Tencent Music Entertainment (TME) 20-F 26 Apr 22 2021 FY Annual report (foreign) Financial data

Cover Page

Cover Page	12 Months Ended
	Dec. 31, 2021shares
Document Information [Line Items]
Document Type	20-F
Document Period End Date	Dec. 31, 2021
Amendment Flag	false
Document Fiscal Year Focus	2021
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	Unit 3, Building D, Kexing Science Park, Kejizhongsan Avenue
Entity Address, Address Line Two	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
Auditor Name	PricewaterhouseCoopers Zhong Tian LLP
Auditor Location	Shenzhen, the People’s Republic of China
Auditor Firm ID	1424
Business Contact
Document Information [Line Items]
Entity Address, Address Line One	Unit 3, Building D, Kexing Science Park, Kejizhongsan Avenue
Entity Address, Address Line Two	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 [Member]
Document Information [Line Items]
Trading Symbol	TME
Entity Common Stock, Shares Outstanding	3,390,154,264
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	1,675,015,086
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, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Line Items]
Total revenues	¥ 31,244	¥ 29,153	¥ 25,434
Cost of revenues	(21,840)	(19,851)	(16,761)
Gross profit	9,404	9,302	8,673
Selling and marketing expenses	(2,678)	(2,475)	(2,041)
General and administrative expenses	(4,009)	(3,101)	(2,703)
Total operating expenses	(6,687)	(5,576)	(4,744)
Interest income	530	622	615
Other gains, net	553	362	78
Operating profit	3,800	4,710	4,622
Share of net (loss)/profit of investments accounted for using equity method	(47)	19	(18)
Finance costs	(121)	(97)	(64)
Profit before income tax	3,632	4,632	4,540
Income tax expense	(417)	(456)	(563)
Profit for the year	3,215	4,176	3,977
Attributable to:
Equity holders of the Company	3,029	4,155	3,982
Non-controlling interests	186	21	(5)
Profit for the year	¥ 3,215	¥ 4,176	¥ 3,977
Class A And Class B Ordinary Shares [Member]
Earnings per share for Class A and Class B ordinary shares
Basic	¥ 0.91	¥ 1.25	¥ 1.22
Diluted	0.90	1.24	1.19
American Depositary Shares [Member]
Earnings per share for Class A and Class B ordinary shares
Basic	1.82	2.51	2.43
Diluted	¥ 1.80	¥ 2.47	¥ 2.38
Online Music Services [Member]
Income Statement [Line Items]
Total revenues	¥ 11,467	¥ 9,349	¥ 7,152
Social Entertainment Services And Others [Member]
Income Statement [Line Items]
Total revenues	¥ 19,777	¥ 19,804	¥ 18,282

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of comprehensive income [abstract]
Profit for the year	¥ 3,215	¥ 4,176	¥ 3,977
Item that will not be reclassified subsequently to profit or loss
Fair value changes on financial assets at fair value through other comprehensive income	(2,128)	5,219	1,031
Currency translation differences	(397)	(1,363)
Items that may be subsequently reclassified to profit or loss
Currency translation differences	19	77	261
Share of other comprehensive (losses)/income of associates	4	(9)	(1)
Total comprehensive income for the year	713	8,100	5,268
Attributable to:
Equity holders of the Company	527	8,079	5,273
Non-controlling interests	186	21	(5)
Total comprehensive income for the year	¥ 713	¥ 8,100	¥ 5,268

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - CNY (¥) ¥ in Millions	Dec. 31, 2021	Dec. 31, 2020
Non-current assets
Property, plant and equipment	¥ 243	¥ 176
Land use right	1,495
Right-of-use assets	283	311
Intangible assets	2,829	2,020
Goodwill	19,121	17,492
Investments accounted for using equity method	3,599	2,255
Financial assets at fair value through other comprehensive income	7,302	9,771
Other investments	199	349
Prepayments, deposits and other assets	743	956
Deferred tax assets	346	303
Term deposits	4,303	2,953
Total non-current assets	40,463	36,586
Current assets
Inventories	24	18
Accounts receivable	3,610	2,800
Prepayments, deposits and other assets	2,731	2,846
Other investments	37	37
Short-term investments	1,029
Term deposits	12,769	14,858
Cash and cash equivalents	6,591	11,128
Total current assets	26,791	31,687
Total assets	67,254	68,273
Equity attributable to equity holders of the Company
Share capital	2	2
Additional paid-in capital	36,238	35,044
Shares held for share award schemes	(183)	(78)
Treasury shares	(3,660)	(134)
Other reserves	3,726	6,300
Retained earnings	14,194	11,111
Equity attributable to equity holders of the Company	50,317	52,245
Non-controlling interests	738	486
Total equity	51,055	52,731
Non-current liabilities
Notes payable	5,062	5,175
Accounts payable	93	136
Other payables and other liabilities	32	68
Deferred tax liabilities	271	265
Lease liabilities	205	218
Deferred revenue	86	78
Total non-current liabilities	5,749	5,940
Current liabilities
Accounts payable	4,329	3,565
Other payables and other liabilities	3,832	3,881
Current tax liabilities	363	445
Lease liabilities	92	103
Deferred revenue	1,834	1,608
Total current liabilities	10,450	9,602
Total liabilities	16,199	15,542
Total equity and liabilities	¥ 67,254	¥ 68,273

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - CNY (¥) ¥ in Millions	Total	Share Capital [Member]	Additional Paid-In Capital [Member]	Shares Held for Share Award Schemes [Member]	Treasury shares [Member]	Other Reserves [Member]	Retained earnings [Member]	Total Attributable to Equity Holders of the Company [Member]	Non-Controlling Interests [Member]
Beginning 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 income of associates	(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 income of associates	(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
Comprehensive Income
Profit for the year	3,215						3,029	3,029	186
Fair value changes on financial assets at fair value through other comprehensive income	(2,128)					(2,128)		(2,128)
Share of other comprehensive income of associates	4					4		4
Currency translation differences	(378)					(378)		(378)
Total comprehensive income for the year	713					(2,502)	3,029	527	186
Exercise of share options/ Restricted share units("RSUs")	48		659		35	(646)		48
Dividend to non-controlling interests	(3)								(3)
Non-controlling interests arising from business combination	75								75
Share-based compensation - value of employee services	647					647		647
Transfer of gains on disposal of financial instruments to retained earnings						(56)	56
Expiry of put right of puttable ordinary shares	535		535					535
Shares held for share award schemes	(105)			(105)				(105)
Repurchase Of Shares	(3,561)				(3,561)			(3,561)
Additional investment in a non-wholly owned subsidiary	(19)					(19)		(19)
Disposal of a subsidiary	(6)								(6)
Appropriations to statutory reserves						2	(2)
Total transactions with equity holders at their capacity as equity holders for the year	(2,389)		1,194	(105)	(3,526)	(16)	(2)	(2,455)	66
Ending balance at Dec. 31, 2021	¥ 51,055	¥ 2	¥ 36,238	¥ (183)	¥ (3,660)	¥ 3,726	¥ 14,194	¥ 50,317	¥ 738

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities
Cash generated from operations	¥ 5,370	¥ 4,945	¥ 6,188
Interest received	458	577	576
Income taxes paid	(589)	(637)	(564)
Net cash inflow from operating activities	5,239	4,885	6,200
Cash flows from investing activities
Payments for business combinations, net of cash acquired	(2,078)	(540)	(45)
Purchase of property, plant and equipment	(159)	(108)	(95)
Purchase of intangible assets	(1,095)	(393)	(191)
Purchase of land use right	(1,504)
Net proceeds/(placements) from/(to) short term investments	(877)	6	36
Placement of term deposits with initial terms of over three months	(15,153)	(30,643)	(12,050)
Receipt from maturity of term deposits with initial terms of over three months	15,892	20,332	4,550
Proceeds from disposal of subsidiaries	3	15
Proceeds from disposal of investments accounted for as financial assets at fair value through profit or loss or other comprehensive income	363
Payments for acquisition of investments accounted for using equity method	(1,480)	(2,002)	(294)
Payments for acquisition of investments accounted for as financial assets at fair value through profit or loss		(211)
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			(46)
Receipts from repayments of loans to a third party	1	45
Dividend received	88		32
Other investing activities		1	1
Net cash outflow from investing activities	(5,999)	(14,206)	(8,102)
Cash flows from financing activities
Loans from non-controlling interests		10
Proceeds from issuance of ordinary shares			12
Proceeds from exercise of share options	104	163	127
Payments for acquisition of non-controlling interests in non-wholly owned subsidiaries	(19)	(6)	(79)
Shares withheld for share award schemes	(105)	(46)	(31)
Payment for repurchase of ordinary shares	(3,479)	(134)
Dividends paid to non-controlling interests	(3)
Proceeds from issuance of additional equity of non-wholly owned subsidiaries	13		3
Payments for interests	(105)	(15)	(7)
Principal elements of lease payments	(116)	(78)	(56)
Net proceeds from issuance of notes		5,400
Payment for loan from non-controlling interests		(2)
Net cash (outflow)/inflow from financing activities	(3,710)	5,292	(31)
Net decrease in cash and cash equivalents	(4,470)	(4,029)	(1,933)
Cash and cash equivalents at beginning of the year	11,128	15,426	17,356
Exchange differences on cash and cash equivalents	(67)	(269)	3
Cash and cash equivalents at end of the year	¥ 6,591	¥ 11,128	¥ 15,426

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) ¥ in Millions	12 Months Ended
	Dec. 31, 2021CNY (¥)
Statement of cash flows [abstract]
Payments to acquire short-term investments	¥ 5,616
Proceeds From Shortterm Investments	¥ 4,739

General information, organizati

General information, organization and basis of preparation	12 Months Ended
	Dec. 31, 2021
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 Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands. The Company is controlled by Tencent Holdings Limited (“Tencent”), a company incorporated in the Cayman Islands with limited liability and the shares of Tencent are listed on the Main Board of The Stock Exchange of Hong Kong Limited. The Company’s American Depositary Shares (“ADSs”) have been listed on the New York Stock Exchange since December 12, 2018. Each ADS of the Company represents two ordinary shares. 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 had been in place 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 rights to vote on their behalf on all matters of the VIEs requiring shareholder approval under the PRC laws and regulations and the VIEs’ articles of association. The term of this agreement will remain effective as long as the shareholders continue to hold equity interests in the VIEs. (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 rendering any of such services defined 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 mentioned below. (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 enacted 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 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, 2021, 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 Guangzhou Shiyinlian Software Technology Co., Ltd. (“Guangzhou Shiyinlian”) PRC October 2019 100 % Technical support and consulting service 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 Subsidiaries of Variable Interest Entities Tencent Music Entertainment (Shenzhen) Co., Ltd. (“TME Shenzhen”) PRC July 2016* 100 % Online music and entertainment related services Guangxi Hexian Music Co., Ltd. (“Guangxi Hexian”), (formerly known as “Xizang Qiming Music Co., Ltd.”) PRC February 2018 100 % Music content investments and other investments Shenzhen Lanren Online Technology Co., Ltd (“Shenzhen Lanren”) PRC March 2021 100 % Audio platform * 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 RMB4,185 million and RMB4,069 million as at December 31, 2020 and 2021, 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, 2020 and 2021 and for the years ended December 31, 2019, 2020 and 2021 on a combined basis. As at December 31, 2020 2021 RMB’million RMB’million Total current assets 10,700 9,395 Total non-current 7,394 8,722 Total assets 18,094 18,117 Total current liabilities (6,986 ) (6,670 ) Total non-current (393 ) (416 ) Total liabilities (7,379 ) (7,086 ) Year ended December 31, 2019 2020 2021 RMB’million RMB’million RMB’million Total revenues 25,379 29,094 30,949 Net profit/(loss) 1,323 1,625 (209 ) Net cash (outflow)/inflow from operating activities* (182 ) 454 (671 ) Net cash outflow from investing activities (185 ) (1,099 ) (3,554 ) Net cash (outflow)/inflow from financing activities* (34 ) 715 3,462 Net (decrease)/increase in cash and cash equivalents (401 ) 70 (763 ) Cash and cash equivalents, beginning of the year 1,728 1,327 1,397 Cash and cash equivalents, end of the year 1,327 1,397 634 * Amounts previously reported for 2019 and 2020 have been revised and the impact of the revisions of intercompany fund transfers from operating to financing activities, which were eliminated in consolidation of the Company. The amounts of cash flow activities of the Group’s VIEs for the year ended December 31, 2019 and 2020 have been revised to reflect adjustments with decrease of RMB81 million and RMB768 million, respectively, in cash provided by operating activities, increase of RMB81 million and RMB768 million, respectively, in cash provided by financing activities. There is no impact on the previous reported consolidated financial positions and results of operations or cash flows. 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, 2020 and 2021, the total assets of Group’s VIEs mainly consisted of cash and cash equivalents, accounts receivable, prepayments, deposits and other current assets, intangible assets, and land use right, as applicable. As at December 31, 2020 and 2021, 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 and servers. The balances of these assets as at December 31, 2020 and 2021 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, 2021
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) 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, 2021: Amendments to IFRS 9, IAS 39, IFRS 7, IFRS4 and IFRS 16 Interest Rate Benchmark Reform – Phase 2 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, 2021, 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 annual on or after Amendments to IAS 28 and IFRS 10 Sale or contribution of assets between an investor and its associate or joint venture To be determined IAS 16 (amendments) Property, plant and equipment: Proceeds before intended use January 1, 2022 IAS 37 (amendments) Onerous contract - cost of fulfilling a contract January 1, 2022 Amendments to IFRS Annual Improvements to IFRS Standards 2018-2020 Cycle January 1, 2022 Amendments to IFRS 3 Reference to the Conceptual Framework January 1, 2022 IAS 1 (amendments) Classification of Liabilities as Current or Non-current January 1, 2023 IFRS 17 Insurance contracts January 1, 2023 Amendments to IAS 1 and IFRS Practice Statement 2 Disclosure of Accounting Policies January 1, 2023 Amendments to IAS 8 Definition of Accounting Estimates January 1, 2023 Amendments to IAS 12 Deferred Tax related to Assets and Liabilities arising from a Single Transaction January 1, 2023 The Group considers the lease as a single transaction in which the assets and liabilities are integrally linked. There is no net temporary difference at inception. Subsequently, when differences on settlement of the liabilities and the amortisation of right-of-use assets arise, there will be a net temporary difference on which deferred tax is recognized. Upon the effective date of amendments to IAS 12 on 1 January 2023, the Group will need to recognize a deferred tax asset and a deferred tax liability for the temporary differences arising on a lease on initial recognition. 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 t he (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 2.11 whenever there is an indication that the carrying amount may be impaired in accordance with Note 2.12 (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. Construction in progress represents buildings under construction and pending installation and is stated at cost less accumulated impairment losses, if any. Cost includes amortization of land use right and the costs of construction of buildings. No provision for depreciation is made on construction in progress until such time as the relevant assets are completed and ready for intended use. Construction in progress is transferred to property, plant and equipment when completed and ready for use. 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 . Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized in the income statement. 2.8 Land use right Land use right is up-front 2.9 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 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. 2.10 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 . 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 with external parties to produce contents to exhibit on its platforms. Produced contents includes direct production costs, production overheads 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 - 7 years Copyrights 3 - 7 years 2.11 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 2.12 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 s 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 since initial recognition. If a significant increase in credit risk of a deposit or receivable has occurred since initial recognition, the impairment is measured as lifetime expected credit losses. (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. 2.13 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. 2.14 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. 2.15 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 2.12 above). Since these investments’ maturity dates are within one year, they are classified as current assets. 2.16 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. 2.17 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. 2.18 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. 2.19 Borrowings (including notes payable) Borrowings (including notes payable) issued by the Group are recognized 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 recognized in the consolidated income statement over their terms using the effective interest method. Fees paid on the establishment of loan facilities are recognized 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 current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least 12 months after the end of the reporting period. 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, 2021, finance cost capitalised was nil. 2.20 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 and does not give rise to equal taxable and deductible temporary differences. 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 chang

Financial Risk Management

Financial Risk Management	12 Months Ended
	Dec. 31, 2021
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$. Foreign exchange risk arises when future commercial transactions or recognized assets and liabilities are denominated in a currency that is not the respective functional currency of the Group’s subsidiaries. The functional currency of the Company and majority of its overseas subsidiaries is US$ 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. As of December 31, 2021, the Group’s monetary assets that arising from US$ and RMB amounted to RMB million ( million) and RMB million (2020: RMB million), respectively, and the Group’s monetary liabilities that exposed to foreign exchange risk arising from US$ and RMB amounted to RMB 1 million (2020: RMB million) and RMB million (2020: RMB million), respectively. The Group performed sensitivity analysis based on the net exposure to each of the exposure arising from US$ and RMB at end of each reporting period. As of December 31, 2021, the impact on the post-tax profit of the Group arising from a reasonable change in the foreign exchange rates of US$ and RMB is immaterial and therefore no quantitative impact of the sensitivity analysis is presented for foreign exchange risk. (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 2020 and 2021. 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 RMB489 million and RMB365 million (ii) Price risk (Continued) higher/lower, for the years ended December 31, 2020 and 2021, respectively, and profit for the year would have been approximately RMB19 million and RMB12 million higher/lower, for the years ended December 31, 2020 and 2021, 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, 2021 (Note 25), 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 sublicensing, advertising agencies, third parties platforms as well as entities under Tencent, with an appropriate credit history and the Group also performs periodic credit evaluations of these counterparties. Management does not expect any material loss arising from non-performance Customers for contents sublicensing 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 11% of gross accounts receivable, representing 3%, 3%, 2%, 2% and 1% of the gross accounts receivable respectively as at December 31, 2021. Nevertheless , single external customer contributed to more than 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, 2020 and 2021, loss allowance made against the gross amounts of accounts receivable were not significant, accordingly, the provision matrix is not presented. As at December 31, 2021, 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, 2020 and 2021, the Group’s major external borrowings represented the senior unsecured notes issued in September 2020, details of which are disclosed in Note 25. 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, 2021 are million (FY20: RMB92 million), million (FY20: RMB2,326 million) and million (FY20: 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, more than 1 year but within 5 years and over 5 years as at December 31, 2021 are RMB million (FY20: RMB million ), million (FY : RMB million) and RMB17 million (FY20: Nil) 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, 2021 are RMB million (FY20: RMB3,567 million) and RMB million (FY20: RMB150 million) respectively. 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, 2020 and 2021, 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, 2020 and 2021 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, 2020 and 2021, the Group’s financial instruments carried at fair values comprised financial assets at fair value through other comprehensive income (Note 18(a)) stated in the consolidated balance sheets were measured at level 1 hierarchy, while other investments (Note 18(b)) and short-term investments (Note 18(c)) 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 short-term investments During the years ended December 31, 2020 and 2021, 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, represented other investments (Note 18(b)) and short-term investments (Note 18(c)). Movement of the financial liabilities at fair value using level 3 measurements, solely represented contingent considerations resulted from business combination is analyzed as below:

Critical accounting estimates a

Critical accounting estimates and judgments	12 Months Ended
	Dec. 31, 2021
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 impairment test and as a result affect the Group’s financial condition and results of operations. If there is a significant adverse change in the projected performance and resulting future cash flow projections, it may be necessary to take an impairment charge to income statement. (d) Share-based compensation arrangements The Group measures the cost of equity-settled transactions with employees and non-employees (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. (f) Scope of consolidation Consolidation is required only if control exists. The Group controls an investee when it has all the following: (i) power over the investee; (ii) exposure, or rights, to variable returns from its involvement with the investee; and (iii) the ability to use its power over the investee to affect the amount of the Group’s returns. Power results from rights that can be straightforward through voting rights or complicated in contractual arrangements. Variable returns normally encompass financial benefits and risks, but in certain cases, they also include operational values specific to the Group. These three factors cannot be considered in isolation by the Group in its assessment of control over an investee. Where the factors of control are not apparent, significant judgement is applied in the assessment, which is based on an overall analysis performed on all of the relevant facts and circumstances. The Group is required to reassess whether it controls the investee if facts and circumstances indicate a change to one or more of the three factors of control.

