shares	$ 0.27
Share options	3,063,364	5,952,880	3,063,364
2017 Restricted Share Scheme and 2017 Option Plan
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Share options	21,151,186	26,640,508	21,151,186	36,086,303	26,961,386
Weighted average remaining contractual life of options outstanding at end of period:	7 years 8 months 26 days	8 years 25 days
2017 Restricted Share Scheme and 2017 Option Plan | Exercise Price Range One
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	June 16, 2017
Expiry date	Jun. 15, 2027
Exercise | $ / shares	$ 2.32
Share options	2,738,756	7,889,968	2,738,756
2017 Restricted Share Scheme and 2017 Option Plan | Exercise Price Range Two
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	August 31, 2017
Expiry date	Aug. 30, 2027
Exercise | $ / shares	$ 0.27
Share options	2,748,802	4,513,508	2,748,802
2017 Restricted Share Scheme and 2017 Option Plan | Exercise Price Range Three
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	December 20, 2017
Expiry date	Dec. 19, 2027
Exercise | $ / shares	$ 2.32
Share options	3,973,756	5,551,752	3,973,756
2017 Restricted Share Scheme and 2017 Option Plan | Exercise Price Range Four
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	April 16, 2018
Expiry date	Apr. 15, 2028
Exercise | $ / shares	$ 4.04
Share options	650,000	975,000	650,000
2017 Restricted Share Scheme and 2017 Option Plan | Exercise Price Range Five
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	October 17, 2018
Expiry date	Oct. 16, 2028
Exercise | $ / shares	$ 7.14
Share options	4,667,500	5,716,500	4,667,500
2017 Restricted Share Scheme and 2017 Option Plan | Exercise Price Range Six
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	June 14, 2019
Expiry date	Jun. 13, 2029
Exercise | $ / shares	$ 7.05
Share options	1,637,002	1,993,780	1,637,002
2017 Restricted Share Scheme and 2017 Option Plan | Exercise Price Range Seven
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	June 12, 2020
Expiry date	Jun. 12, 2030
Exercise | $ / shares	$ 6.20
Share options	4,285,570		4,285,570
2017 Restricted Share Scheme and 2017 Option Plan | Exercise Price Range Eight
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	August 15, 2020
Expiry date	Aug. 15, 2030
Exercise | $ / shares	$ 7.56
Share options	208,790		208,790
2017 Restricted Share Scheme and 2017 Option Plan | Exercise Price Range Nine
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	October 15, 2020
Expiry date	Oct. 15, 2030
Exercise | $ / shares	$ 7.17
Share options	71,930		71,930
2017 Restricted Share Scheme and 2017 Option Plan | Exercise Price Range Ten
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	December 15, 2020
Expiry date	Dec. 15, 2030
Exercise | $ / shares	$ 9.53
Share options	169,080		169,080
Share-based Compensation Plans | Tencent Holdings Limited
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Share options	47,040	65,100	47,040	75,100	85,335
Share-based Compensation Plans | Exercise Price Range One | Tencent Holdings Limited
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	July 6, 2016
Expiry date	Jul. 5, 2023
Exercise | $ / shares			$ 174.86
Share options	22,220	32,690	22,220
Share-based Compensation Plans | Exercise Price Range Two | Tencent Holdings Limited
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	July 10, 2017
Expiry date	Jul. 9, 2024
Exercise | $ / shares			$ 272.36
Share options	24,820	32,410	24,820

Share Based Compensation - Sc_3

Share Based Compensation - Schedule of Movements in the number of RSUs and Awarded Shares (Details) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
2017 Restricted Share Scheme and 2017 Option Plan
Disclosure Of Share Based Compensation [Line Items]
Number of options outstanding beginning balance	26,659,516	13,724,100	8,141,664
Anti-dilution adjustments			719,968
Granted	24,156,236	19,567,514	5,335,010
Vested	(7,732,794)	(5,700,520)
Forfeited	(2,071,596)	(931,578)	(472,542)
Number of options outstanding ending balance	41,011,362	26,659,516	13,724,100
Expected to vest as at December 31	37,672,420	24,377,060	10,318,030
Share-based Compensation Plans | Tencent Holdings Limited
Disclosure Of Share Based Compensation [Line Items]
Number of options outstanding beginning balance	54,575	187,948	430,418
Forfeited	(6,497)	(9,037)	(4,718)
Vested and transferred	(45,763)	(124,336)	(237,752)
Number of options outstanding ending balance	2,315	54,575	187,948
Expected to vest as at December 31	2,199	48,977	166,321