Revenue

Revenue	12 Months Ended
	Dec. 31, 2021
Revenue [abstract]
Revenue	5 Revenue During the years ended December 31, 2019, 2020 and 2021, revenue contributed by As at December 2020 and 2021, incremental contract costs related to contracts with customers are not material to the Group. Details of contract liabilities were disclosed in Note 27.

Interest Income

Interest Income	12 Months Ended
	Dec. 31, 2021
Revenue [abstract]
Interest Income	6 Interest Income Interest income mainly represents interest income from bank deposits, including bank balance and term deposits.

Other gains, net

Other gains, net	12 Months Ended
	Dec. 31, 2021
Other Gains Losses [Abstract]
Other gains, net	7 Other gains, net Year ended December 31, 2019 2020 2021 RMB’million RMB’million RMB’million Government grants and tax rebates (note) 132 245 393 Impairment provision for investments in associates (Note 17) (43 ) (4 ) — Gain on step-up — 19 8 Fair value change of investment s (37 ) — 105 Gain/(loss) on disposal of a subsidiary — 32 (10 ) Dividend from investments — — 27 Others 26 70 30 78 362 553 Note: There are no unfulfilled conditions or contingencies related to these subsidies.

Expense by nature

Expense by nature	12 Months Ended
	Dec. 31, 2021
Default Root [Abstract]
Expense by nature	8 Expense by nature Year ended December 31, 2019 2020 2021 RMB’million RMB’million RMB’million Service costs (note i) 14,967 17,478 18,992 Advertising agency fees 233 505 667 Employee benefits expenses (note ii and note iii) 2,527 3,004 3,915 Promotion and advertising expenses 1,823 2,227 2,387 Notes: (i) Service costs mainly comprised licensing costs, revenue sharing fees paid to content creators and content delivery costs that primarily consisted of server, cloud services and bandwidth costs. (ii) During the years ended December 31, 2019, 2020 and 2021, the Group incurred expenses for the purpose of research and development of approximately RMB1,159 million, RMB1,667 million and RMB2,339 million, which comprised employee benefits expenses of RMB1,012 million, RMB1,488 million and RMB2,050 , (iii) Employee benefits expenses Year ended December 31, 2019 2020 2021 RMB’million RMB’million RMB’million Wages, salaries and bonuses 1,616 2,020 2,518 Welfare, medical and other expenses 295 373 453 Share-based compensation expenses 519 569 752 Contribution to pension plans 97 42 192 2,527 3,004 3,915 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 and caps imposed. These contributions are paid to the respective labor and social welfare authorities and are expensed as incurred.​​​​​​​

Finance costs

Finance costs	12 Months Ended
	Dec. 31, 2021
Finance Cost [Abstract]
Finance costs	9 Finance costs Year ended December 31, 2019 2020 2021 RMB’million RMB’million RMB’million Interest and related expenses 68 99 120 Exchange (gains)/losses (4 ) (2 ) 1 64 97 121

Taxation

Taxation	12 Months Ended
	Dec. 31, 2021
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% , 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 a to preferential tax rate of for the years ended December 31, 2019, 2020 and 2021. Guangzhou Kugou has also been recognized as HNTE by the relevant government authorities and was entitled to a preferential tax rate of 15% for the years ended December 31, 2019 and 2020. For the year ended December 31, 2021, Guangzhou Kugou was under the unified CIT rate of % . 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). Yeelion Online and TME Tech Shenzhen were further qualified as KSE and entitled to a preferential tax rate of % for the year ended December 31, 2019. For the years Yeelion Online and Furthermore, the Group also has certain subsidiaries subject to other preferential tax treatment for certain reduced tax rates ranging from t The income tax expense of the Group is analyzed as follows: Year ended December 31, 2019 2020 2021 RMB’million RMB’million RMB’million Current income tax 703 634 530 Deferred income tax (note b) (140 ) (178 ) (113 ) Total income tax expense 563 456 417 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, 2019, 2020 and 2021, being the tax rate of the major subsidiaries of the Group before enjoying preferential tax treatments, as follows: Year ended December 31, 2019 RMB’million 2020 RMB’million 2021 RMB’million Profit before income tax expense 4,540 4,632 3,632 Tax calculated at a tax rate of 25% 1,135 1,158 908 Effects of different tax rates applicable to different subsidiaries of the Group (36 ) 34 29 Effects of tax holiday on assessable profit of certain subsidiaries (88 ) (214 ) (34 ) Effects of preferential tax rate on assessable profit of certain subsidiaries (556 ) (631 ) (664 ) Expense not deductible for tax purposes 133 82 191 Income not subject to tax — — (3 ) Unrecognized deferred income tax assets 16 46 27 Utilization of previously unrecognized tax assets (50 ) (11 ) (38 ) Others 9 (8 ) 1 563 456 417 The aggregate amount and per share effect of the tax holiday are as follows: Year ended December 31, 2019 RMB’million 2020 RMB’million 2021 RMB’million Effects of tax holiday on assessable profit of certain subsidiaries 88 214 34 Per ordinary share effect—basic 0.03 0.06 0.01 Per ordinary share effect—diluted 0.03 0.06 0.01 The Group’s profit before tax consists of: Year ended December 31, 2019 RMB’million 2020 RMB’million 2021 RMB’million Non-PRC 470 (4 ) (5 ) PRC 4,070 4,636 3,637 4,540 4,632 3,632 (b) Deferred income tax As at December 31, 2020 2021 RMB’million RMB’million The deferred tax assets comprise temporary differences attributable to: Prepayment and other investments 105 134 Deferred revenue 55 83 Accruals 136 118 Deemed distribution arising from carve out of Tencent Music Business 8 5 Others 4 10 Total deferred tax assets 308 350 Set-off set-off (5 ) (4 ) Net deferred tax assets 303 346 The deferred tax liabilities comprise temporary differences attributable to: Intangible assets acquired in business combinations 270 275 Total deferred tax liabilities 270 275 Set-off set-off (5 ) (4 ) Net deferred liabilities 265 271 The recovery of deferred income tax: As at December 31, 2020 2021 RMB’million RMB’million Deferred tax assets: to be recovered after more than 12 months 38 48 to be recovered within 12 months 265 298 303 346 Deferred tax liabilities: to be recovered after more than 12 months 203 201 to be recovered within 12 months 62 70 265 271 The movements of deferred income tax assets were as follows: Prepayment and other investments Deferred revenue Accruals Others Total RMB’million RMB’million RMB’million RMB’million RMB’million At January 1, 2020 61 46 74 19 200 Credited/(charged) to 44 9 62 (7 ) 108 At December 31, 2020 105 55 136 12 308 Credited/(charged) to income statement 29 28 (18 ) 3 42 At December 31, 2021 134 83 118 15 350 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, 2020 and 2021, the Group did not recognize deferred income tax assets of RMB96 million and The movements of deferred income tax liabilities were as follows: Intangible assets RMB’million At January 1, 2020 305 Credited to income statement (70 ) Business combinations 35 At December 31, 2020 270 Credited to income statement (71 ) Business combinations (Note 28) 76 At December 31, 2021 275

Earnings per share

Earnings per share	12 Months Ended
	Dec. 31, 2021
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). The following table sets forth the computation of basic and diluted earnings per share: Year ended December 31, 2019 2020 2021 RMB’million RMB’million RMB’million Earnings Net income attributable to equity holders of the Company 3,982 4,155 3,029 Number of shares Shares Weighted average ordinary shares outstanding, used in computing basic earnings per share 3,272,754,403 3,313,527,847 3,321,067,177 Dilution effect- adjustments for share options and RSUs 74,817,935 46,932,912 41,978,580 Shares used in computing diluted earnings per share 3,347,572,338 3,360,460,759 3,363,045,757 RMB RMB RMB Basic earnings per share for Class A and Class B ordinary shares 1.22 1.25 0.91 Diluted earnings per share for Class A and Class B ordinary shares 1.19 1.24 0.90 Basic earnings per ADS 2.43 2.51 1.82 Diluted earnings per ADS 2.38 2.47 1.80 Note: One ADS represented two Class A ordinary shares of the Company. For the years ended December 31, 2019, 2020 and 2021, certain share options, certain RSU and puttable shares that were anti-dilutive and being excluded from the calculation of diluted earnings per share were immaterial on a weighted average basis.

Property Plant And Equipment

Property Plant And Equipment	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about property, plant and equipment [abstract]
Property Plant And Equipment	12 Property, plant and equipment Servers and Leasehold improve -ments Office furniture, equipment and others Total RMB ’million RMB ’million RMB ’million RMB ’million At January 1, 2020 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 combinations 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 Year ended December 31, 2021 Opening net book amount 111 24 41 176 Additions 32 81 79 192 Business combinations 1 — 1 2 Disposals (1 ) (6 ) (21 ) (28 ) Depreciation charge (59 ) (19 ) (21 ) (99 ) Closing net book amount 84 80 79 243 At December 31, 2021 Cost 344 137 128 609 Accumulated depreciation (260 ) (57 ) (49 ) (366 ) Net book amount 84 80 79 243 During the years ended December 31, 2019, 2020 and 2021, depreciation was charged to the consolidated income statements as follows: Year ended December 31, 2019 2020 2021 RMB’million RMB’million RMB’million Cost of revenues 64 74 66 Selling and marketing expenses 1 1 — General and administrative expenses 23 26 33 88 101 99

Land use right

Land use right	12 Months Ended
	Dec. 31, 2021
Disclosure Of Quantitative Information About Land Use Right [Abstract]
Land use right	13 Land use right Year ended December 31, 2020 2021 RMB’million RMB’million Net book amount at January 1 — — Additions — 1,504 Amortization charge — (9 ) Net book amount at December 31 — 1,495 The land use right mainly represents prepaid operating lease payments in respect of land in the Mainland of China with remaining lease period of 40 years.

Right-of-Use Assets

Right-of-Use Assets	12 Months Ended
	Dec. 31, 2021
Disclosure of quantitative information about right-of-use assets [abstract]
Right-of-Use Assets	14 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, 2020 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 Inception of new leases 117 — 117 Depreciation charge (122 ) (1 ) (123 ) Disposal (22 ) — (22 ) Net book amount at December 31, 2021 282 1 283 During the years ended December 31, 2020 and 2021, interest expense of RMB9 million and RMB15 million arising from lease liabilities was included in finance costs. 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, and expense related to short-term leases of RMB295 million and RMB36 million were included in cost of revenues and expenses during the year ended D ece 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 total cash outflow in financing activities for leases in 2021 was RMB130 million, including principal elements of lease payments of approximately RMB116 million and related interest paid of approximately RMB14 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, 2020 and 2021, net temporary difference arose on settlement of the liability and the amortization of the leased asset on which deferred tax was immaterial. During the years ended December 31, 2020 and 2021, the leases of low value items were immaterial and there were no lease with variable lease payment.

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about intangible assets [abstract]
Intangible Assets	15 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, 2020 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 combinations — 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 Year ended December 31, 2021 Opening net book amount 821 1,030 109 4 18 38 2,020 Additions — 1,036 — — — 28 1,064 Business 217 112 — 19 5 171 524 Amortization charge (132 ) (517 ) (52 ) (7 ) (5 ) (66 ) (779 ) Closing net book amount 906 1,661 57 16 18 171 2,829 At December 31, 2021 Cost 1,557 2,672 335 204 161 357 5,286 Accumulated amortization (651 ) (1,011 ) (278 ) (188 ) (143 ) (186 ) (2,457 ) Net book amount 906 1,661 57 16 18 171 2,829 During the years ended December 31, 2019, 2020 and 2021, amortization was charged to the consolidated income statements as follows: Year ended December 31, 2019 2020 2021 RMB’million RMB’million RMB’million Cost of revenues 239 434 577 Selling and marketing expenses 42 41 19 General and administrative expenses 153 162 183 434 637 779

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2021
Changes in goodwill [abstract]
Goodwill	16 Goodwill Year ended December 31, 2020 2021 RMB’million RMB’million At January 1 17,140 17,492 Business combinations 352 1,641 Disposals — (12 ) At December 31 17,492 19,121 For the purpose of goodwill impairment tests, goodwill was allocated to the group of CGUs that below the level of operating segment of the Group. Goodwill of approximately RMB17.8 billion, mainly arose from the Merger in 2016 (Note 1.1) and the acquired long-form audio company (Note 28(a)) was allocated to the related online music and social entertainment operations acquired and certain other business acquired. The Group carries out its impairment testing on goodwill by comparing the recoverable amounts of CGUs or groups of CGUs to their carrying amounts. The recoverable amount of a CGU (or groups of CGUs) is the higher of its fair value less costs of disposal and its value in use. For online music and social entertainment operations as stated above, value in use using discounted cash flows was calculated based on five-year financial projections with a annual revenue growth of not more than 5% plus a terminal value related to cash flows beyond the projection period extrapolated at an estimated terminal growth rate of not more than 3% (2020: not more than 3%). Pre-tax discount rate of growth of not more than 26% plus an estimated terminal growth rate of not more than 3% (2020: not more than 3%). Pre-tax discount rates of 16.0% (2020: ranging from 15.0% %) were applied, which reflected assessment of time value and specific risks relating to the industries that the Group operates in. Management leveraged their experiences in the industries and provided forecast based on past performance and their anticipation of future business and market developments. Management has not identified reasonably possible change in key assumptions that could cause carrying amounts of the above CGUs (or groups of CGUs) to exceed the recoverable amounts as material headroom resulted from the impairment reviews over their respective carrying amounts. No impairment is recognized for the years ended December 31, 2020 and 2021.

Investments accounted for using

Investments accounted for using equity method	12 Months Ended
	Dec. 31, 2021
Investments Accounted For Using Equity Method
Investments accounted for using equity method	17 Investments accounted for using equity method As at December 31, 2020 2021 RMB’million RMB’million Investments in associates 2,196 3,522 Investments in joint ventures 59 77 2,255 3,599 Year ended December 31, 2019 2020 2021 RMB’million RMB’million RMB’million Share of (loss)/profit of investments accounted for using equity method: Associates (9 ) 23 (45 ) Joint ventures (9 ) (4 ) (2 ) (18 ) 19 (47 ) Movement of investments in associates and joint ventures is analyzed as follows: Year ended December 31, 2020 2021 RMB’million RMB’million At January 1 489 2,255 Additions (note i) 1,923 1,550 Business combinations 4 — Share of profit/(loss) 19 (47 ) Share of other comprehensive (losses)/income (9 ) 4 Step acquisition accounted for as business combination (21 ) (26 ) Impairment provision (note ii) (4 ) — Currency translation differences (146 ) (60 ) Dividend received — (77 ) At December 31 2,255 3,599 Notes: (i) In January 2021, the Group completed the additional investment in certain equity interests in a consortium, Concerto Partners LLC (“Concerto”), which is led by Tencent to acquire an additional (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 their financial positions, business performances and market capitalization. During the year ended December 31, 2020, the impairment losses recogni z 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, 2021
Disclosure of financial assets [abstract]
Financial Assets at Fair Value	18 Financial assets at fair value (a) Financial assets at fair value through other comprehensive income As at December 31, 2020 and 2021, the Group’s financial assets at fair value through other comprehensive income mainly represented its equity investment in Spotify Technology S.A. (“Spotify”) which has been listed on the New York Stock Exchange since April 2018, and Warner Music Group Corp (“WMG”), which has been listed on the NASDAQ Exchange since June 2020. Movement of financial assets at fair value through other comprehensive income is analyzed as follows: Year ended December 31, 2020 2021 RMB’million RMB’million Listed equity investments At January 1 4,461 9,771 Additions 708 — Disposal — (163 ) Fair value change 5,219 (2,128 ) Currency translation differences (617 ) (178 ) At December 31 9,771 7,302 (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, 2020 2021 RMB’million RMB’million At January 1 255 386 Additions 132 — Fair value change — 53 Disposal (1 ) (200 ) Currency translation differences — (3 ) At December 31 386 236 Of which are: Current 37 37 Non-current 349 199 386 236 (c) Short-term investments Short-term investments represent investments issued by commercial banks in the PRC with a variable return and accounted for as financial assets at fair value through profit or loss. Movement of short-term investments is analyzed as follows:​​​​​​​ Year ended December 31, 2020 2021 RMB’million RMB’million At January 1 6 — Additions — 5,616 Business combinations — 100 Fair value change — 52 Disposal (6 ) (4,739 ) At December 31 — 1,029

Prepayments deposits and other

Prepayments deposits and other assets	12 Months Ended
	Dec. 31, 2021
Prepayments Deposits And Other Assets [Abstract]
Prepayments deposits and other assets	19 Prepayments, deposits and other assets As at December 31, 2020 2021 RMB’million RMB’million Included in non-current Prepaid contents royalties 956 743 956 743 Included in current assets Prepaid contents royalties 1,882 1,755 Value-added tax recoverable 149 136 Prepaid vendors deposits and other receivables 484 404 Prepaid promotion and other expenses 239 329 Receivable from Tencent (Note 32(b)) 39 51 Others 53 56 2,846 2,731

Accounts receivable

Accounts receivable	12 Months Ended
	Dec. 31, 2021
Trade And Other Receivables [Abstract]
Accounts receivable	20 Accounts receivable As at December 31, 2020 2021 RMB’million RMB’million Accounts receivable 2,814 3,630 Less: loss allowance for expected credit losses (14 ) (20 ) Accounts receivable, net 2,800 3,610 Ageing analysis of the accounts receivable based on invoice date: Up to 3 months 2,490 2,804 3 to 6 months 165 321 Over 6 months 159 505 2,814 3,630 The loss allowances for accounts receivable as at December 31, 2020 and 2021 reconciled to the opening loss allowances as follows: Year ended December 31, 2020 2021 RMB’million RMB’million At January 1 11 14 Provision for loss allowance recognized in income statement 8 9 Receivables written off during the year as uncollectible (5 ) (3 ) At December 31 14 20

Term deposits and cash and cash

Term deposits and cash and cash equivalents	12 Months Ended
	Dec. 31, 2021
Deposits From Banks [Abstract]
Term deposits and cash and cash equivalents	21 Term deposits and cash and cash equivalents (a) Term deposits As at December 31, 2020 and 2021, the Group’s term deposits were denominated in RMB and US $ As at December 31, 2020 and 2021, 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, 2020 2021 RMB’million RMB’million Cash at bank 11,108 6,591 Term deposits with initial terms within three months 20 — 11,128 6,591

Share capital

Share capital	12 Months Ended
	Dec. 31, 2021
Equity [abstract]
Share capital	22 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, 2019 (US$0.000083 par value; 4,800,000,000 shares authorized) 3,265,986,486 2 33,776 — — Issuance of ordinary shares (note i) 280,512 — 12 — — Employee share award schemes -value of employee service — — 637 — — -Shares held for share award schemes (note ii) — — — (31 ) — -Shares allotted and issued 88,798,940 — — — — Balance December 31, 2019 (US$0.000083 par value; 4,800,000,000 shares authorized) 3,355,065,938 2 34,425 (31 ) — Employee share award schemes -value of employee service — — 619 — — -Shares held for share award schemes (note ii) — — — (47 ) — -Shares allotted and issued for share award schemes (note iii) 30,077,800 — — — — Repurchase of ordinary shares (note iv) — — — — (134 ) Balance December 31, 2020 (US$0.000083 par value; 4,800,000,000 shares authorized) 3,385,143,738 2 35,044 (78 ) (134 ) Expiry of put right of puttable ordinary shares (Note 26 (ii)) — — 535 — — Employee share award schemes -value of employee service — — 659 — 35 -Shares held for share award schemes (note ii) — — — (105 ) — Issuance of ordinary shares 5,010,526 — — — — Repurchase of ordinary shares (note iv) — — — — (3,561 ) Balance December 31, 2021 (US$0.000083 par value; 4,800,000,000 shares authorized) 3,390,154,264 2 36,238 (183 ) (3,660 ) As at December 31, 2020 and 2021, analysis of the Company’s issued shares is as follows: As at December 31, 2020 As at December 31, 2021 Number of issued shares Share capital RMB’million Number of issued shares Share capital RMB’million Class A ordinary shares 1,670,004,560 1 1,675,015,086 1 Class B ordinary shares 1,715,139,178 1 1,715,139,178 1 3,385,143,738 2 3,390,154,264 2 * All issued shares are fully paid as at December 31, 2020 and 2021. (i) 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. (ii) During the years ended December 31, 2019, 2020 and 2021, the Share Scheme Trust withheld 617,634, 1,046,852 and 1,878,732 Class A ordinary shares of the Company for an amount of approximately RMB31 million, RMB47 million and RMB105 million which had been deducted from the equity. (iii) As at December 31, 2019, 2020 and 2021, 31,310,524, 35,763,090 and 16,297,722 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. (iv) 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 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. In March 2021, the board of directors of the Company 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 ADSs, the first half has completed during a twelve-month period commencing on March 29, 2021 while the second half is approved to perform during a twelve-month period commencing on December 15, 2021. During the year ended December 31, 2021, the Company repurchased 49,046,329 ADSs from the open market, at an aggregate consideration of approximately US$553 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, 2021
Disclosure of reserves within equity [abstract]
Other Reserves	23 Other reserves Share-based compensation reserve RMB’million Contribution from ultimate holding company RMB’million 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, 2019 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-based compensation reserve RMB’million Contribution from ultimate holding company RMB’million PRC statutory reserve RMB’million Foreign currency translation reserve RMB’million Fair value reserve RMB’million Others RMB’million Total other reserves RMB’million 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 Currency translation differences — — — (378 ) — — (378 ) Fair value changes on financial assets at fair value through other comprehensive income — — — — (2,128 ) — (2,128 ) Share-based compensation reserve RMB’million Contribution from ultimate holding company RMB’million PRC statutory reserve RMB’million Foreign currency translation reserve RMB’million Fair value reserve RMB’million Others RMB’million Total other reserves RMB’million Transfer of gains on disposal of financial instruments to retained earnings — — — — (56 ) — (56 ) Share of other comprehensive losses of associates — — — — — 4 4 Share based compensation 647 — — — — — 647 Exercise of share options/RSU (646 ) — — — — — (646 ) Additional investments in a non-wholly owned subsidiary — — — — — (19 ) (19 ) Profit appropriations to PRC statutory reserves — — 2 — — — 2 At December 31, 2021 1,611 463 147 (952 ) 3,391 (934 ) 3,726

Share Based Compensation

Share Based Compensation	12 Months Ended
	Dec. 31, 2021
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Share Based Compensation	24 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 Merger. According to the 2014 Share Incentive Plan, ordinary shares have been reserved to be issued to any qualified employees, directors, non-employee directors, and consultants as determined by the board of directors of the Company. The options will be exercisable only if option holder continues employment or provides services through each vesting date. The maximum term of any issued stock option is ten years from the grant date. Some granted options follow the first category vesting schedule, one-fourth one-eighth one-fourth anniversary of the grant date and one-sixteenth all options shall vest upon the first anniversary of the grant date, and in the event of the Company’s completion of an IPO. 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 options (US$) (US$) 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 — — — Outstanding as at January 1, 2021 5,983,900 0.23 1.93 Exercised (2,992,122 ) 0.24 1.92 Forfeited — — — Outstanding as at December 31, 2021 2,991,778 0.22 1.94 Vested and expected to vest as at December 31, 2021 2,991,778 0.22 1.94 Exercisable as at December 31, 2021 2,991,778 0.22 1.94 Non vested as at December 31, 2021 — — — The weighted average price of the shares at the time these options were exercised was US$7.46 per share (equivalent to approximately RMB47.54), US$6.76 per share (equivalent to approximately RMB43.08) and US$9.90 per share (equivalent to approximately RMB63.07) during the years ended December 31, 2019, 2020 and 2021 . Share options outstanding at the end of the year have the following expiry date and exercise prices: Grant Date Expiry date Exercise price Share options December 31, 2020 Share options December 31, 2021 March 1, 2015 February 28, 2025 US$ 0.000076 278,801 192,800 March 1, 2015 February 28, 2025 US$ 0.27 50,000 — March 1, 2015 February 28, 2025 US$ 0.000076 460,220 292,744 March 1, 2015 February 28, 2025 US$ 0.27 417,410 179,020 March 30, 2015 March 29, 2025 US$ 0.27 700,882 403,284 October 1, 2015 September 30, 2025 US$ 0.27 125,100 63,760 December 31, 2015 December 30, 2025 US$ 0.27 599,658 196,016 March 1, 2016 February 28, 2026 US$ 0.27 107,889 50,746 March 31, 2016 March 30, 2026 US$ 0.27 98,938 72,634 June 30, 2016 June 29, 2026 US$ 0.000076 81,638 — June 30, 2016 June 29, 2026 US$ 0.27 3,063,364 1,540,774 Total 5,983,900 2,991,778 Weighted average remaining contractual life of options outstanding at end of period: 5.01 3.97 (ii) 2017 Restricted Share Scheme and 2017 Option Plan Followed the completion of the Merger, 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 the one-fourth one-fourth Movements in the number of RSUs for the years ended December 31, 2019, 2020 and 2021 are as follows: Number of awarded shares Year ended December 31, 2019 2020 2021 Outstanding as at January 1 13,724,100 26,659,516 41,011,362 Granted 19,567,514 24,156,236 19,136,384 Vested (5,700,520 ) (7,732,794 ) (13,096,270 ) Forfeited (931,578 ) (2,071,596 ) (3,323,378 ) Outstanding as at December 31 26,659,516 41,011,362 43,728,098 Expected to vest as at December 31 24,377,060 37,672,420 39,425,569 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, 2019, 2020 and 2021 was US$7.07 per share (equivalent to approximately RMB45.05 per share), US$6.68 per share (equivalent to approximately RMB42.57 per share) and US$5.82 per share (equivalent to approximately RMB37.06 per share), respectively. Share options granted are generally subject to a four batches vesting schedule as determined by the board of directors upon One-fourth one-fourth Number of Weighted- average exercise price Weighted- average grant date fair value 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 Outstanding as at January 1, 2021 21,151,186 4.45 2.68 Granted 8,543,982 5.54 2.81 Exercised (4,360,740 ) 1.92 2.26 Forfeited (541,488 ) 5.70 2.90 Outstanding as at December 31, 2021 24,792,940 5.24 2.79 Vested and expected to vest as at December 31, 2021 23,552,634 5.21 2.79 Exercisable as at December 31, 2021 9,580,612 4.00 2.64 Non vested as at December 31, 2021 15,212,328 6.03 2.88 The weighted average price of the shares at the time these options were exercised was US$6.79 per share (equivalent to approximately RMB43.27), US$7.66 per share (equivalent to approximately RMB48.81) and US$9.52 per share (equivalent to approximately RMB60.68) during the years ended December 31, 2019, 2020 and 2021, respectively. The fair value of share options were valued using the Binomial option-pricing model. Assumptions used in the Binomial option-pricing model are presented below: Granted in 2019 2020 2021 Risk free interest rate 2.08% 0.71%-0.91% 1.22%-1.63% Expected dividend yield 0% 0% 0% Expected volatility 40% 40%-42.5% 43.5%-50% Exercise multiples 2.2-2.8 2.2-2.8 2.2-2.8 Contractual life 10 years 10 years 10 years Share options outstanding at the end of the year have the following expiry date and exercise prices: Share options as at December 31, Grant Date Expiry date Exercise price 2020 2021 June 16, 2017 June 15, 2027 US$ 2.32 2,738,756 1,433,720 August 31, 2017 August 30, 2027 US$ 0.27 2,748,802 1,271,442 December 20, 2017 December 19, 2027 US$ 2.32 3,973,756 2,836,672 April 16, 2018 April 15, 2028 US$ 4.04 650,000 325,000 October 17, 2018 October 16, 2028 US$ 7.14 4,667,500 4,460,000 June 14, 2019 June 13, 2029 US$ 7.05 1,637,002 1,621,618 June 12, 2020 June 11, 2030 US$ 6.20 4,285,570 4,093,832 August 15, 2020 August 14, 2030 US$ 7.56 208,790 208,790 October 15, 2020 October 14, 2030 US$ 7.17 71,930 71,930 December 15, 2020 December 14, 2030 US$ 9.53 169,080 169,080 May 15, 2021 May 14, 2031 US$ 7.61 — 1,262,240 July 15, 2021 July 14, 2031 US$ 6.37 — 148,130 July 30, 2021 July 29, 2031 US$ 5.29 — 6,327,742 September 15, 2021 September 14, 2031 US$ 4.24 — 254,952 December 15, 2021 December 14, 2031 US$ 3.32 — 307,792 Total 21,151,186 24,792,940 Weighted average remaining contractual life of options outstanding at end of year: 7.74 7.84 (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 or any employees of Tencent Group transferred to the Group. No new grant to the employees of the Group by Tencent during the years ended December 31, 2019, 2020 and 2021. 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 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 For the share options of Tecent relevant to the Group, as at December 31, 2021, the average exercise price was HK$209.78 (December 31, a was HK$64.83 (December 31, 2020: HK$69.29). The fair values of employee stock options were valued using the Binomial option-pricing model. For the awarded shares , as at December 31, 2021 , the fair value of the awarded shares was calculated based on the market price of the Tencent’s shares at the respective grant 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 the 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, 2020 and 2021, the Expected Retention Rate of the Group was assessed to be 87%-95%.

Notes payable

Notes payable	12 Months Ended
	Dec. 31, 2021
Borrowings [abstract]
Disclosure of borrowings [text block]	25 Notes payable As at December 31, 2020 RMB’million 2021 RMB’million Included in non-current Notes payable 5,175 5,062 5,175 5,062 In September 2020, 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) Carrying (RMB’million) Interest Rate Due 2025 Notes 300 1,945 1,903 1.375 % 2025 2030 Notes 500 3,230 3,159 2.000 % 2030 800 5,175 5,062 Notes payable issued by the Company were recognized initially at fair value and subsequently carried at amortized cost. As at December 31, 2020 and 2021, 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, 2021
Other Payables And Other Liabilities [Abstract]
Other Payables and other liabilities	26 Other payables and other liabilities As at December 31, 2020 RMB’million 2021 RMB’million Included in non-current Government grants 2 2 Deferred income 66 30 68 32 Included in current liabilities Dividend payable 12 12 Accrued expenses (note i) 2,717 3,133 Advances from customers 68 85 Investment payables 74 28 Other tax liabilities 137 131 Present value of liability of puttable shares (Note ii) 539 — Deferred income 34 34 Share repurchase payables — 82 Other deposits 94 99 Others 206 228 3,881 3,832 Notes: (i) Accrued expenses mainly comprise payroll and welfare, advertising and marketing, short-term lease rental and other operating expenses. (ii) 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 Upon the issuance, the present value of the estimated outflows of cash in relation to the Put Right of approximately US$67 million (equivalent to approximately RMB437 million) was recognized as a liability and subsequently measured at fair value. The residual balance of approximately US$56 million (equivalent to approximately RMB365 million) is accounted for as an equity-settled share-based compensation and recognized in equity. In January 2021, the Put Right expired and a carrying amount of RMB535 million of the relevant liability was derecognized and reclassified to equity accordingly (Note 22).

Deferred revenue

Deferred revenue	12 Months Ended
	Dec. 31, 2021
Disclosure Of Deferred Revenue [Abstract]
Deferred revenue	27 Deferred revenue As at December 31, 2020 2021 RMB’million RMB’million Non-current 78 86 Current 1,608 1,834 1,686 1,920 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, 2020 and 2021. Revenue recognized for the years ended December 31, 2019, 2020 and 2021 related to carried-forward contract liabilities amounted to RMB1,431 million, RMB1,694 million and RMB1,608 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 Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about business combination [abstract]
Business Combinations	28 Business Combinations (a) Acquisition of a long-form audio company In March 2021, the Company acquired 100% of the equity interest of a long-form audio company. The total consideration of the acquisition comprised: (i) an aggregate amount of million to be settled unconditionally in cash, and (ii) cash of million and the Company’s RSUs of RMB216 million to be settled in several tranches in subsequent years, subject to fulfillment of certain conditions related to certain employee’s continuing employment post acquisition (“Contingent Consideration”). The Contingent Consideration is accounted for as post-acquisition employment compensation expenses. The acquisition is expected to help accelerate the growth of the Group’s long-form audio business. Goodwill arising from the acquisition was attributable to an increased share of the long-form audio market of China. The goodwill recognized was not deductible for income tax purpose. (a) Acquisition of a long-form audio company (Continued) The following table summarizes the amount of identifiable assets acquired and liabilities assumed at the acquisition date. RMB’million Purchase consideration 2,231 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and cash equivalents 196 Short-term investment 100 Accounts receivable 30 Intangible assets 496 Prepayments, deposits and other assets 7 Deferred revenue (53 ) Other payables and accruals (30 ) Accounts (22 ) Deferred tax liabilities (73 ) Goodwill 1,580 2,231 The revenue and the results contributed by the acquiree to the Group subsequent to the acquisition were insignificant. The Group’s revenue and results for the year would not be materially different should the acquisition had occurred on January 1, 2021. Transaction costs were not significant and were charged to general and administrative expenses in the consolidated income statement during the year ended December 31, 2021. (b) Other business combination During the year ended 31 December 2021, the Group made an step-up acquisition from an existing associate to a subsidiary for consideration of RMB32 million. The revenue and the results contributed by the acquired subsidiary subsequent to the acquisition was insignificant to the Group. The Group’s revenue and results for the year would not be materially different should these acquisitions had occurred on 1 January 2021.

Cash flow information

Cash flow information	12 Months Ended
	Dec. 31, 2021
Disclosure Of Cash Flow Information [Abstract]
Cash flow information	29 Cash flow information (a) Cash generated from operations 2019 2020 2021 RMB’million RMB’million RMB’million Profit before income tax 4,540 4,632 3,632 Adjustments for: Depreciation and amortization 583 824 1,001 Impairment provision for investments in associates (Note 17) 43 4 — Loss allowance for expected credit losses (Note 20) 18 8 9 Non-cash 519 569 647 Fair value losses /(gains) 37 — (105 ) Net (gains)/ (1 ) (32 ) 10 Dividend income (Note 7) — — (27 ) Gain of step-up 7 — (19 ) (8 ) Share of loss/(profit) of associates and joint ventures (Note 17) 18 (19 ) 47 Interest income (Note 6) (615 ) (622 ) (530 ) Fair value change on puttable shares 37 37 — Interest expense 31 62 120 Net exchange differences (4 ) (2 ) 1 Increase in accounts receivable (733 ) (520 ) (769 ) Decrease/(increase) 9 8 (6 ) ( )/decrease (175 ) (887 ) 408 Increase in accounts payable 717 644 631 Increase in other operating liabilities 1,164 258 309 Cash generated from operations 6,188 4,945 5,370 (b) Non-cash 2019 2020 2021 RMB’million RMB’million RMB’million Equity — 101 — (c) Net cash reconciliation The net cash reconciliation related to financing activities mainly comprised cash and cash equivalents, lease liabilities and notes payable which have been disclosed in the consolidated statements of cash flows, Note 14 and Note 25

Financial instruments by catego

Financial instruments by category	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about financial instruments [abstract]
Financial instruments by category	30 Financial instruments by category The Group holds the following financial instruments: Financial at amortized Financial assets at fair value through profit and loss Financial assets at fair value through other comprehensive income Total Financial assets RMB’million RMB’million RMB’million RMB’million As at December 31, 2020 Accounts receivable (Note 20) 2,800 — — 2,800 Other receivables (Note 19) 411 — — 411 Term deposits (Note 21(a)) 17,811 — — 17,811 Cash and cash equivalents (Note 21(b)) 11,128 — — 11,128 Other investments (Note 18(b)) — 386 — 386 Financial assets at fair value through other comprehensive income (Note 18(a)) — — 9,771 9,771 32,150 386 9,771 42,307 As at December 31, 2021 Accounts receivable (Note 20) 3,610 — — 3,610 Other receivables (Note 19) 270 — — 270 Term deposits (Note 21(a)) 17,072 — — 17,072 Short-term investments (Note 18(c)) — 1,029 — 1,029 Cash and cash equivalents (Note 21(b)) 6,591 — — 6,591 Other investments (Note 18(b)) — 236 — 236 Financial assets at fair value through other comprehensive income (Note 18(a)) — — 7,302 7,302 27,543 1,265 7,302 36,110 Liabilities at amortized cost Financial liabilities RMB’million As at December 31, 2020 Notes payable (Note 25) 5,175 Accounts payable 3,701 Other payables and other liabilities (note) 2,136 Lease liabilities 321 11,333 As at December 31, 2021 Notes payable (Note 25) 5,062 Accounts payable 4,422 Other payables and other liabilities (note) 1,922 Lease liabilities 297 11,703 Note: Other payables and other liabilities exclude prepayment received from customers and others, staff costs, welfare accruals, other tax liabilities, government grant and deferred income.