Share Based Compensation - Summ

Share Based Compensation - Summary of Assumptions Used to Determine Fair value of Share Options (Details) - 2017 Restricted Share Scheme and 2017 Option Plan - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Share Based Compensation [Line Items]
Risk free interest rate		2.08%
Expected dividend yield	0.00%	0.00%	0.00%
Expected volatility range		40.00%
Exercise multiples			$ 2.8
Contractual life	10 years	10 years	10 years
Bottom of range
Disclosure Of Share Based Compensation [Line Items]
Risk free interest rate	0.71%		2.97%
Expected volatility range	40.00%		50.00%
Exercise multiples	$ 2.2	$ 2.2
Top of range
Disclosure Of Share Based Compensation [Line Items]
Risk free interest rate	0.91%		3.21%
Expected volatility range	42.50%		60.00%
Exercise multiples	$ 2.8	$ 2.8

Notes payable - Summary of Note

Notes payable - Summary of Note Payable (Detail) ¥ in Millions	Dec. 31, 2020CNY (¥)
Disclosure of detailed information about borrowings [line items]
Notes payables	¥ 5,175
Aggregate principal	¥ 5,175

Notes payable - Additional Info

Notes payable - Additional Information (Detail) ¥ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2020CNY (¥)	Sep. 04, 2020USD ($)
Disclosure of Detailed Information Unsecured Senior Notes [Line Items]
Aggregate principal	¥ 5,175
Proceeds from notes payable issued	5,400
Movement in currency transaction alignment of notes payable	¥ 227
Senior Notes [Member]
Disclosure of Detailed Information Unsecured Senior Notes [Line Items]
Aggregate principal | $		$ 800

Notes payable - Summary of unse

Notes payable - Summary of unsecured senior notes (Detail) ¥ in Millions, $ in Millions	1 Months Ended
	Sep. 30, 2020USD ($)	Dec. 31, 2020CNY (¥)
Disclosure of Detailed Information Unsecured Senior Notes [Line Items]
Principal amount | $	$ 800
Borrowings | ¥		¥ 5,175
Senior Notes Tranch one [Member]
Disclosure of Detailed Information Unsecured Senior Notes [Line Items]
Principal amount | $	$ 300
Borrowings | ¥		1,945
Interest rate	1.375%
Borrowings maturity	2025
Senior Notes Tranch Two [Member]
Disclosure of Detailed Information Unsecured Senior Notes [Line Items]
Principal amount | $	$ 500
Borrowings | ¥		¥ 3,230
Interest rate	2.00%
Borrowings maturity	2030

Other Payables and Other Liab_3

Other Payables and Other Liabilities - Summary of Other Payables and Other Liabilities (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2020	Dec. 31, 2019
Included in non-current liabilities
Government grants	¥ 2	¥ 2
Deferred income	66	66
Other non-current payables	68	68
Included in current liabilities
Dividend payable	12	12
Accrued expenses (note ii)	2,717	2,105
Advances from customers	68	83
Investment payables	74	611
Other tax liabilities	137	140
Present value of liability of puttable shares	539	539
Deferred income	34	23
Other deposits	94	77
Others	206	80
Contingent consideration, measured at fair value (note i)		112
Other payables and other liabilities	¥ 3,881	¥ 3,782

Other Payables and Other Liab_4

Other Payables and Other Liabilities - Summary of Other Payables and Other Liabilities (Parenthetical) (Details) ¥ in Millions	Oct. 31, 2018CNY (¥)
Top of range | Music Content Company
Other Payables And Other Liabilities [Line Items]
Maximum variable consideration	¥ 400