Commitments

Commitments	12 Months Ended
	Dec. 31, 2021
Capital Commitments [Abstract]
Commitments	31 Commitments (a) Operating commitments The following table summarizes future minimum commitments of the Group under non-cancelable 2020 2021 RMB’million RMB’million Within one year 462 348 Later than one year but not later than five years 23 24 485 372 (b) Contents royalty The Group is subject to the following minimum royalty payments associated with its license agreements: 2020 2021 RMB’million RMB’million Within one year 3,356 2,511 Later than one year but not later than five years 1,271 1,189 4,627 3,700 (c) Investment commitments As at December 31, 2020 and 2021, the Group had commitments of approximately RMB1,700 million and RMB513 million to invest in equity interest of certain entities.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Disclosure of transactions between related parties [abstract]
Related Party Transactions	32 Related party transactions The table below sets forth the major related parties and their relationships with the Group as at December 31, 2021: 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, 2019, 2020 and 2021, significant related party transactions were as follows: 2019 2020 2021 RMB’million RMB’million RMB’million Revenue Online music services to Tencent Group (note (i)) 355 277 364 Online music services to the Company’s associates and associates of Tencent Group 40 206 412 Social entertainment services and others to Tencent Group, the Company’s associates and associates of Tencent Group 21 213 170 Expenses Operation expenses recharged by Tencent Group 752 1,082 1,260 Advertising agency cost to Tencent Group 231 440 652 Content royalties to Tencent Group, the Company’s associates and associates of Tencent Group (note (ii)) 132 306 541 Other costs to the Company’s associates and associates of Tencent Group 25 48 176 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 contents 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 to allow the Group to distribute existing audiobooks in China Literature’s portfolio. The aggregate total minimum guarantee profit sharing payable to China Literature for the five-year period was in the amount of any excess portion will be shared based on a pre-determined percentage. The present value of the minimum guarantee of was recognized as intangible assets in March 2020. Amortization expense for the year ended December 31, 2020 and 2021 was included in the content royalties to Tencent Group presented above. These related party transactions were conducted at prices and terms as agreed by the respective parties involved. (b) Balances with related parties As at December 31, 2020 2021 RMB’million RMB’million Included in accounts receivable from related parties: Tencent Group (note) 1,993 2,510 The Company’s associates and associates of Tencent Group 48 90 Included in prepayments, deposits and other assets from related parties: Tencent Group 39 51 The Company’s associates and associates of Tencent Group 64 142 Included in accounts payable to related parties: Tencent Group 763 719 The Company’s associates and associates of Tencent Group 37 198 Included in other payables and accruals to related parties: Tencent Group 237 440 The Company’s associates and associates of Tencent Group 46 55 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 2019 2020 2021 RMB’million RMB’million RMB’million Short-term employee benefits 65 62 70 Share-based compensation 233 205 153 298 267 223

Contingent liabilities

Contingent liabilities	12 Months Ended
	Dec. 31, 2021
Disclosure Of Contingent Liabilities [Abstract]
Contingent liabilities	33 Contingent liabilities The Group is involved in a number of claims pending with various courts, or otherwise unresolved as at December 31, 2021. These claims are mainly related to alleged copyright infringement with an aggregate amount of damages sought of approximately RMB57 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 bearing the 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 and the Supreme Court of the State of New York, County 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. With the legal advice, the Company believes these cases are without merit and intends to defend actions vigorously. 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, 2021, 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 had made certain accruals in “Accounts payable” in the consolidated balance sheet as at December 31, 2021 and recognized related costs as expenses for the year ended December 31, 2021. The losses accrued include judgments handed down by the court and out-of-court in certain cases. However, the ultimate timing and outcome of pending litigation is inherently uncertain. Therefore, although management considers the likelihood of a material loss for all pending claims, both asserted and unasserted, to be remote, if one or more of these legal matters were resolved against the Company in the same reporting period for amounts in excess of management’s expectations, the Company’s consolidated financial statements of a particular reporting period could be materially adversely affected.

Events occurring after the repo

Events occurring after the reporting period	12 Months Ended
	Dec. 31, 2021
Disclosure of non-adjusting events after reporting period [abstract]
Events occurring after the reporting period	34 Events occurring after the reporting period (a) Acquisition of land use right In March 2022, the Group acquired land use right in Shenzhen with consideration of RMB1.05 billion. The first half of the consideration of RMB526 million has been paid in March 2022. (b) Acquisition of M&E Mobile Limited In March 2022, the Group entered into definitive agreement with M&E Mobile Limited, a company operates karaoke platform “Pokekara” in Japan, to acquire additional 25% of its equity interest with the consideration of approximately US$39 million. The acquisition was completed in April 2022, and M&E Mobile Limited became a non-wholly owned subsidiary of the Group.

Approval of these consolidated

Approval of these consolidated financial statements	12 Months Ended
	Dec. 31, 2021
Approval Of Consolidated Financial Statements [Abstract]
Approval of these consolidated financial statements	35 Approval of these consolidated financial statements These consolidated financial statements were approved for issue by the board of directors of the Company on April 26

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
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) 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, 2021: Amendments to IFRS 9, IAS 39, IFRS 7, IFRS4 and IFRS 16 Interest Rate Benchmark Reform – Phase 2 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, 2021, 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 annual on or after Amendments to IAS 28 and IFRS 10 Sale or contribution of assets between an investor and its associate or joint venture To be determined IAS 16 (amendments) Property, plant and equipment: Proceeds before intended use January 1, 2022 IAS 37 (amendments) Onerous contract - cost of fulfilling a contract January 1, 2022 Amendments to IFRS Annual Improvements to IFRS Standards 2018-2020 Cycle January 1, 2022 Amendments to IFRS 3 Reference to the Conceptual Framework January 1, 2022 IAS 1 (amendments) Classification of Liabilities as Current or Non-current January 1, 2023 IFRS 17 Insurance contracts January 1, 2023 Amendments to IAS 1 and IFRS Practice Statement 2 Disclosure of Accounting Policies January 1, 2023 Amendments to IAS 8 Definition of Accounting Estimates January 1, 2023 Amendments to IAS 12 Deferred Tax related to Assets and Liabilities arising from a Single Transaction January 1, 2023 The Group considers the lease as a single transaction in which the assets and liabilities are integrally linked. There is no net temporary difference at inception. Subsequently, when differences on settlement of the liabilities and the amortisation of right-of-use assets arise, there will be a net temporary difference on which deferred tax is recognized. Upon the effective date of amendments to IAS 12 on 1 January 2023, the Group will need to recognize a deferred tax asset and a deferred tax liability for the temporary differences arising on a lease on initial recognition.
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 t he (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 2.11 whenever there is an indication that the carrying amount may be impaired in accordance with Note 2.12 (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. Construction in progress represents buildings under construction and pending installation and is stated at cost less accumulated impairment losses, if any. Cost includes amortization of land use right and the costs of construction of buildings. No provision for depreciation is made on construction in progress until such time as the relevant assets are completed and ready for intended use. Construction in progress is transferred to property, plant and equipment when completed and ready for use. 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 . Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized in the income statement.
Land use right	2.8 Land use right Land use right is up-front
Goodwill	2.9 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 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	2.10 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 . 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 with external parties to produce contents to exhibit on its platforms. Produced contents includes direct production costs, production overheads 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 - 7 years Copyrights 3 - 7 years
Impairment of non-financial assets	2.11 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	2.12 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 s 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 since initial recognition. If a significant increase in credit risk of a deposit or receivable has occurred since initial recognition, the impairment is measured as lifetime expected credit losses. (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	2.13 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	2.14 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	2.15 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 2.12 above). Since these investments’ maturity dates are within one year, they are classified as current assets.
Cash and cash equivalents	2.16 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	2.17 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	2.18 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)	2.19 Borrowings (including notes payable) Borrowings (including notes payable) issued by the Group are recognized 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 recognized in the consolidated income statement over their terms using the effective interest method. Fees paid on the establishment of loan facilities are recognized 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 current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least 12 months after the end of the reporting period. 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, 2021, finance cost capitalised was nil.
Current and deferred income tax	2.20 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 and does not give rise to equal taxable and deductible temporary differences. 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	2.21 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 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	2.22 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	2.23 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	2.24 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, and revenue is recognized over time accordingly. 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 contents to other music platforms for a fixed period of time, typically one year, that falls within the original license period of the underlying contents. 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 sublicensing period. As a result, the Group determines sublicensing of contents as a single performance obligation. Revenues from sublicensing the contents is recognized over the sublicensing 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 sublicensing 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 third-party advertising agencies 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 an assessment made according to the criteria stated in (c) below. If revenue for advertising derived 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 derived through these advertising agencies are recorded at the net amount, the related cash incentives, in the form of commissions paid/payable 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 sales of the virtual gifts on the online karaoke and live streaming platforms. Revenues for the sales 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 sales of virtual gifts with the Group possesses 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 generates advertising revenue from its social entertainment platforms and the policies for recognized advertising revenue is described in Note 2.24(a) above. (c) Principal and 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 made 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 a 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. The contract costs are amortised using a method which is consistent with the pattern of recognition of the respective revenues. The Group has applied the practical expedient to recognize the contract cost relating to obtain a contract as an expense when incurred, if otherwise the amortization period is one year or less.
Interest income	2.25 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	2.26 Cost of revenues Cost of revenues mainly consists of service costs, advertising agency fees, channel fees, amortization of intangible assets, salaries and benefits for its operations 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	2.27 Selling and marketing expenses Selling and marketing expenses mainly consist of advertising expenses for branding and acquiring user traffic for the Group’s 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	2.28 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 expenses when incurred, as the amount of costs qualifying for capitalization has been immaterial.
Government grants	2.29 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	2.30 Leases 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 payments 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 costs. 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	2.31 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, 2021
General Information Organization And Basis Of Preparation [Abstract]
Summary of Significant Subsidiaries, VIEs, and Subsidiaries of VIEs	As at December 31, 2021, 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 Guangzhou Shiyinlian Software Technology Co., Ltd. (“Guangzhou Shiyinlian”) PRC October 2019 100 % Technical support and consulting service 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 Subsidiaries of Variable Interest Entities Tencent Music Entertainment (Shenzhen) Co., Ltd. (“TME Shenzhen”) PRC July 2016* 100 % Online music and entertainment related services Guangxi Hexian Music Co., Ltd. (“Guangxi Hexian”), (formerly known as “Xizang Qiming Music Co., Ltd.”) PRC February 2018 100 % Music content investments and other investments Shenzhen Lanren Online Technology Co., Ltd (“Shenzhen Lanren”) PRC March 2021 100 % Audio platform * 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, 2020 and 2021 and for the years ended December 31, 2019, 2020 and 2021 on a combined basis. As at December 31, 2020 2021 RMB’million RMB’million Total current assets 10,700 9,395 Total non-current 7,394 8,722 Total assets 18,094 18,117 Total current liabilities (6,986 ) (6,670 ) Total non-current (393 ) (416 ) Total liabilities (7,379 ) (7,086 ) Year ended December 31, 2019 2020 2021 RMB’million RMB’million RMB’million Total revenues 25,379 29,094 30,949 Net profit/(loss) 1,323 1,625 (209 ) Net cash (outflow)/inflow from operating activities* (182 ) 454 (671 ) Net cash outflow from investing activities (185 ) (1,099 ) (3,554 ) Net cash (outflow)/inflow from financing activities* (34 ) 715 3,462 Net (decrease)/increase in cash and cash equivalents (401 ) 70 (763 ) Cash and cash equivalents, beginning of the year 1,728 1,327 1,397 Cash and cash equivalents, end of the year 1,327 1,397 634 * Amounts previously reported for 2019 and 2020 have been revised and the impact of the revisions of intercompany fund transfers from operating to financing activities, which were eliminated in consolidation of the Company. The amounts of cash flow activities of the Group’s VIEs for the year ended December 31, 2019 and 2020 have been revised to reflect adjustments with decrease of RMB81 million and RMB768 million, respectively, in cash provided by operating activities, increase of RMB81 million and RMB768 million, respectively, in cash provided by financing activities. There is no impact on the previous reported consolidated financial positions and results of operations or cash flows. The above combined financial statements amounts and balances have included intercompany transactions which have been eliminated in the Company’s consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
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 - 7 years Copyrights 3 - 7 years

Financial Risk Management (Tabl

Financial Risk Management (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure Of Contingent Liabilities In Business Combination [Abstract]
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 Year Ended December 31, 2020 2021 RMB’million RMB’million At beginning of the period 112 — Fair value change — — Settlement (112 ) — At end of the period — —

Other gains, net (Tables)

Other gains, net (Tables)	12 Months Ended
	Dec. 31, 2021
Other Gains Losses [Abstract]
Summary of Other (losses)/gains, net	Year ended December 31, 2019 2020 2021 RMB’million RMB’million RMB’million Government grants and tax rebates (note) 132 245 393 Impairment provision for investments in associates (Note 17) (43 ) (4 ) — Gain on step-up — 19 8 Fair value change of investment s (37 ) — 105 Gain/(loss) on disposal of a subsidiary — 32 (10 ) Dividend from investments — — 27 Others 26 70 30 78 362 553 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, 2021
Default Root [Abstract]
Summary of Expense by Nature	Year ended December 31, 2019 2020 2021 RMB’million RMB’million RMB’million Service costs (note i) 14,967 17,478 18,992 Advertising agency fees 233 505 667 Employee benefits expenses (note ii and note iii) 2,527 3,004 3,915 Promotion and advertising expenses 1,823 2,227 2,387 Notes: (i) Service costs mainly comprised licensing costs, revenue sharing fees paid to content creators and content delivery costs that primarily consisted of server, cloud services and bandwidth costs. (ii) During the years ended December 31, 2019, 2020 and 2021, the Group incurred expenses for the purpose of research and development of approximately RMB1,159 million, RMB1,667 million and RMB2,339 million, which comprised employee benefits expenses of RMB1,012 million, RMB1,488 million and RMB2,050 , (iii) Employee benefits expenses Year ended December 31, 2019 2020 2021 RMB’million RMB’million RMB’million Wages, salaries and bonuses 1,616 2,020 2,518 Welfare, medical and other expenses 295 373 453 Share-based compensation expenses 519 569 752 Contribution to pension plans 97 42 192 2,527 3,004 3,915 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 and caps imposed. These contributions are paid to the respective labor and social welfare authorities and are expensed as incurred.​​​​​​​

Finance cost (Tables)

Finance cost (Tables)	12 Months Ended
	Dec. 31, 2021
Finance Cost [Abstract]
Disclosure of Detailed Information OF Finance cost Explanatory Text Block	Year ended December 31, 2019 2020 2021 RMB’million RMB’million RMB’million Interest and related expenses 68 99 120 Exchange (gains)/losses (4 ) (2 ) 1 64 97 121

Taxation (Tables)

Taxation (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2019 2020 2021 RMB’million RMB’million RMB’million Current income tax 703 634 530 Deferred income tax (note b) (140 ) (178 ) (113 ) Total income tax expense 563 456 417
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, 2019, 2020 and 2021, being the tax rate of the major subsidiaries of the Group before enjoying preferential tax treatments, as follows: Year ended December 31, 2019 RMB’million 2020 RMB’million 2021 RMB’million Profit before income tax expense 4,540 4,632 3,632 Tax calculated at a tax rate of 25% 1,135 1,158 908 Effects of different tax rates applicable to different subsidiaries of the Group (36 ) 34 29 Effects of tax holiday on assessable profit of certain subsidiaries (88 ) (214 ) (34 ) Effects of preferential tax rate on assessable profit of certain subsidiaries (556 ) (631 ) (664 ) Expense not deductible for tax purposes 133 82 191 Income not subject to tax — — (3 ) Unrecognized deferred income tax assets 16 46 27 Utilization of previously unrecognized tax assets (50 ) (11 ) (38 ) Others 9 (8 ) 1 563 456 417
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, 2019 RMB’million 2020 RMB’million 2021 RMB’million Effects of tax holiday on assessable profit of certain subsidiaries 88 214 34 Per ordinary share effect—basic 0.03 0.06 0.01 Per ordinary share effect—diluted 0.03 0.06 0.01
Summary of Profit Before Tax	The Group’s profit before tax consists of: Year ended December 31, 2019 RMB’million 2020 RMB’million 2021 RMB’million Non-PRC 470 (4 ) (5 ) PRC 4,070 4,636 3,637 4,540 4,632 3,632
Summary of Deferred Tax Assets and Deferred Tax Liabilities	As at December 31, 2020 2021 RMB’million RMB’million The deferred tax assets comprise temporary differences attributable to: Prepayment and other investments 105 134 Deferred revenue 55 83 Accruals 136 118 Deemed distribution arising from carve out of Tencent Music Business 8 5 Others 4 10 Total deferred tax assets 308 350 Set-off set-off (5 ) (4 ) Net deferred tax assets 303 346 The deferred tax liabilities comprise temporary differences attributable to: Intangible assets acquired in business combinations 270 275 Total deferred tax liabilities 270 275 Set-off set-off (5 ) (4 ) Net deferred liabilities 265 271
Summary of Recovery of Deferred Income Tax	The recovery of deferred income tax: As at December 31, 2020 2021 RMB’million RMB’million Deferred tax assets: to be recovered after more than 12 months 38 48 to be recovered within 12 months 265 298 303 346 Deferred tax liabilities: to be recovered after more than 12 months 203 201 to be recovered within 12 months 62 70 265 271
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 Others Total RMB’million RMB’million RMB’million RMB’million RMB’million At January 1, 2020 61 46 74 19 200 Credited/(charged) to 44 9 62 (7 ) 108 At December 31, 2020 105 55 136 12 308 Credited/(charged) to income statement 29 28 (18 ) 3 42 At December 31, 2021 134 83 118 15 350
Disclosure of Movement of Deferred Income Tax Liabilities Explanatory	The movements of deferred income tax liabilities were as follows: Intangible assets RMB’million At January 1, 2020 305 Credited to income statement (70 ) Business combinations 35 At December 31, 2020 270 Credited to income statement (71 ) Business combinations (Note 28) 76 At December 31, 2021 275

Earnings per share (Tables)

Earnings per share (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2019 2020 2021 RMB’million RMB’million RMB’million Earnings Net income attributable to equity holders of the Company 3,982 4,155 3,029 Number of shares Shares Weighted average ordinary shares outstanding, used in computing basic earnings per share 3,272,754,403 3,313,527,847 3,321,067,177 Dilution effect- adjustments for share options and RSUs 74,817,935 46,932,912 41,978,580 Shares used in computing diluted earnings per share 3,347,572,338 3,360,460,759 3,363,045,757 RMB RMB RMB Basic earnings per share for Class A and Class B ordinary shares 1.22 1.25 0.91 Diluted earnings per share for Class A and Class B ordinary shares 1.19 1.24 0.90 Basic earnings per ADS 2.43 2.51 1.82 Diluted earnings per ADS 2.38 2.47 1.80

Property Plant And Equipment (T

Property Plant And Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about property, plant and equipment [abstract]
Property, plant and equipment	Servers and Leasehold improve -ments Office furniture, equipment and others Total RMB ’million RMB ’million RMB ’million RMB ’million At January 1, 2020 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 combinations 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 Year ended December 31, 2021 Opening net book amount 111 24 41 176 Additions 32 81 79 192 Business combinations 1 — 1 2 Disposals (1 ) (6 ) (21 ) (28 ) Depreciation charge (59 ) (19 ) (21 ) (99 ) Closing net book amount 84 80 79 243 At December 31, 2021 Cost 344 137 128 609 Accumulated depreciation (260 ) (57 ) (49 ) (366 ) Net book amount 84 80 79 243
Summary of depreciation charged to consolidated income statements	During the years ended December 31, 2019, 2020 and 2021, depreciation was charged to the consolidated income statements as follows: Year ended December 31, 2019 2020 2021 RMB’million RMB’million RMB’million Cost of revenues 64 74 66 Selling and marketing expenses 1 1 — General and administrative expenses 23 26 33 88 101 99

Land use right (Tables)

Land use right (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure Of Quantitative Information About Land Use Right [Abstract]
Summary of quantitative information about land use right	Year ended December 31, 2020 2021 RMB’million RMB’million Net book amount at January 1 — — Additions — 1,504 Amortization charge — (9 ) Net book amount at December 31 — 1,495

Right-of-Use Assets (Tables)

Right-of-Use Assets (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2020 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 Inception of new leases 117 — 117 Depreciation charge (122 ) (1 ) (123 ) Disposal (22 ) — (22 ) Net book amount at December 31, 2021 282 1 283

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2020 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 combinations — 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 Year ended December 31, 2021 Opening net book amount 821 1,030 109 4 18 38 2,020 Additions — 1,036 — — — 28 1,064 Business 217 112 — 19 5 171 524 Amortization charge (132 ) (517 ) (52 ) (7 ) (5 ) (66 ) (779 ) Closing net book amount 906 1,661 57 16 18 171 2,829 At December 31, 2021 Cost 1,557 2,672 335 204 161 357 5,286 Accumulated amortization (651 ) (1,011 ) (278 ) (188 ) (143 ) (186 ) (2,457 ) Net book amount 906 1,661 57 16 18 171 2,829
Summary of Amortization of Intangible Assets Allocated	During the years ended December 31, 2019, 2020 and 2021, amortization was charged to the consolidated income statements as follows: Year ended December 31, 2019 2020 2021 RMB’million RMB’million RMB’million Cost of revenues 239 434 577 Selling and marketing expenses 42 41 19 General and administrative expenses 153 162 183 434 637 779

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2021
Changes in goodwill [abstract]
Summary of Goodwill	Year ended December 31, 2020 2021 RMB’million RMB’million At January 1 17,140 17,492 Business combinations 352 1,641 Disposals — (12 ) At December 31 17,492 19,121

Investments accounted for usi_2

Investments accounted for using equity method (Tables)	12 Months Ended
	Dec. 31, 2021
Investments accounted for using equity method [abstract]
Summary of Investments Accounted for Using Equity Method	As at December 31, 2020 2021 RMB’million RMB’million Investments in associates 2,196 3,522 Investments in joint ventures 59 77 2,255 3,599
Summary of Share of Profits/(Losses) of Investments Accounted for Using Equity Method	Year ended December 31, 2019 2020 2021 RMB’million RMB’million RMB’million Share of (loss)/profit of investments accounted for using equity method: Associates (9 ) 23 (45 ) Joint ventures (9 ) (4 ) (2 ) (18 ) 19 (47 )
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, 2020 2021 RMB’million RMB’million At January 1 489 2,255 Additions (note i) 1,923 1,550 Business combinations 4 — Share of profit/(loss) 19 (47 ) Share of other comprehensive (losses)/income (9 ) 4 Step acquisition accounted for as business combination (21 ) (26 ) Impairment provision (note ii) (4 ) — Currency translation differences (146 ) (60 ) Dividend received — (77 ) At December 31 2,255 3,599 Notes: (i) In January 2021, the Group completed the additional investment in certain equity interests in a consortium, Concerto Partners LLC (“Concerto”), which is led by Tencent to acquire an additional (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 their financial positions, business performances and market capitalization. During the year ended December 31, 2020, the impairment losses recogni z

Financial Assets at Fair Value

Financial Assets at Fair Value (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2020 2021 RMB’million RMB’million Listed equity investments At January 1 4,461 9,771 Additions 708 — Disposal — (163 ) Fair value change 5,219 (2,128 ) Currency translation differences (617 ) (178 ) At December 31 9,771 7,302
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, 2020 2021 RMB’million RMB’million At January 1 255 386 Additions 132 — Fair value change — 53 Disposal (1 ) (200 ) Currency translation differences — (3 ) At December 31 386 236 Of which are: Current 37 37 Non-current 349 199 386 236 Short-term investments represent investments issued by commercial banks in the PRC with a variable return and accounted for as financial assets at fair value through profit or loss. Movement of short-term investments is analyzed as follows:​​​​​​​ Year ended December 31, 2020 2021 RMB’million RMB’million At January 1 6 — Additions — 5,616 Business combinations — 100 Fair value change — 52 Disposal (6 ) (4,739 ) At December 31 — 1,029

Prepayments deposits and othe_2

Prepayments deposits and other assets (Tables)	12 Months Ended
	Dec. 31, 2021
Prepayments Deposits And Other Assets [Abstract]
Schedule of Prepayments, deposits and other assets	As at December 31, 2020 2021 RMB’million RMB’million Included in non-current Prepaid contents royalties 956 743 956 743 Included in current assets Prepaid contents royalties 1,882 1,755 Value-added tax recoverable 149 136 Prepaid vendors deposits and other receivables 484 404 Prepaid promotion and other expenses 239 329 Receivable from Tencent (Note 32(b)) 39 51 Others 53 56 2,846 2,731

Accounts receivable (Tables)

Accounts receivable (Tables)	12 Months Ended
	Dec. 31, 2021
Trade And Other Receivables [Abstract]
Summary of Accounts Receivable and Ageing Analysis	As at December 31, 2020 2021 RMB’million RMB’million Accounts receivable 2,814 3,630 Less: loss allowance for expected credit losses (14 ) (20 ) Accounts receivable, net 2,800 3,610 Ageing analysis of the accounts receivable based on invoice date: Up to 3 months 2,490 2,804 3 to 6 months 165 321 Over 6 months 159 505 2,814 3,630
Summary of Loss Allowances for Accounts Receivable	The loss allowances for accounts receivable as at December 31, 2020 and 2021 reconciled to the opening loss allowances as follows: Year ended December 31, 2020 2021 RMB’million RMB’million At January 1 11 14 Provision for loss allowance recognized in income statement 8 9 Receivables written off during the year as uncollectible (5 ) (3 ) At December 31 14 20

Term deposits and cash and ca_2

Term deposits and cash and cash equivalents (Tables)	12 Months Ended
	Dec. 31, 2021
Cash and cash equivalents [abstract]
Schedule of Cash and cash equivalents	As at December 31, 2020 2021 RMB’million RMB’million Cash at bank 11,108 6,591 Term deposits with initial terms within three months 20 — 11,128 6,591

Share capital (Tables)

Share capital (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2019 (US$0.000083 par value; 4,800,000,000 shares authorized) 3,265,986,486 2 33,776 — — Issuance of ordinary shares (note i) 280,512 — 12 — — Employee share award schemes -value of employee service — — 637 — — -Shares held for share award schemes (note ii) — — — (31 ) — -Shares allotted and issued 88,798,940 — — — — Balance December 31, 2019 (US$0.000083 par value; 4,800,000,000 shares authorized) 3,355,065,938 2 34,425 (31 ) — Employee share award schemes -value of employee service — — 619 — — -Shares held for share award schemes (note ii) — — — (47 ) — -Shares allotted and issued for share award schemes (note iii) 30,077,800 — — — — Repurchase of ordinary shares (note iv) — — — — (134 ) Balance December 31, 2020 (US$0.000083 par value; 4,800,000,000 shares authorized) 3,385,143,738 2 35,044 (78 ) (134 ) Expiry of put right of puttable ordinary shares (Note 26 (ii)) — — 535 — — Employee share award schemes -value of employee service — — 659 — 35 -Shares held for share award schemes (note ii) — — — (105 ) — Issuance of ordinary shares 5,010,526 — — — — Repurchase of ordinary shares (note iv) — — — — (3,561 ) Balance December 31, 2021 (US$0.000083 par value; 4,800,000,000 shares authorized) 3,390,154,264 2 36,238 (183 ) (3,660 ) As at December 31, 2020 and 2021, analysis of the Company’s issued shares is as follows: As at December 31, 2020 As at December 31, 2021 Number of issued shares Share capital RMB’million Number of issued shares Share capital RMB’million Class A ordinary shares 1,670,004,560 1 1,675,015,086 1 Class B ordinary shares 1,715,139,178 1 1,715,139,178 1 3,385,143,738 2 3,390,154,264 2 * All issued shares are fully paid as at December 31, 2020 and 2021. (i) 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. (ii) During the years ended December 31, 2019, 2020 and 2021, the Share Scheme Trust withheld 617,634, 1,046,852 and 1,878,732 Class A ordinary shares of the Company for an amount of approximately RMB31 million, RMB47 million and RMB105 million which had been deducted from the equity. (iii) As at December 31, 2019, 2020 and 2021, 31,310,524, 35,763,090 and 16,297,722 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. (iv) 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 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. In March 2021, the board of directors of the Company 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 ADSs, the first half has completed during a twelve-month period commencing on March 29, 2021 while the second half is approved to perform during a twelve-month period commencing on December 15, 2021. During the year ended December 31, 2021, the Company repurchased 49,046,329 ADSs from the open market, at an aggregate consideration of approximately US$553 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, 2021
Disclosure of reserves within equity [abstract]
Schedule of Other Reserve	Share-based compensation reserve RMB’million Contribution from ultimate holding company RMB’million 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, 2019 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-based compensation reserve RMB’million Contribution from ultimate holding company RMB’million PRC statutory reserve RMB’million Foreign currency translation reserve RMB’million Fair value reserve RMB’million Others RMB’million Total other reserves RMB’million 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 Currency translation differences — — — (378 ) — — (378 ) Fair value changes on financial assets at fair value through other comprehensive income — — — — (2,128 ) — (2,128 ) Share-based compensation reserve RMB’million Contribution from ultimate holding company RMB’million PRC statutory reserve RMB’million Foreign currency translation reserve RMB’million Fair value reserve RMB’million Others RMB’million Total other reserves RMB’million Transfer of gains on disposal of financial instruments to retained earnings — — — — (56 ) — (56 ) Share of other comprehensive losses of associates — — — — — 4 4 Share based compensation 647 — — — — — 647 Exercise of share options/RSU (646 ) — — — — — (646 ) Additional investments in a non-wholly owned subsidiary — — — — — (19 ) (19 ) Profit appropriations to PRC statutory reserves — — 2 — — — 2 At December 31, 2021 1,611 463 147 (952 ) 3,391 (934 ) 3,726

Share Based Compensation (Table

Share Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
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 options (US$) (US$) 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 — — — Outstanding as at January 1, 2021 5,983,900 0.23 1.93 Exercised (2,992,122 ) 0.24 1.92 Forfeited — — — Outstanding as at December 31, 2021 2,991,778 0.22 1.94 Vested and expected to vest as at December 31, 2021 2,991,778 0.22 1.94 Exercisable as at December 31, 2021 2,991,778 0.22 1.94 Non vested as at December 31, 2021 — — —
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, 2020 Share options December 31, 2021 March 1, 2015 February 28, 2025 US$ 0.000076 278,801 192,800 March 1, 2015 February 28, 2025 US$ 0.27 50,000 — March 1, 2015 February 28, 2025 US$ 0.000076 460,220 292,744 March 1, 2015 February 28, 2025 US$ 0.27 417,410 179,020 March 30, 2015 March 29, 2025 US$ 0.27 700,882 403,284 October 1, 2015 September 30, 2025 US$ 0.27 125,100 63,760 December 31, 2015 December 30, 2025 US$ 0.27 599,658 196,016 March 1, 2016 February 28, 2026 US$ 0.27 107,889 50,746 March 31, 2016 March 30, 2026 US$ 0.27 98,938 72,634 June 30, 2016 June 29, 2026 US$ 0.000076 81,638 — June 30, 2016 June 29, 2026 US$ 0.27 3,063,364 1,540,774 Total 5,983,900 2,991,778 Weighted average remaining contractual life of options outstanding at end of period: 5.01 3.97
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	Granted in 2019 2020 2021 Risk free interest rate 2.08% 0.71%-0.91% 1.22%-1.63% Expected dividend yield 0% 0% 0% Expected volatility 40% 40%-42.5% 43.5%-50% Exercise multiples 2.2-2.8 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 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 Outstanding as at January 1, 2021 21,151,186 4.45 2.68 Granted 8,543,982 5.54 2.81 Exercised (4,360,740 ) 1.92 2.26 Forfeited (541,488 ) 5.70 2.90 Outstanding as at December 31, 2021 24,792,940 5.24 2.79 Vested and expected to vest as at December 31, 2021 23,552,634 5.21 2.79 Exercisable as at December 31, 2021 9,580,612 4.00 2.64 Non vested as at December 31, 2021 15,212,328 6.03 2.88
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 2020 2021 June 16, 2017 June 15, 2027 US$ 2.32 2,738,756 1,433,720 August 31, 2017 August 30, 2027 US$ 0.27 2,748,802 1,271,442 December 20, 2017 December 19, 2027 US$ 2.32 3,973,756 2,836,672 April 16, 2018 April 15, 2028 US$ 4.04 650,000 325,000 October 17, 2018 October 16, 2028 US$ 7.14 4,667,500 4,460,000 June 14, 2019 June 13, 2029 US$ 7.05 1,637,002 1,621,618 June 12, 2020 June 11, 2030 US$ 6.20 4,285,570 4,093,832 August 15, 2020 August 14, 2030 US$ 7.56 208,790 208,790 October 15, 2020 October 14, 2030 US$ 7.17 71,930 71,930 December 15, 2020 December 14, 2030 US$ 9.53 169,080 169,080 May 15, 2021 May 14, 2031 US$ 7.61 — 1,262,240 July 15, 2021 July 14, 2031 US$ 6.37 — 148,130 July 30, 2021 July 29, 2031 US$ 5.29 — 6,327,742 September 15, 2021 September 14, 2031 US$ 4.24 — 254,952 December 15, 2021 December 14, 2031 US$ 3.32 — 307,792 Total 21,151,186 24,792,940 Weighted average remaining contractual life of options outstanding at end of year: 7.74 7.84
Schedule of Movements in Number of RSUs and Awarded Shares	Movements in the number of RSUs for the years ended December 31, 2019, 2020 and 2021 are as follows: Number of awarded shares Year ended December 31, 2019 2020 2021 Outstanding as at January 1 13,724,100 26,659,516 41,011,362 Granted 19,567,514 24,156,236 19,136,384 Vested (5,700,520 ) (7,732,794 ) (13,096,270 ) Forfeited (931,578 ) (2,071,596 ) (3,323,378 ) Outstanding as at December 31 26,659,516 41,011,362 43,728,098 Expected to vest as at December 31 24,377,060 37,672,420 39,425,569

Notes payable (Tables)

Notes payable (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about borrowings [abstract]
Summary of Note Payable	As at December 31, 2020 RMB’million 2021 RMB’million Included in non-current Notes payable 5,175 5,062 5,175 5,062
Summary of unsecured senior notes	Principal $ Carrying (RMB’million) Carrying (RMB’million) Interest Rate Due 2025 Notes 300 1,945 1,903 1.375 % 2025 2030 Notes 500 3,230 3,159 2.000 % 2030 800 5,175 5,062

Other Payables and Other Liab_2

Other Payables and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Other Payables And Other Liabilities [Abstract]
Schedule of Other Payables and Other Liabilities	As at December 31, 2020 RMB’million 2021 RMB’million Included in non-current Government grants 2 2 Deferred income 66 30 68 32 Included in current liabilities Dividend payable 12 12 Accrued expenses (note i) 2,717 3,133 Advances from customers 68 85 Investment payables 74 28 Other tax liabilities 137 131 Present value of liability of puttable shares (Note ii) 539 — Deferred income 34 34 Share repurchase payables — 82 Other deposits 94 99 Others 206 228 3,881 3,832 Notes: (i) Accrued expenses mainly comprise payroll and welfare, advertising and marketing, short-term lease rental and other operating expenses. (ii) 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

Deferred revenue (Tables)

Deferred revenue (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure Of Deferred Revenue [Abstract]
Schedule of Contract Liabilities	As at December 31, 2020 2021 RMB’million RMB’million Non-current 78 86 Current 1,608 1,834 1,686 1,920

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about business combination [abstract]
Summary of Amount of Identified Assets Acquired and Liabilities Assumed	RMB’million Purchase consideration 2,231 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and cash equivalents 196 Short-term investment 100 Accounts receivable 30 Intangible assets 496 Prepayments, deposits and other assets 7 Deferred revenue (53 ) Other payables and accruals (30 ) Accounts (22 ) Deferred tax liabilities (73 ) Goodwill 1,580 2,231

Cash flow information (Tables)

Cash flow information (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure Of Cash Flow Information [Abstract]
Summary of Cash Generated from Operations	(a) Cash generated from operations 2019 2020 2021 RMB’million RMB’million RMB’million Profit before income tax 4,540 4,632 3,632 Adjustments for: Depreciation and amortization 583 824 1,001 Impairment provision for investments in associates (Note 17) 43 4 — Loss allowance for expected credit losses (Note 20) 18 8 9 Non-cash 519 569 647 Fair value losses /(gains) 37 — (105 ) Net (gains)/ (1 ) (32 ) 10 Dividend income (Note 7) — — (27 ) Gain of step-up 7 — (19 ) (8 ) Share of loss/(profit) of associates and joint ventures (Note 17) 18 (19 ) 47 Interest income (Note 6) (615 ) (622 ) (530 ) Fair value change on puttable shares 37 37 — Interest expense 31 62 120 Net exchange differences (4 ) (2 ) 1 Increase in accounts receivable (733 ) (520 ) (769 ) Decrease/(increase) 9 8 (6 ) ( )/decrease (175 ) (887 ) 408 Increase in accounts payable 717 644 631 Increase in other operating liabilities 1,164 258 309 Cash generated from operations 6,188 4,945 5,370
Summary of Non-cash Investing and Financing Activities	(b) Non-cash 2019 2020 2021 RMB’million RMB’million RMB’million Equity — 101 —

Financial instruments by cate_2

Financial instruments by category (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about financial instruments [abstract]
Summary of Financial Instruments by Category	The Group holds the following financial instruments: Financial at amortized Financial assets at fair value through profit and loss Financial assets at fair value through other comprehensive income Total Financial assets RMB’million RMB’million RMB’million RMB’million As at December 31, 2020 Accounts receivable (Note 20) 2,800 — — 2,800 Other receivables (Note 19) 411 — — 411 Term deposits (Note 21(a)) 17,811 — — 17,811 Cash and cash equivalents (Note 21(b)) 11,128 — — 11,128 Other investments (Note 18(b)) — 386 — 386 Financial assets at fair value through other comprehensive income (Note 18(a)) — — 9,771 9,771 32,150 386 9,771 42,307 As at December 31, 2021 Accounts receivable (Note 20) 3,610 — — 3,610 Other receivables (Note 19) 270 — — 270 Term deposits (Note 21(a)) 17,072 — — 17,072 Short-term investments (Note 18(c)) — 1,029 — 1,029 Cash and cash equivalents (Note 21(b)) 6,591 — — 6,591 Other investments (Note 18(b)) — 236 — 236 Financial assets at fair value through other comprehensive income (Note 18(a)) — — 7,302 7,302 27,543 1,265 7,302 36,110 Liabilities at amortized cost Financial liabilities RMB’million As at December 31, 2020 Notes payable (Note 25) 5,175 Accounts payable 3,701 Other payables and other liabilities (note) 2,136 Lease liabilities 321 11,333 As at December 31, 2021 Notes payable (Note 25) 5,062 Accounts payable 4,422 Other payables and other liabilities (note) 1,922 Lease liabilities 297 11,703

Commitments (Tables)

Commitments (Tables)	12 Months Ended
	Dec. 31, 2021
Capital Commitments [Abstract]
Summary of Future Minimum Commitments for Non Cancellable Operating Commitments	(a) Operating commitments The following table summarizes future minimum commitments of the Group under non-cancelable 2020 2021 RMB’million RMB’million Within one year 462 348 Later than one year but not later than five years 23 24 485 372
Summary of Minimum Royalty Payments Under Licensing Agreement	(b) Contents royalty The Group is subject to the following minimum royalty payments associated with its license agreements: 2020 2021 RMB’million RMB’million Within one year 3,356 2,511 Later than one year but not later than five years 1,271 1,189 4,627 3,700