Deferred Revenue - Summary of C

Deferred Revenue - Summary of Contract Liabilities (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2020	Dec. 31, 2019
Contract liabilities [abstract]
Non-current	¥ 78	¥ 67
Current	1,608	1,694
Contract liabilities	¥ 1,686	¥ 1,761

Deferred Revenue - Additional I

Deferred Revenue - Additional Information (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Contract Liabilities [Line Items]
Explanation of when entity expects to recognise transaction price allocated to performance obligations	one year or less
Carried Forward Contract Liabilities
Disclosure Of Contract Liabilities [Line Items]
Revenue recognized	¥ 1,694	¥ 1,431	¥ 978

Business Combination - Addition

Business Combination - Additional Information (Details) ¥ in Millions	Dec. 31, 2020CNY (¥)
Disclosure Of Business Combinations [Line Items]
Equity interests of acquirer	¥ 101
Music Content Company
Disclosure Of Business Combinations [Line Items]
Total aggregate consideration	241
Cash consideration	140
Equity interests of acquirer	¥ 101

Business Combination - Summary

Business Combination - Summary of Amount of Identified Assets Acquired and Liabilities Assumed (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2020	Dec. 31, 2016
Recognized amounts of identifiable assets acquired and liabilities assumed:
Goodwill		¥ 16
Music Content Company
Recognized amounts of identifiable assets acquired and liabilities assumed:
Aggregate Consideration	¥ 241
Fair value of existing interest as an associate of the Group	40
Fair value of non-controlling interest	266
Identifiable Assets Acquired	547
Cash and cash equivalents	40
Accounts and other receivables	90
Intangible assets acquired in business combinations	146
Prepayments, deposits and other assets	104
Deferred revenue	(46)
Other payables and accruals	(73)
Account payable	(21)
Deferred tax liabilities	(35)
Goodwill	342
Identifiable assets acquired (liabilities assumed)	¥ 547

Cash Flow Information - Summary

Cash Flow Information - Summary of Cash Generated from Operations (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from (used in) operating activities [abstract]
Profit before income tax	¥ 4,632	¥ 4,540	¥ 2,003
Adjustments for:
Depreciation and amortization	824	583	369
Impairment provision for investments in associates (Note 16)	4	43	2
Loss allowance for expected credit losses (Note 19)	8	18	3
Non-cash employee benefits expense—share based payments (Note 8)	569	519	487
Non-cash share-based payments arising from issues of ordinary shares to music label partners(Note 21(iii))			1,519
Fair value losses on investments		37	30
Net losses/(gains) in relation to equity investments	(32)	(1)	20
Gain of step-up acquisition arising from business combination (Note 27)	(19)
Share of loss/(profit) of associates and joint ventures (Note 16)	(19)	18	1
Interest income (Note 6)	(622)	(615)	(282)
Fair value change on puttable shares	37	37	35
Interest expense	62	31
Net exchange differences	(2)	(4)	31
Increase in accounts receivable	(520)	(733)	(182)
(Increase)/decrease in inventories	8	9	(4)
Increase in other operating assets	(887)	(175)	(789)
Increase in accounts payable	644	717	780
Increase in other operating liabilities	258	1,164	1,581
Cash generated from operations	¥ 4,945	¥ 6,188	¥ 5,604

Cash Flow Information - Summa_2

Cash Flow Information - Summary of Non-cash Investing and Financing Activities (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2018
Statement Of Non Cash Investing And Financing Activities [Abstract]
Issuance of ordinary shares to music label partners		¥ 1,519
Issuance of ordinary shares for equity investments		¥ 1,027
Equity interests in certain subsidiaries as consideration for business combination (Note 27)	¥ 101

Financial Instruments by Cate_3

Financial Instruments by Category - Summary of Financial Instruments by Category (Details) - IFRS9 - CNY (¥) ¥ in Millions	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Financial Instruments [Line Items]
Financial assets	¥ 42,307	¥ 30,059
Other investments	386	255
Financial assets at fair value through other comprehensive income		4,461
Financial liabilities	11,333	4,967
Notes payable
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	5,175
Accounts Payable
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	3,701	2,559
Other Payables and Other Liabilities
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	2,136	2,261
Lease Liabilities
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	321	147
Trade Receivables
Disclosure Of Financial Instruments [Line Items]
Financial assets	2,800	2,198
Other Receivables
Disclosure Of Financial Instruments [Line Items]
Financial assets	411	213
Short-term Investments
Disclosure Of Financial Instruments [Line Items]
Financial assets		6
Cash And Cash Equivalent
Disclosure Of Financial Instruments [Line Items]
Financial assets	11,128	15,426
Term Deposits
Disclosure Of Financial Instruments [Line Items]
Financial assets	17,811	7,500
Financial Assets at Amortized Cost
Disclosure Of Financial Instruments [Line Items]
Financial assets	32,150	25,337
Financial Assets at Amortized Cost | Trade Receivables
Disclosure Of Financial Instruments [Line Items]
Financial assets	2,800	2,198
Financial Assets at Amortized Cost | Other Receivables
Disclosure Of Financial Instruments [Line Items]
Financial assets	411	213
Financial Assets at Amortized Cost | Cash And Cash Equivalent
Disclosure Of Financial Instruments [Line Items]
Financial assets	11,128	15,426
Financial Assets at Amortized Cost | Term Deposits
Disclosure Of Financial Instruments [Line Items]
Financial assets	17,811	7,500
Financial Assets at Fair Value Through Profit and Loss
Disclosure Of Financial Instruments [Line Items]
Financial assets	386	261
Other investments	386	255
Financial Assets at Fair Value Through Profit and Loss | Short-term Investments
Disclosure Of Financial Instruments [Line Items]
Financial assets		6
Financial Assets at Fair Value Through Other Comprehensive Income
Disclosure Of Financial Instruments [Line Items]
Financial assets	9,771	4,461
Financial assets at fair value through other comprehensive income	¥ 9,771	¥ 4,461

Financial Instruments by Cate_4

Financial Instruments by Category - Additional Information (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2020	Dec. 31, 2019
Other Payables and Other Liabilities
Disclosure Of Financial Instruments [Line Items]
Financial liabilities measured at fair value comprised contingent consideration	¥ 0	¥ 112

Commitments - Summary of Future

Commitments - Summary of Future Minimum Commitments for Non Cancellable Operating Commitments (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Future Minimum Commitments For Non Cancellable Operating Lease [Line Items]
Future minimum commitments for non-cancellable operating commitment	¥ 485	¥ 235
Not later than one year
Disclosure Of Future Minimum Commitments For Non Cancellable Operating Lease [Line Items]
Future minimum commitments for non-cancellable operating commitment	462	233
Later than one year and not later than five years
Disclosure Of Future Minimum Commitments For Non Cancellable Operating Lease [Line Items]
Future minimum commitments for non-cancellable operating commitment	¥ 23	¥ 2

Commitments - Summary of Minimu

Commitments - Summary of Minimum Royalty Payments Under Licensing Agreement (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Minimum Royalty Payments [Line Items]
Minimum royalty payments under licensing agreement	¥ 4,627	¥ 7,217
Not later than one year
Disclosure Of Minimum Royalty Payments [Line Items]
Minimum royalty payments under licensing agreement	3,356	4,513
Later than one year and not later than five years
Disclosure Of Minimum Royalty Payments [Line Items]
Minimum royalty payments under licensing agreement	¥ 1,271	¥ 2,704

Commitments - Additional Inform

Commitments - Additional Information (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2020	Dec. 31, 2019
Disclosure of investment Commitments [Line Items]
Investment commitments	¥ 1,700	¥ 198

Related Party Transactions - Su

Related Party Transactions - Summary of Major Related Parties and Relationships with the Group (Details)	12 Months Ended
	Dec. 31, 2020
Disclosure Of Transactions Between Related Parties [Line Items]
Name of related parties	Relationship with the Group
Tencent Group [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Name of related parties	The Company’s principal owner
ChinaLiterature [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Name of related parties	Tencent’s subsidiary