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of transactions between related parties [abstract]
Disclosure of Transactions Between Related Parties	For the years ended December 31, 2019, 2020 and 2021, significant related party transactions were as follows: 2019 2020 2021 RMB’million RMB’million RMB’million Revenue Online music services to Tencent Group (note (i)) 355 277 364 Online music services to the Company’s associates and associates of Tencent Group 40 206 412 Social entertainment services and others to Tencent Group, the Company’s associates and associates of Tencent Group 21 213 170 Expenses Operation expenses recharged by Tencent Group 752 1,082 1,260 Advertising agency cost to Tencent Group 231 440 652 Content royalties to Tencent Group, the Company’s associates and associates of Tencent Group (note (ii)) 132 306 541 Other costs to the Company’s associates and associates of Tencent Group 25 48 176
Summary of Balance with Related Parties	(b) Balances with related parties As at December 31, 2020 2021 RMB’million RMB’million Included in accounts receivable from related parties: Tencent Group (note) 1,993 2,510 The Company’s associates and associates of Tencent Group 48 90 Included in prepayments, deposits and other assets from related parties: Tencent Group 39 51 The Company’s associates and associates of Tencent Group 64 142 Included in accounts payable to related parties: Tencent Group 763 719 The Company’s associates and associates of Tencent Group 37 198 Included in other payables and accruals to related parties: Tencent Group 237 440 The Company’s associates and associates of Tencent Group 46 55
Disclosure of Information About Key Management Personnel	(c) Key management personnel compensation 2019 2020 2021 RMB’million RMB’million RMB’million Short-term employee benefits 65 62 70 Share-based compensation 233 205 153 298 267 223

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, 2021
Tencent Music Entertainment Hong Kong Limited [Member]
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 [Member]
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 [Member]
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 [Member]
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
Guangzhou Shiyinlian Software Technology Co. Ltd [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Name of subsidiary	Guangzhou Shiyinlian Software Technology Co., Ltd. (“Guangzhou Shiyinlian”)
Place of incorporation	PRC
Date of Incorporation or acquisition	October 2019
Equity Interest Held (direct or indirect)	100.00%
Principal activities	Technical support and consulting service
Tencent Music Entertainment Shenzhen Co Ltd [Member]
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
Guangxi Hexian Music Co., Ltd [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Name of subsidiary	Guangxi Hexian Music Co., Ltd. (“Guangxi Hexian”), (formerly known as “Xizang Qiming Music Co., Ltd.”)
Place of incorporation	PRC
Date of Incorporation or acquisition	February 2018
Equity Interest Held (direct or indirect)	100.00%
Principal activities	Music content investments and other investments
Shenzhen Lanren Online Technology Co Ltd [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Name of subsidiary	Shenzhen Lanren Online Technology Co., Ltd (“Shenzhen Lanren”)
Place of incorporation	PRC
Date of Incorporation or acquisition	March 2021
Equity Interest Held (direct or indirect)	100.00%
Principal activities	Audio platform
Guangzhou Kugou Computer Technology Co Ltd [Member]
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 [Member]
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

General Information, Organiza_4

General Information, Organization and Basis of Preparation - Additional Information (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
General Information Organization And Basis Of Preparation [Line Items]
Cash provided by operating activities	¥ 5,239	¥ 4,885	¥ 6,200
Cash used in financing activities	(3,710)	5,292	(31)
VIEs And Subsidiaries Of VIEs [Member]
General Information Organization And Basis Of Preparation [Line Items]
Capital reserve and statutory reserves	4,069	4,185
Cash provided by operating activities	(671)	454	(182)
Cash used in financing activities	3,462	715	¥ (34)
VIEs And Subsidiaries Of VIEs [Member] | Previously Reported [Member]
General Information Organization And Basis Of Preparation [Line Items]
Cash provided by operating activities	81	768
Cash used in financing activities	¥ 81	¥ 768

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Statements [Line Items]
Total current assets	¥ 26,791	¥ 31,687
Total non-current assets	40,463	36,586
Total assets	67,254	68,273
Total current liabilities	(10,450)	(9,602)
Total non-current liabilities	(5,749)	(5,940)
Total liabilities	(16,199)	(15,542)
Total revenues	31,244	29,153	¥ 25,434
Profit for the year	3,215	4,176	3,977
Net cash (outflow)/inflow from operating activities	5,239	4,885	6,200
Net cash outflow from investing activities	(5,999)	(14,206)	(8,102)
Net cash (outflow)/inflow from financing activities	(3,710)	5,292	(31)
Cash and cash equivalents at beginning of the year	11,128	15,426	17,356
Cash and cash equivalents at end of the year	6,591	11,128	15,426
VIEs And Subsidiaries Of VIEs [Member]
Statements [Line Items]
Total current assets	9,395	10,700
Total non-current assets	8,722	7,394
Total assets	18,117	18,094
Total current liabilities	(6,670)	(6,986)
Total non-current liabilities	(416)	(393)
Total liabilities	(7,086)	(7,379)
Total revenues	30,949	29,094	25,379
Profit for the year	(209)	1,625	1,323
Net cash (outflow)/inflow from operating activities	(671)	454	(182)
Net cash outflow from investing activities	(3,554)	(1,099)	(185)
Net cash (outflow)/inflow from financing activities	3,462	715	(34)
Net (decrease)/increase in cash and cash equivalents	(763)	70	(401)
Cash and cash equivalents at beginning of the year	1,397	1,327	1,728
Cash and cash equivalents at end of the year	¥ 634	¥ 1,397	¥ 1,327

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) ¥ in Millions	12 Months Ended
	Dec. 31, 2021CNY (¥)
Disclosure Of Significant Accounting Policies [Line Items]
Useful lives of other intangible assets	no 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 [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Percentage of voting rights	20.00%
Bottom of range [Member] | Internal Developed Contents and Copyrights [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Amortized period	1 year
Top of range [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Percentage of voting rights	50.00%
Top of range [Member] | Internal Developed Contents and Copyrights [Member]
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, 2021
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 [Member] | Communication and network equipment [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Servers and network equipment	3 years
Bottom of range [Member] | Office equipment [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Servers and network equipment	3 years
Top of range [Member] | Communication and network equipment [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Servers and network equipment	5 years
Top of range [Member] | 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, 2021
Online users [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Estimated useful lives of acquired intangible assets	1 year
Online users [Member] | Bottom of range [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Estimated useful lives of acquired intangible assets	3 years
Online users [Member] | Top of range [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Estimated useful lives of acquired intangible assets	4 years
Corporate customer relationship [Member] | Bottom of range [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Estimated useful lives of acquired intangible assets	3 years
Corporate customer relationship [Member] | Top of range [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Estimated useful lives of acquired intangible assets	6 years
Supplier resources [Member] | Bottom of range [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Estimated useful lives of acquired intangible assets	4 years
Supplier resources [Member] | Top of range [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Estimated useful lives of acquired intangible assets	7 years
Copyrights [Member] | Bottom of range [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Estimated useful lives of acquired intangible assets	3 years
Copyrights [Member] | Top of range [Member]
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, 2021CNY (¥)Customer	Dec. 31, 2020CNY (¥)
Financial Risk Management [Line Items]
Borrowings	¥ 5,062	¥ 5,175
Number of customers accounted for gross accounts receivable | Customer	5
Gross accounts receivable comprise of top customers	11.00%
Customers represented percentage of revenue	10.00%
Number of customers accounted for revenue | Customer	0
Bottom of range [member]
Financial Risk Management [Line Items]
Significant unobservable inputs of expected rate of return	1.65%
Top of range [member]
Financial Risk Management [Line Items]
Significant unobservable inputs of expected rate of return	5.59%
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
Foreign Exchange Risk
Financial Risk Management [Line Items]
Effect Of Changes In Currency Rate	5.00%
Foreign Exchange Risk | USD
Financial Risk Management [Line Items]
Financial assets	¥ 54	2
Financial liabilities	27	6
Foreign Exchange Risk | RMB
Financial Risk Management [Line Items]
Financial assets	1	1
Financial liabilities	33	22
Equity Price Risk
Financial Risk Management [Line Items]
Post-tax profit	12	19
Impact in other comprehensive income	¥ 365	489
Customer One
Financial Risk Management [Line Items]
Gross accounts receivable comprise of top customers	3.00%
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	1.00%
Lease Liabilities Payable | Liquidity Risk | Less than 1 year
Financial Risk Management [Line Items]
contractual undiscounted cash flows	¥ 108	116
Lease Liabilities Payable | Liquidity Risk | Between 2 and 5 years
Financial Risk Management [Line Items]
contractual undiscounted cash flows	209	248
Lease Liabilities Payable | Liquidity Risk | Over 5 years
Financial Risk Management [Line Items]
contractual undiscounted cash flows	17	0
Accounts Payable | Liquidity Risk | Less than 1 year
Financial Risk Management [Line Items]
contractual undiscounted cash flows	4,331	3,567
Accounts Payable | Liquidity Risk | Between 2 and 5 years
Financial Risk Management [Line Items]
contractual undiscounted cash flows	100	150
Senior Unsecured Notes | Less than 1 year
Financial Risk Management [Line Items]
Borrowings	90	92
Senior Unsecured Notes | Between 2 and 5 years
Financial Risk Management [Line Items]
Borrowings	2,247	2,326
Senior Unsecured Notes | Over 5 years
Financial Risk Management [Line Items]
Borrowings	¥ 3,443	¥ 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, 2021	Dec. 31, 2020
Disclosure of contingent liabilities in business combination [line items]
At beginning of the period	¥ 0	¥ 112
Fair value change	0
Settlement	0	(112)
At end of the period	¥ 0	¥ 0

Revenue - Additional Informatio

Revenue - Additional Information (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Amount of revenue arising from the sale of music subscription packages	¥ 7,333	¥ 5,560	¥ 3,563

Other gains, net - Summary of O

Other gains, net - Summary of Other (losses)/gains, net (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Gains Losses [Abstract]
Government grants and tax rebates (note)	¥ 393	¥ 245	¥ 132
Impairment provision for investments in associates (Note 17)		(4)	(43)
Gain on step-up acquisition arising from business combination	8	19
Fair value change of investment	105		(37)
Gain/(loss) on disposal of a subsidiary	(10)	32
Dividend From Investments	27
Others	30	70	26
Other gains (losses)	¥ 553	¥ 362	¥ 78

Expense by nature - Summary of

Expense by nature - Summary of Expense By Nature (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Expense By Nature [Abstract]
Service costs (note i)	¥ 18,992	¥ 17,478	¥ 14,967
Advertising agency fees	667	505	233
Employee benefits expenses (note ii and note iii)	3,915	3,004	2,527
Promotion and advertising expenses	¥ 2,387	¥ 2,227	¥ 1,823

Expense by nature - Summary o_2

Expense by nature - Summary of Expense By Nature (Parenthetical) (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Expense By Nature [Abstract]
Research and development expense	¥ 2,339	¥ 1,667	¥ 1,159
Short-term employee benefits expense	¥ 2,050	¥ 1,488	¥ 1,012

Expense by Nature - Summary o_3

Expense by Nature - Summary of Employee Benefits Expenses (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Expense By Nature [Abstract]
Wages, salaries and bonuses	¥ 2,518	¥ 2,020	¥ 1,616
Welfare, medical and other expenses	453	373	295
Share-based compensation expenses	752	569	519
Contribution to pension plans	192	42	97
Employee benefits expense	¥ 3,915	¥ 3,004	¥ 2,527

Finance costs (Details)

Finance costs (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Finance Cost [Abstract]
Interest and related expenses	¥ 120	¥ 99	¥ 68
Exchange gains	1	(2)	(4)
Finance costs	¥ 121	¥ 97	¥ 64

Taxation - Additional Informati

Taxation - Additional Information (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Taxes [Line Items]
Applicable tax rate	25.00%	25.00%	25.00%
Preferential Income Tax Rate	15.00%
Reduced tax rate	12.50%
Unrecognized deferred tax assets	¥ 130	¥ 96
Cumulative tax losses	¥ 674	¥ 664
Bottom of range [Member]
Income Taxes [Line Items]
Reduced tax rate	2.50%
Cumulative tax losses expiration period	2022
Top of range [Member]
Income Taxes [Line Items]
Reduced tax rate	9.00%
Cumulative tax losses expiration period	2026
Guangzhou Kugou Computer Technology Co Ltd [Member]
Income Taxes [Line Items]
Preferential Income Tax Rate		15.00%	15.00%
Corporate Income Tax Rate	25.00%
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%	15.00%
Tencent Music Entertainment Technology Shenzhen Co Ltd [Member]
Income Taxes [Line Items]
Reduced tax rate	12.50%	12.50%
Yeelion Online Network Technology Beijing Co Ltd [Member]
Income Taxes [Line Items]
Reduced tax rate	12.50%	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, 2021	Dec. 31, 2020	Dec. 31, 2019
Major components of tax expense (income) [abstract]
Current income tax	¥ 530	¥ 634	¥ 703
Deferred income tax (note b)	(113)	(178)	(140)
Total income tax expense	¥ 417	¥ 456	¥ 563

Taxation - Summary of Reconcili

Taxation - Summary of Reconciliation of Income Tax (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Taxation [Abstract]
Profit before income tax expense	¥ 3,632	¥ 4,632	¥ 4,540
Tax calculated at a tax rate of 25%	908	1,158	1,135
Effects of different tax rates applicable to different subsidiaries of the Group	29	34	(36)
Effects of tax holiday on assessable profit of certain subsidiaries	(34)	(214)	(88)
Effects of preferential tax rate on assessable profit of certain subsidiaries	(664)	(631)	(556)
Expense not deductible for tax purposes	191	82	133
Income not subject to tax	(3)
Unrecognized deferred income tax assets	27	46	16
Utilization of previously unrecognized tax assets	(38)	(11)	(50)
Others	1	(8)	9
Total income tax expense	¥ 417	¥ 456	¥ 563

Taxation - Summary of Reconci_2

Taxation - Summary of Reconciliation of Income Tax (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
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, 2021	Dec. 31, 2020	Dec. 31, 2019
Tax Effect Of Tax Holiday Period [Abstract]
Effects of tax holiday on assessable profit of certain subsidiaries	¥ 34	¥ 214	¥ 88
Per ordinary share effect—basic	¥ 0.01	¥ 0.06	¥ 0.03
Per ordinary share effect—diluted	¥ 0.01	¥ 0.06	¥ 0.03

Taxation - Summary of Profit Be

Taxation - Summary of Profit Before Tax (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Profit Before Tax [Line Items]
Profit before income tax expense	¥ 3,632	¥ 4,632	¥ 4,540
Foreign Countries
Profit Before Tax [Line Items]
Profit before income tax expense	(5)	(4)	470
Country of Domicile
Profit Before Tax [Line Items]
Profit before income tax expense	¥ 3,637	¥ 4,636	¥ 4,070

Taxation - Summary of Deferred

Taxation - Summary of Deferred Tax Assets and Deferred Tax Liabilities (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Total deferred tax assets	¥ 346	¥ 303
Net deferred tax assets	346	303
Total deferred tax liabilities	271	265
Net deferred liabilities	271	265
Temporary Differences
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Prepayment and other investments	134	105
Deferred revenue	83	55
Accruals	118	136
Deemed distribution arising from carve out of Tencent Music Business	5	8
Others	10	4
Total deferred tax assets	350	308
Set-off of deferred tax liabilities pursuant to set-off provisions	(4)	(5)
Net deferred tax assets	346	303
Intangible assets acquired in business combinations	275	270
Total deferred tax liabilities	275	270
Net deferred liabilities	¥ 271	¥ 265

Taxation - Summary of Recovery

Taxation - Summary of Recovery of Deferred Income Tax (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets [Abstract]
to be recovered after more than 12 months	¥ 48	¥ 38
to be recovered within 12 months	298	265
Net deferred tax assets	346	303
Deferred tax liabilities [Abstract]
to be recovered after more than 12 months	201	203
to be recovered within 12 months	70	62
Net deferred liabilities	¥ 271	¥ 265

Taxation - Summary of Movements

Taxation - Summary of Movements of Deferred Income Tax Assets (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning balance	¥ 303
Ending balance	346	¥ 303
Deferred Tax Assets
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning balance	308	200
Credited/(charged) to income statement	42	108
Ending balance	350	308
Prepayment and Other Investments | Deferred Tax Assets
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning balance	105	61
Credited/(charged) to income statement	29	44
Ending balance	134	105
Deferred Revenue | Deferred Tax Assets
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning balance	55	46
Credited/(charged) to income statement	28	9
Ending balance	83	55
Accruals | Deferred Tax Assets
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning balance	136	74
Credited/(charged) to income statement	(18)	62
Ending balance	118	136
Others | Deferred Tax Assets
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Beginning balance	12	19
Credited/(charged) to income statement	3	(7)
Ending balance	¥ 15	¥ 12

Taxation - Summary of Movemen_2

Taxation - Summary of Movements of Deferred Income Tax Liabilities (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Intangible Assets [Line Items]
Beginning balance	¥ 265
Ending balance	271	¥ 265
Intangible Assets | Deferred Tax Liabilities
Disclosure Of Intangible Assets [Line Items]
Beginning balance	270	305
Credited to income statement	(71)	(70)
Business combinations	76	35
Ending balance	¥ 275	¥ 270

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings
Net income attributable to equity holders of the Company	¥ 3,029	¥ 4,155	¥ 3,982
Shares
Weighted average ordinary shares outstanding, used in computing basic earnings per share	3,321,067,177	3,313,527,847	3,272,754,403
Dilution effect- adjustments for share options and RSUs	41,978,580	46,932,912	74,817,935
Shares used in computing diluted earnings per share	3,363,045,757	3,360,460,759	3,347,572,338
Class A And Class B Ordinary Shares [Member]
Basic earnings per share calculation
Basic	¥ 0.91	¥ 1.25	¥ 1.22
Diluted earnings per share calculation
Diluted	0.90	1.24	1.19
American Depositary Shares [Member]
Basic earnings per share calculation
Basic	1.82	2.51	2.43
Diluted earnings per share calculation
Diluted	¥ 1.80	¥ 2.47	¥ 2.38