Related Party Transactions - _2

Related Party Transactions - Summary of Significant Related Party Transaction (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Transactions Between Related Parties [Line Items]
Operation expenses recharged by Tencent Group	¥ 5,576	¥ 4,744	¥ 3,972
Promotion and advertising expenses	2,227	1,823	1,511
Tencent Group [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Operation expenses recharged by Tencent Group	1,082	752	589
Promotion and advertising expenses	440	231	207
Tencent Group [Member] | Online Music Services
Disclosure Of Transactions Between Related Parties [Line Items]
Online music services to Tencent Group (note (i))	277	355	51
Tencent Group [Member] | Online Music Services to Company Associates and Associates of Tencent Group [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Online music services to Tencent Group (note (i))	206	40	18
Tencent Group [Member] | Social Entertainment Services and Others to The Company's Associates and Associates of Tencent Group [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Online music services to Tencent Group (note (i))	213	21	63
Associates
Disclosure Of Transactions Between Related Parties [Line Items]
Content royalties to Tencent Group, the Company's associates and associates of Tencent Group	306	132	88
Other costs to the Company's associates and associates of Tencent Group	¥ 48	¥ 25	¥ 14

Related Party Transactions - _3

Related Party Transactions - Summary of Balances with Related Parties (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2020	Dec. 31, 2019
Tencent Group [Member]
Disclosure Of Balances With Related Parties [Line Items]
Accounts Receivable	¥ 1,993	¥ 1,653
Prepayments, Deposits and Other Assets	39	50
Accounts Payable	763	215
Other Payables and Accruals	237	382
The Company's Associates and Associates of Tencent Group [Member]
Disclosure Of Balances With Related Parties [Line Items]
Accounts Receivable	48	49
Prepayments, Deposits and Other Assets	64	23
Accounts Payable	37	15
Other Payables and Accruals	¥ 46	¥ 19

Related Party Transactions - _4

Related Party Transactions - Summary of Key Management Personnel Compensation (Details) - Key Management Personnel of Entity or Parent - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Transactions Between Related Parties [Line Items]
Short-term employee benefits	¥ 62	¥ 65	¥ 64
Share-based compensation	205	233	223
Key management personnel compensation	¥ 267	¥ 298	¥ 287

Related party transactions - Ad

Related party transactions - Additional Information (Detail) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure of transactions between related parties [line items]
Total minimum guarantee profit	¥ 250
Intangible assets	2,020	¥ 1,622	¥ 1,763
Tencent Group [Member]
Disclosure of transactions between related parties [line items]
Intangible assets	227
Amortisation cost	¥ 34

Contingent Liabilities - Additi

Contingent Liabilities - Additional Information (Details) ¥ in Millions	Dec. 31, 2020CNY (¥)
Disclosure Of Contingent Liabilities In Business Combination [Abstract]
Contingent liabilities amount of damages sought	¥ 47

Events Occurring after the Re_2

Events Occurring after the Reporting Period - Additional Information (Details) ¥ in Millions, $ in Millions, € in Billions	Mar. 28, 2021USD ($)	Dec. 31, 2020CNY (¥)	Jan. 29, 2021EUR (€)	Jan. 15, 2021CNY (¥)
Disclosure Of Nonadjusting Events After Reporting Period [Line Items]
Payments for repurchase of shares | ¥		¥ 134
Shares Repurchase Program
Disclosure Of Nonadjusting Events After Reporting Period [Line Items]
Payments for repurchase of shares | $	$ 50
Maximum repurchase amount | $	$ 1,000
Lazy Audio | Major business combination
Disclosure Of Nonadjusting Events After Reporting Period [Line Items]
Consideration | ¥				¥ 2,700
Investment on equity interest				100.00%
UMG | Investments
Disclosure Of Nonadjusting Events After Reporting Period [Line Items]
Additional investment on equity interest percentage			10.00%
Equity interest percentage held by consortium			20.00%
Equity interests of acquiree | €			€ 30
Percentage of equity interests of aquiree share capital			100.00%
TME | Investments
Disclosure Of Nonadjusting Events After Reporting Period [Line Items]
Investment on equity interest			9.94%