Property Plant and Equipment -

Property Plant and Equipment - Summary of Property Plant and Equipment (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Property Plant And Equipment [Line Items]
Cost	¥ 176	¥ 179
Additions	192	97
Business combinations	2	2
Disposals	(28)	(1)
Depreciation charge	(99)	(101)	¥ (88)
Closing net book amount	243	176	179
Gross carrying amount
Disclosure Of Property Plant And Equipment [Line Items]
Cost	452	364
Closing net book amount	609	452	364
Accumulated depreciation and amortisation [member]
Disclosure Of Property Plant And Equipment [Line Items]
Cost	(276)	(185)
Closing net book amount	(366)	(276)	(185)
Servers And Network Equipment
Disclosure Of Property Plant And Equipment [Line Items]
Cost	111	124
Additions	32	53
Business combinations	1	1
Disposals	(1)	(1)
Depreciation charge	(59)	(66)
Closing net book amount	84	111	124
Servers And Network Equipment | Gross carrying amount
Disclosure Of Property Plant And Equipment [Line Items]
Cost	315	264
Closing net book amount	344	315	264
Servers And Network Equipment | Accumulated depreciation and amortisation [member]
Disclosure Of Property Plant And Equipment [Line Items]
Cost	(204)	(140)
Closing net book amount	(260)	(204)	(140)
Leasehold improvements [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Cost	24	26
Additions	81	11
Disposals	(6)
Depreciation charge	(19)	(13)
Closing net book amount	80	24	26
Leasehold improvements [Member] | Gross carrying amount
Disclosure Of Property Plant And Equipment [Line Items]
Cost	67	59
Closing net book amount	137	67	59
Leasehold improvements [Member] | Accumulated depreciation and amortisation [member]
Disclosure Of Property Plant And Equipment [Line Items]
Cost	(43)	(33)
Closing net book amount	(57)	(43)	(33)
Office Furniture Equipment And Other
Disclosure Of Property Plant And Equipment [Line Items]
Cost	41	29
Additions	79	33
Business combinations	1	1
Disposals	(21)
Depreciation charge	(21)	(22)
Closing net book amount	79	41	29
Office Furniture Equipment And Other | Gross carrying amount
Disclosure Of Property Plant And Equipment [Line Items]
Cost	70	41
Closing net book amount	128	70	41
Office Furniture Equipment And Other | Accumulated depreciation and amortisation [member]
Disclosure Of Property Plant And Equipment [Line Items]
Cost	(29)	(12)
Closing net book amount	¥ (49)	¥ (29)	¥ (12)

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Property Plant And Equipment [Line Items]
Depreciation charged	¥ 99	¥ 101	¥ 88
Cost of Revenues [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Depreciation charged	66	74	64
Selling and Marketing Expenses [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Depreciation charged		1	1
General and Administrative Expenses [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Depreciation charged	¥ 33	¥ 26	¥ 23

Land use right - Summary of Qua

Land use right - Summary of Quantitative Information About Land Use Right (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Quantitative Information About Land Use Right [Line Items]
Beginning balance	¥ 311	¥ 148
Additions	1,064	889
Amortization charge	(779)	(637)	¥ (434)
Ending balance	283	311	¥ 148
Land [Member]
Disclosure Of Quantitative Information About Land Use Right [Line Items]
Beginning balance	0
Additions	1,504
Amortization charge	(9)
Ending balance	¥ 1,495	¥ 0

Land use right - Additional Inf

Land use right - Additional Information (Details)	12 Months Ended
	Dec. 31, 2021
Land [Member] | Mainland Of China [Member]
Disclosure Of Quantitative Information About Land Use Right [Line Items]
Remaining lease period	40 years

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, 2021	Dec. 31, 2020
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance	¥ 311	¥ 148
Inception of new leases	117	257
Depreciation charge	(123)	(86)
Disposal	(22)	(8)
Ending balance	283	311
Buildings
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance	309	136
Inception of new leases	117	257
Depreciation charge	(122)	(76)
Disposal	(22)	(8)
Ending balance	282	309
Others
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Beginning balance	2	12
Depreciation charge	(1)	(10)
Ending balance	¥ 1	¥ 2

Right-of -Use Assets - Addition

Right-of -Use Assets - Additional Information (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of quantitative information about right-of-use assets [abstract]
Interest expense on lease liabilities	¥ 15	¥ 9
Short-term leases expenses, charged to cost of revenue	295	238
Short-term leases expenses, charged to operating expenses	36	26
Cash outflow in financing activities	130	84
Principal elements of lease payments	116	78	¥ 56
Interest paid	¥ 14	¥ 6

Intangible Assets - Summary of

Intangible Assets - Summary of Intangible Assets (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jan. 01, 2020
Disclosure Of Intangible Assets [Line Items]
Cost	¥ 5,286	¥ 3,730		¥ 2,696
Accumulated amortization	(2,457)	(1,710)		(1,074)
Net book amount	2,829	2,020		1,622
Opening net book amount	2,020	1,622
Additions	1,064	889
Business combinations	524	146
Amortization charge	(779)	(637)	¥ (434)
Closing net book amount	2,829	2,020	1,622
Domain Name Trademark And Internet Audio Video Program Transmission License
Disclosure Of Intangible Assets [Line Items]
Cost	1,557	1,340		1,340
Accumulated amortization	(651)	(519)		(403)
Net book amount	906	821		937
Opening net book amount	821	937
Business combinations	217
Amortization charge	(132)	(116)
Closing net book amount	906	821	937
Copyrights [Member]
Disclosure Of Intangible Assets [Line Items]
Cost	2,672	1,554		544
Accumulated amortization	(1,011)	(524)		(170)
Net book amount	1,661	1,030		374
Opening net book amount	1,030	374
Additions	1,036	876
Business combinations	112	145
Amortization charge	(517)	(365)
Closing net book amount	1,661	1,030	374
Supplier resources [Member]
Disclosure Of Intangible Assets [Line Items]
Cost	335	335		335
Accumulated amortization	(278)	(226)		(175)
Net book amount	57	109		160
Opening net book amount	109	160
Amortization charge	(52)	(51)
Closing net book amount	57	109	160
Corporate Customer Relationships
Disclosure Of Intangible Assets [Line Items]
Cost	204	185		185
Accumulated amortization	(188)	(181)		(141)
Net book amount	16	4		44
Opening net book amount	4	44
Business combinations	19
Amortization charge	(7)	(40)
Closing net book amount	16	4	44
Non-compete agreements [Member]
Disclosure Of Intangible Assets [Line Items]
Cost	161	156		156
Accumulated amortization	(143)	(138)		(104)
Net book amount	18	18		52
Opening net book amount	18	52
Business combinations	5
Amortization charge	(5)	(34)
Closing net book amount	18	18	52
Other Intangible Assets
Disclosure Of Intangible Assets [Line Items]
Cost	357	160		136
Accumulated amortization	(186)	(122)		(81)
Net book amount	171	38		¥ 55
Opening net book amount	38	55
Additions	28	13
Business combinations	171	1
Amortization charge	(66)	(31)
Closing net book amount	¥ 171	¥ 38	¥ 55

Intangible Assets - Summary o_2

Intangible Assets - Summary of Amortization of Intangible Assets Allocated (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Intangible Assets [Line Items]
Amortization charge	¥ 779	¥ 637	¥ 434
Cost of Revenues [Member]
Disclosure Of Intangible Assets [Line Items]
Amortization charge	577	434	239
Selling and Marketing Expenses [Member]
Disclosure Of Intangible Assets [Line Items]
Amortization charge	19	41	42
General and Administrative Expenses [Member]
Disclosure Of Intangible Assets [Line Items]
Amortization charge	¥ 183	¥ 162	¥ 153

Goodwill - Summary of Goodwill

Goodwill - Summary of Goodwill (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Changes in goodwill [abstract]
Beginning balance	¥ 17,492	¥ 17,140
Business combinations	1,641	352
Disposals	(12)
Ending balance	¥ 19,121	¥ 17,492

Goodwill - Additional Informati

Goodwill - Additional Information (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2016
Disclosure Of Reconciliation Of Changes In Goodwill [Line Items]
Goodwill, related to reverse acquisition			¥ 17,800,000,000
Goodwill impairment	¥ 0	¥ 0
Online Music and Social Entertainment [Member]
Disclosure Of Reconciliation Of Changes In Goodwill [Line Items]
Terminal growth rate	3.00%	3.00%
Revenue growth rate	5.00%
Other Business [Member]
Disclosure Of Reconciliation Of Changes In Goodwill [Line Items]
Terminal growth rate	3.00%	3.00%
Pre-tax discount rates	16.00%
Bottom of range [Member] | Online Music and Social Entertainment [Member]
Disclosure Of Reconciliation Of Changes In Goodwill [Line Items]
Pre-tax discount rates	14.00%
Bottom of range [Member] | Other Business [Member]
Disclosure Of Reconciliation Of Changes In Goodwill [Line Items]
Pre-tax discount rates		15.00%
Top of range [Member] | Online Music and Social Entertainment [Member]
Disclosure Of Reconciliation Of Changes In Goodwill [Line Items]
Pre-tax discount rates		13.00%
Top of range [Member] | Other Business [Member]
Disclosure Of Reconciliation Of Changes In Goodwill [Line Items]
Pre-tax discount rates		17.50%
Revenue growth rate	26.00%

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments accounted for using equity method [abstract]
Investments in associates	¥ 3,522	¥ 2,196
Investments in joint ventures	77	59
Investments accounted for using equity method	¥ 3,599	¥ 2,255	¥ 489

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Share of (loss)/profit of investments accounted for using equity method:
Associates	¥ (45)	¥ 23	¥ (9)
Joint ventures	(2)	(4)	(9)
Share of (loss)/profit of investments accounted for using equity method	¥ (47)	¥ 19	¥ (18)

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments accounted for using equity method [abstract]
At January 1		¥ 2,255	¥ 489
Additions	[1]	1,550	1,923
Business combinations			4
Share of profit/(loss)		(47)	19	¥ (18)
Share of other comprehensive (losses)/income		4	(9)	(1)
Step acquisition accounted for as business combination		(26)	(21)
Impairment provision	[2]		(4)
Currency translation differences		(60)	(146)
Dividend received		(77)
At December 31		¥ 3,599	¥ 2,255	¥ 489
[1]	In January 2021, the Group completed the additional investment in certain equity interests in a consortium, Concerto Partners LLC (“Concerto”), which is led by Tencent to acquire an additional 10% equity stake in Universal Music Group (“UMG”), for an investment consideration of EUR161 million (equivalent to approximately RMB1,270 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 their financial positions, business performances and market capitalization. During the year ended December 31, 2020, the impairment losses recognized mainly resulted from revisions of financial business outlook of the associates and changes in the market environment of the underlying businesses. During the year ended December 31, 2021, no impairment loss was recognized.

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		12 Months Ended
	Mar. 31, 2021EUR (€)	Mar. 31, 2021CNY (¥)	Dec. 31, 2021CNY (¥)
Investment Accounted For Using Equity Method [Line Items]
Investments accounted for using equity method	€ 161	¥ 1,270
Impairment loss			¥ 0
Consortium concerto
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 - Summary of Financial Assets at Fair Value Through Other Comprehensive Income (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
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	¥ 9,771
Currency translation differences	(378)	¥ (1,286)	¥ 261
At end of the year	7,302	9,771
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	9,771	4,461
Addition		708
Disposal	(163)
Fair value change	(2,128)	5,219
Currency translation differences	(178)	(617)
At end of the year	¥ 7,302	¥ 9,771	¥ 4,461

Financial Assets at Fair Valu_3

Financial Assets at Fair Value - Summary of Movement of Other Investment (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Other investments
Disclosure Of Financial Assets Designated As Measured At Fair Value Through Profit Or Loss [Line Items]
At beginning of the year	¥ 386	¥ 255
Additions		132
Fair value change	53
Disposal	(200)	(1)
Currency translation differences	(3)
At end of the year	236	386
Current	37	37
Non-current	199	349
Short term investments [Member]
Disclosure Of Financial Assets Designated As Measured At Fair Value Through Profit Or Loss [Line Items]
At beginning of the year	0	6
Additions	5,616	0
Fair value change	52	0
Business combinations	100	0
Disposal	(4,739)	(6)
At end of the year	¥ 1,029	¥ 0

Prepayments, deposits and other

Prepayments, deposits and other - Summary of Prepayments, deposits and other assets (Detail) - CNY (¥) ¥ in Millions	Dec. 31, 2021	Dec. 31, 2020
Included in non-current assets
Prepaid contents royalties	¥ 743	¥ 956
Prepayments, deposits and other assets	743	956
Included in current assets
Prepaid contents royalties	1,755	1,882
Value-added tax recoverable	136	149
Prepaid vendors deposits and other receivables	404	484
Prepaid promotion and other expenses	329	239
Others	56	53
Prepayments, deposits and other assets	2,731	2,846
Tencent
Included in current assets
Receivable from Tencent (Note 31(b))	¥ 51	¥ 39

Accounts Receivables - Summary

Accounts Receivables - Summary of Accounts Receivable and Ageing Analysis (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts Receivable [Line Items]
Accounts receivable	¥ 3,630	¥ 2,814
Less: loss allowance for expected credit losses	(20)	(14)	¥ (11)
Accounts receivable, net	3,610	2,800
Ageing analysis of the accounts receivable based on invoice date
Accounts Receivable [Line Items]
Accounts receivable	3,630	2,814
Up to 3 months | Ageing analysis of the accounts receivable based on invoice date
Accounts Receivable [Line Items]
Accounts receivable	2,804	2,490
3 to 6 months | Ageing analysis of the accounts receivable based on invoice date
Accounts Receivable [Line Items]
Accounts receivable	321	165
Over 6 months | Ageing analysis of the accounts receivable based on invoice date
Accounts Receivable [Line Items]
Accounts receivable	¥ 505	¥ 159

Accounts Receivable - Summary o

Accounts Receivable - Summary of Loss Allowances for Accounts Receivable (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Trade And Other Receivables [Abstract]
Beginning Balance	¥ 14	¥ 11
Provision for loss allowance recognized in income statement	9	8
Receivables written off during the year as uncollectible	(3)	(5)
Ending Balance	¥ 20	¥ 14

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, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash and cash equivalents [abstract]
Cash at bank	¥ 6,591	¥ 11,108
Term deposits with initial terms within three months	0	20
Cash and cash equivalents	¥ 6,591	¥ 11,128	¥ 15,426	¥ 17,356

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 (¥)	Mar. 31, 2018USD ($)	Dec. 31, 2021CNY (¥)shares	Dec. 31, 2020CNY (¥)shares	Dec. 31, 2019CNY (¥)shares
Disclosure Of Classes Of Share Capital [Line Items]
Beginning balance			¥ 52,731	¥ 43,678	¥ 37,772
Issuance of ordinary shares	¥ 803	$ 123			12
Expiry of put right of puttable ordinary shares			535
Shares held for share award schemes			(105)	(47)	(31)
Repurchase of shares			(3,561)	(134)
Ending balance			¥ 51,055	¥ 52,731	¥ 43,678
Share Capital [Member]
Disclosure Of Classes Of Share Capital [Line Items]
Balance, shares | shares			3,385,143,738	3,355,065,938	3,265,986,486
Issuance of ordinary shares | shares			5,010,526		280,512
Number of shares allotted and issued for share award schemes | shares				30,077,800	88,798,940
Balance, shares | shares			3,390,154,264	3,385,143,738	3,355,065,938
Beginning balance			¥ 2	¥ 2	¥ 2
Ending balance			2	2	2
Additional Paid-In Capital [Member]
Disclosure Of Classes Of Share Capital [Line Items]
Beginning balance			35,044	34,425	33,776
Issuance of ordinary shares					12
Expiry of put right of puttable ordinary shares			535
Value of employee service			659	619	637
Ending balance			36,238	35,044	34,425
Shares Held for Share Award Schemes [Member]
Disclosure Of Classes Of Share Capital [Line Items]
Beginning balance			(78)	(31)
Shares held for share award schemes			(105)	(47)	(31)
Ending balance			(183)	(78)	¥ (31)
Treasury shares [member]
Disclosure Of Classes Of Share Capital [Line Items]
Beginning balance			(134)
Value of employee service			35
Repurchase of shares			(3,561)	(134)
Ending balance			¥ (3,660)	¥ (134)

Share Capital - Schedule of C_2

Share Capital - Schedule of Classes of Share Capital (Parenthetical) (Details) - $ / shares	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
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, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Classes Of Share Capital [Line Items]
Share capital	¥ 2,000,000	¥ 2,000,000
Share Capital [Member]
Disclosure Of Classes Of Share Capital [Line Items]
Number of shares issued	3,390,154,264	3,385,143,738	3,355,065,938	3,265,986,486
Share capital	¥ 2,000,000	¥ 2,000,000
Class A Ordinary Shares | Share Capital [Member]
Disclosure Of Classes Of Share Capital [Line Items]
Number of shares issued	1,675,015,086	1,670,004,560
Share capital	¥ 1,000,000	¥ 1,000,000
Class B Ordinary Shares | Share Capital [Member]
Disclosure Of Classes Of Share Capital [Line Items]
Number of shares issued	1,715,139,178	1,715,139,178
Share capital	¥ 1,000,000	¥ 1,000,000

Share Capital - Additional Info

Share Capital - Additional Information (Detail) $ in Millions	Dec. 15, 2021	Mar. 29, 2021	Feb. 20, 2019USD ($)shares	Mar. 31, 2021USD ($)	Mar. 31, 2018CNY (¥)	Mar. 31, 2018USD ($)	Dec. 31, 2021CNY (¥)shares	Dec. 31, 2020CNY (¥)shares	Dec. 31, 2019CNY (¥)shares	Dec. 31, 2019USD ($)shares
Disclosure Of Classes Of Share Capital [Line Items]
Proceed from issuance of shares					¥ 437,000,000	$ 67
Share schemes trust withheld amount							¥ (105,000,000)	¥ (47,000,000)	¥ (31,000,000)
Payments for repurchase of shares							3,479,000,000	134,000,000
Repurchase of shares							(3,561,000,000)	(134,000,000)
Share Repurchase Scheme [Member]
Disclosure Of Classes Of Share Capital [Line Items]
Payments for repurchase of shares							553,000,000	19,000,000
American Depositary Shares [Member]
Disclosure Of Classes Of Share Capital [Line Items]
Repurchase of shares							¥ 49,046,329	¥ 1,936,742
Period Of Shares Repurchased	12 months	12 months
Class A Ordinary Shares
Disclosure Of Classes Of Share Capital [Line Items]
Maximum repurchase amount | $				$ 1,000
Proceed from issuance of shares | $			$ 1.8
Issuance of ordinary shares, Shares | shares			280,512
Share schemes trust withheld | shares							1,878,732	1,046,852	617,634	617,634
Share schemes trust withheld amount							¥ 105,000,000	¥ 47,000,000	¥ 31,000,000
Shares held for share scheme Trust | shares							16,297,722	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

Schedule of Other Reserve (Deta

Schedule of Other Reserve (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Reserves Within Equity [Line Items]
Beginning balance	¥ 52,731	¥ 43,678	¥ 37,772
Currency translation differences	(378)	(1,286)	261
Fair value changes on financial assets at fair value through other comprehensive income	(2,128)	5,219	1,031
Share of other comprehensive losses of an associate	4	(9)	(1)
Share based compensation	647	569	519
Exercise of share options/RSU	48	190	172
Additional investments in non-wholly owned subsidiaries	(19)	(2)	(84)
Ending balance	51,055	52,731	43,678
Other reserves [member]
Disclosure Of Reserves Within Equity [Line Items]
Beginning balance	6,300	2,187	903
Currency translation differences	(378)	(1,286)	261
Fair value changes on financial assets at fair value through other comprehensive income	(2,128)	5,219	1,031
Transfer of gains on disposal of financial instruments to retained earnings	(56)
Share of other comprehensive losses of an associate	4	(9)	(1)
Share based compensation	647	569	519
Exercise of share options/RSU	(646)	(429)	(465)
Additional investments in non-wholly owned subsidiaries	(19)	(2)	(76)
Profit appropriations to PRC statutory reserves	2	51	15
Ending balance	3,726	6,300	2,187
Share-based compensation reserve
Disclosure Of Reserves Within Equity [Line Items]
Beginning balance	1,610	1,470	1,416
Share based compensation	647	569	519
Exercise of share options/RSU	(646)	(429)	(465)
Ending balance	1,611	1,610	1,470
Contribution From Ultimate Holding Company
Disclosure Of Reserves Within Equity [Line Items]
Beginning balance	463	463	463
Ending balance	463	463	463
PRC statutory reserve
Disclosure Of Reserves Within Equity [Line Items]
Beginning balance	145	94	79
Profit appropriations to PRC statutory reserves	2	51	15
Ending balance	147	145	94
Foreign currency translation reserve
Disclosure Of Reserves Within Equity [Line Items]
Beginning balance	(574)	712	451
Currency translation differences	(378)	(1,286)	261
Ending balance	(952)	(574)	712
Fair value reserve
Disclosure Of Reserves Within Equity [Line Items]
Beginning balance	5,575	356	(675)
Fair value changes on financial assets at fair value through other comprehensive income	(2,128)	5,219	1,031
Transfer of gains on disposal of financial instruments to retained earnings	(56)
Ending balance	3,391	5,575	356
Others | Other reserves [member]
Disclosure Of Reserves Within Equity [Line Items]
Beginning balance	(919)	(908)	(831)
Share of other comprehensive losses of an associate	4	(9)	(1)
Additional investments in non-wholly owned subsidiaries	(19)	(2)	(76)
Ending balance	¥ (934)	¥ (919)	¥ (908)

Share Based Compensation - Addi

Share Based Compensation - Additional Information (Details)	12 Months Ended
	Dec. 31, 2021USD ($)$ / sharesshares	Dec. 31, 2021USD ($)¥ / sharesshares	Dec. 31, 2020USD ($)$ / shares	Dec. 31, 2020USD ($)¥ / shares	Dec. 31, 2019USD ($)$ / shares	Dec. 31, 2019USD ($)¥ / shares	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Bottom of range
Disclosure Of Share Based Compensation [Line Items]
Expected retention rate	87.00%	87.00%
Top of range [Member]
Disclosure Of Share Based Compensation [Line Items]
Expected retention rate	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 | $ / shares	$ 209.78		$ 226.30
Weighted average fair value at measurement date, share options granted | ¥							¥ 64,830,000	¥ 69,290,000
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.
Weighted average fair value at measurement date, share options granted	$ 5.82	$ 5.82	$ 6.68	$ 6.68	$ 7.07	$ 7.07	¥ 37.06	¥ 42.57	¥ 45.05
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.
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
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.
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)	$ 9.52	$ 60.68	$ 7.66	$ 48.81	$ 6.79	$ 43.27
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.
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 firstanniversary 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 firstanniversary 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	options shall vest upon the first anniversary of the grant date, and in the event of the Company’s completion of an IPO.	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 | shares	96,704,847	96,704,847
Weighted average price of the shares at the time of options exercised | (per share)	$ 9.90	$ 63.07	$ 6.76	$ 43.08	$ 7.46	$ 47.54

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, 2021USD ($)shares$ / shares	Dec. 31, 2020USD ($)shares$ / shares	Dec. 31, 2019USD ($)shares$ / shares
2014 Share Incentive Plan
Disclosure Of Share Based Compensation [Line Items]
Number of options outstanding beginning balance | shares	5,983,900	13,897,304	56,736,209
Exercised | shares	(2,992,122)	(7,866,422)	(42,091,694)
Forfeited | shares	0	(46,982)	(747,211)
Number of options outstanding ending balance | shares	2,991,778	5,983,900	13,897,304
Number of options Vested and expected to vest | shares	2,991,778	5,983,900	13,670,469
Number of options exercisable | shares	2,991,778	5,983,900	12,007,012
Number of options non vested | shares	0	0	1,890,292
Weighted-average exercise price options outstanding beginning balance | $ / shares	$ 0.23	$ 0.23	$ 0.19
Weighted-average grant date fair value options exercised | $ / shares	0.24	0.23	0.18
Weighted-average exercise price options forfeited | $ / shares		0.27	0.20
Weighted-average exercise price options outstanding ending balance | $ / shares	$ 0.22	$ 0.23	$ 0.23
Weighted-average exercise price options Vested and expected to vest	$ 0.22	$ 0.23	$ 0.23
Weighted-average exercise price options exercisable | $ / shares	$ 0.22	$ 0.23	$ 0.23
Weighted-average exercise price options non vested			$ 0.24
Weighted-average grant date fair value options outstanding beginning balance	$ 1.93	$ 1.92	1.94
Weighted-average grant date fair value options exercised	1.92	1.91	1.97
Weighted-average grant date fair value options forfeited		1.91	2.04
Weighted-average grant date fair value options outstanding ending balance	1.94	1.93	1.92
Weighted-average grant date fair value options vested and expected to vest	1.94	1.93	1.92
Weighted-average grant date fair value options exercisable	$ 1.94	$ 1.93	1.91
Weighted-average grant date fair value options non vested			$ 1.92
2017 Restricted Share Scheme and 2017 Option Plan
Disclosure Of Share Based Compensation [Line Items]
Number of options outstanding beginning balance | shares	21,151,186	26,640,508	36,086,303
Granted | shares	8,543,982	4,992,390	1,993,780
Exercised | shares	(4,360,740)	(10,026,018)	(9,696,202)
Forfeited | shares	(541,488)	(455,694)	(1,743,373)
Number of options outstanding ending balance | shares	24,792,940	21,151,186	26,640,508
Number of options Vested and expected to vest | shares	23,552,634	20,097,190	25,329,481
Number of options exercisable | shares	9,580,612	4,762,058	6,065,968
Number of options non vested | shares	15,212,328	16,389,128	20,574,540
Weighted-average exercise price options outstanding beginning balance | $ / shares	$ 4.45	$ 3.43	$ 2.75
Weighted-average exercise price options granted | $ / shares	5.54	6.44	7.05
Weighted-average grant date fair value options exercised | $ / shares	1.92	2.64	1.78
Weighted-average exercise price options forfeited | $ / shares	5.70	6.27	2.67
Weighted-average exercise price options outstanding ending balance | $ / shares	$ 5.24	$ 4.45	$ 3.43
Weighted-average exercise price options Vested and expected to vest	$ 5.21	$ 4.44	$ 3.44
Weighted-average exercise price options exercisable | $ / shares	$ 4	$ 3.05	$ 2.45
Weighted-average exercise price options non vested	$ 6.03	$ 4.86	$ 3.71
Weighted-average grant date fair value options outstanding beginning balance	2.68	2.39	2.24
Weighted-average grant date fair value options granted	2.81	2.70	3
Weighted-average grant date fair value options exercised	2.26	1.92	1.95
Weighted-average grant date fair value options forfeited	2.90	3.01	2.33
Weighted-average grant date fair value options outstanding ending balance	2.79	2.68	2.39
Weighted-average grant date fair value options vested and expected to vest	2.79	2.68	2.38
Weighted-average grant date fair value options exercisable	2.64	2.74	2.04
Weighted-average grant date fair value options non vested	$ 2.88	$ 2.66	$ 2.50

Share Based Compensation - Sc_2

Share Based Compensation - Schedule of Share Options Outstanding (Details)	12 Months Ended
	Dec. 31, 2021shares$ / shares	Dec. 31, 2020shares	Dec. 31, 2019shares	Dec. 31, 2018shares
2014 Share Incentive Plan
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Share options	2,991,778	5,983,900	13,897,304	56,736,209
Weighted average remaining contractual life of options outstanding at end of period:	3 years 11 months 19 days	5 years 3 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	192,800	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	0	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	292,744	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	179,020	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	403,284	700,882
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	63,760	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	196,016	599,658
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	50,746	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	72,634	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 30, 2016
Expiry date	Jun. 29, 2026
Exercise | $ / shares	$ 0.000076
Share options	0	81,638
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	$ 0.27
Share options	1,540,774	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	24,792,940	21,151,186	26,640,508	36,086,303
Weighted average remaining contractual life of options outstanding at end of period:	7 years 10 months 2 days	7 years 8 months 26 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	1,433,720	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	1,271,442	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	2,836,672	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	325,000	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	4,460,000	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	1,621,618	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. 11, 2030
Exercise | $ / shares	$ 6.20
Share options	4,093,832	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. 14, 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. 14, 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. 14, 2030
Exercise | $ / shares	$ 9.53
Share options	169,080	169,080
2017 Restricted Share Scheme and 2017 Option Plan | Exercise Price Range Eleven
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	May 15, 2021
Expiry date	May 14, 2031
Exercise | $ / shares	$ 7.61
Share options	1,262,240	0
2017 Restricted Share Scheme and 2017 Option Plan | Exercise Price Range Twelve
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	July 15, 2021
Expiry date	Jul. 14, 2031
Exercise | $ / shares	$ 6.37
Share options	148,130	0
2017 Restricted Share Scheme and 2017 Option Plan | Exercise Price Range Thirteen
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	July 30, 2021
Expiry date	Jul. 29, 2031
Exercise | $ / shares	$ 5.29
Share options	6,327,742	0
2017 Restricted Share Scheme and 2017 Option Plan | Exercise Price Range Fourteen
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	September 15, 2021
Expiry date	Sep. 14, 2031
Exercise | $ / shares	$ 4.24
Share options	254,952	0
2017 Restricted Share Scheme and 2017 Option Plan | Exercise Price Range Fifteen
Disclosure Of Rang Of Exercise Prices Of Outstanding Share Options [Line Items]
Grant Date	December 15, 2021
Expiry date	Dec. 14, 2031
Exercise | $ / shares	$ 3.32
Share options	307,792	0

Share Based Compensation - Sc_3

Share Based Compensation - Schedule of Movements in the number of RSUs and Awarded Shares (Details) - 2017 Restricted Share Scheme and 2017 Option Plan - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Share Based Compensation [Line Items]
Number of options outstanding beginning balance	41,011,362	26,659,516	13,724,100
Granted	19,136,384	24,156,236	19,567,514
Vested	(13,096,270)	(7,732,794)	(5,700,520)
Forfeited	(3,323,378)	(2,071,596)	(931,578)
Number of options outstanding ending balance	43,728,098	41,011,362	26,659,516
Expected to vest as at December 31	39,425,569	37,672,420	24,377,060

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Share Based Compensation [Line Items]
Expected dividend yield	0.00%	0.00%	0.00%
Contractual life	10 years	10 years	10 years
Bottom of range
Disclosure Of Share Based Compensation [Line Items]
Risk free interest rate	1.22%	0.71%	2.08%
Expected volatility range	43.50%	40.00%	40.00%
Exercise multiples	$ 2.2	$ 2.2	$ 2.2
Top of range [Member]
Disclosure Of Share Based Compensation [Line Items]
Risk free interest rate	1.63%	0.91%
Expected volatility range	50.00%	42.50%
Exercise multiples	$ 2.8	$ 2.8	$ 2.8

Notes payable - Summary of Note

Notes payable - Summary of Note Payable (Detail) - CNY (¥) ¥ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about borrowings [line items]
Notes payables	¥ 5,062	¥ 5,175
Aggregate principal	¥ 5,062	¥ 5,175

Notes payable - Additional Info

Notes payable - Additional Information (Detail) ¥ in Millions, $ in Millions	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Sep. 30, 2020USD ($)
Disclosure of Detailed Information Unsecured Senior Notes [Line Items]
Aggregate principal | ¥	¥ 5,062	¥ 5,175
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	12 Months Ended
	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)
Disclosure of Detailed Information Unsecured Senior Notes [Line Items]
Principal amount | $		$ 800
Borrowings | ¥	¥ 5,062		¥ 5,175
Senior Notes Tranch one [Member]
Disclosure of Detailed Information Unsecured Senior Notes [Line Items]
Principal amount | $		$ 300
Borrowings | ¥	¥ 1,903		1,945
Interest rate	1.375%	1.375%
Borrowings maturity	2025
Senior Notes Tranch Two [Member]
Disclosure of Detailed Information Unsecured Senior Notes [Line Items]
Principal amount | $		$ 500
Borrowings | ¥	¥ 3,159		¥ 3,230
Interest rate	2.00%	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, 2021	Dec. 31, 2020
Included in non-current liabilities
Government grants	¥ 2	¥ 2
Deferred income	30	66
Other non-current payables	32	68
Included in current liabilities
Dividend payable	12	12
Accrued expenses (note i)	3,133	2,717
Advances from customers	85	68
Investment payables	28	74
Other tax liabilities	131	137
Present value of liability of puttable shares (Note ii)		539
Deferred income	34	34
Share repurchase payables	82
Other deposits	99	94
Others	228	206
Other payables and other liabilities	¥ 3,832	¥ 3,881

Other Payables and Other Liab_4

Other Payables and Other Liabilities - Summary of Other Payables and Other Liabilities (Parenthetical) (Details) ¥ in Millions, $ in Millions	Jan. 01, 2021CNY (¥)	Mar. 31, 2018CNY (¥)shares	Mar. 31, 2018USD ($)shares	Dec. 31, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2019CNY (¥)
Other Payables And Other Liabilities [Line Items]
Ordinary shares issued | shares		24,757,517	24,757,517
Issuance of ordinary shares		¥ 803	$ 123			¥ 12
Proceed from issuance of shares		437	67
Business cooperation arrangements in turn of contents cooperation		¥ 365	$ 56
Lock up period of shares		3 years	3 years
Payments of cash in relation to put right				¥ 437	$ 67
Equity-settled share-based compensation				¥ 365	$ 56
Expiry Of Puttable Ordinary Shares | ¥	¥ 535

Deferred Revenue - Summary of C

Deferred Revenue - Summary of Contract Liabilities (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2021	Dec. 31, 2020
Contract liabilities [abstract]
Non-current	¥ 86	¥ 78
Current	1,834	1,608
Contract liabilities	¥ 1,920	¥ 1,686

Deferred Revenue - Additional I

Deferred Revenue - Additional Information (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
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	¥ 1,608	¥ 1,694	¥ 1,431

Business Combinations - Additio

Business Combinations - Additional Information (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Disclosure Of Business Combinations [Line Items]
Equity interests of acquirer	¥ 0		¥ 101
Music Content Company
Disclosure Of Business Combinations [Line Items]
Total aggregate consideration	2,231	¥ 2,231
Cash consideration		252
Equity interests of acquirer		¥ 216
Other Business Combination [Member]
Disclosure Of Business Combinations [Line Items]
Consideration	¥ 32

Business Combinations - Summary

Business Combinations - Summary of Amount of Identified Assets Acquired and Liabilities Assumed (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2016
Recognized amounts of identifiable assets acquired and liabilities assumed:
Goodwill			¥ 17,800
Music Content Company
Recognized amounts of identifiable assets acquired and liabilities assumed:
Purchase consideration	¥ 2,231	¥ 2,231
Cash and cash equivalents	196
Short-term investment	100
Accounts receivables	30
Intangible assets	496
Prepayments, deposits and other assets	7
Deferred revenue	(53)
Other payables and accruals	(30)
Account payable	(22)
Deferred tax liabilities	(73)
Goodwill	1,580
Identifiable assets acquired (liabilities assumed)	¥ 2,231

Cash Flow Information - Summary

Cash Flow Information - Summary of Cash Generated from Operations (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from (used in) operating activities [abstract]
Profit before income tax	¥ 3,632	¥ 4,632	¥ 4,540
Adjustments for:
Depreciation and amortization	1,001	824	583
Impairment provision for investments in associates (Note 17)		4	43
Loss allowance for expected credit losses (Note 20)	9	8	18
Non-cash employee benefits expense – share based payments (Note 8)	647	569	519
Fair value losses/(gains) on investments (Note 7)	(105)		37
Net (gains)/losses in relation to equity investments	10	(32)	(1)
Dividend income (Note 7)	(27)
Gain of step-up acquisition arising from business combination (Note 7)	(8)	(19)
Share of loss/(profit) of associates and joint ventures (Note 17)	47	(19)	18
Interest income (Note 6)	(530)	(622)	(615)
Fair value change on puttable shares	0	37	37
Interest expense	120	62	31
Net exchange differences	1	(2)	(4)
Increase in accounts receivable	(769)	(520)	(733)
Decrease/(increase) in inventories	(6)	8	9
(Increase)/decrease in other operating assets	408	(887)	(175)
Increase in accounts payable	631	644	717
Increase in other operating liabilities	309	258	1,164
Cash generated from operations	¥ 5,370	¥ 4,945	¥ 6,188

Cash Flow Information - Summa_2

Cash Flow Information - Summary of Non-cash Investing and Financing Activities (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2021	Dec. 31, 2020
Statement Of Non Cash Investing And Financing Activities [Abstract]
Equity interests in certain subsidiaries as consideration for business combination (Note 28)	¥ 0	¥ 101

Financial Instruments by Cate_3

Financial Instruments by Category - Summary of Financial Instruments by Category (Details) - IFRS9 - CNY (¥) ¥ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Financial Instruments [Line Items]
Financial assets	¥ 36,110	¥ 42,307
Other investments	236	386
Financial assets at fair value through other comprehensive income	7,302	9,771
Financial liabilities	11,703	11,333
Notes payable
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	5,062	5,175
Accounts Payable
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	4,422	3,701
Other Payables and Other Liabilities
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	1,922	2,136
Lease Liabilities
Disclosure Of Financial Instruments [Line Items]
Financial liabilities	297	321
Trade Receivables
Disclosure Of Financial Instruments [Line Items]
Financial assets	3,610	2,800
Other Receivables
Disclosure Of Financial Instruments [Line Items]
Financial assets	270	411
Short-term Investments
Disclosure Of Financial Instruments [Line Items]
Financial assets	1,029
Cash And Cash Equivalent
Disclosure Of Financial Instruments [Line Items]
Financial assets	6,591	11,128
Term Deposits
Disclosure Of Financial Instruments [Line Items]
Financial assets	17,072	17,811
Financial Assets at Amortized Cost
Disclosure Of Financial Instruments [Line Items]
Financial assets	27,543	32,150
Financial Assets at Amortized Cost | Trade Receivables
Disclosure Of Financial Instruments [Line Items]
Financial assets	3,610	2,800
Financial Assets at Amortized Cost | Other Receivables
Disclosure Of Financial Instruments [Line Items]
Financial assets	270	411
Financial Assets at Amortized Cost | Cash And Cash Equivalent
Disclosure Of Financial Instruments [Line Items]
Financial assets	6,591	11,128
Financial Assets at Amortized Cost | Term Deposits
Disclosure Of Financial Instruments [Line Items]
Financial assets	17,072	17,811
Financial Assets at Fair Value Through Profit and Loss
Disclosure Of Financial Instruments [Line Items]
Financial assets	1,265	386
Other investments	236	386
Financial Assets at Fair Value Through Other Comprehensive Income
Disclosure Of Financial Instruments [Line Items]
Financial assets	7,302	9,771
Financial assets at fair value through other comprehensive income	7,302	¥ 9,771
Short-term investments
Disclosure Of Financial Instruments [Line Items]
Financial assets	¥ 1,029

Commitments - Summary of Future

Commitments - Summary of Future Minimum Commitments for Non Cancellable Operating Commitments (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Future Minimum Commitments For Non Cancellable Operating Lease [Line Items]
Future minimum commitments for non-cancellable operating commitment	¥ 372	¥ 485
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	348	462
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	¥ 24	¥ 23

Commitments - Summary of Minimu

Commitments - Summary of Minimum Royalty Payments Under Licensing Agreement (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Minimum Royalty Payments [Line Items]
Minimum royalty payments under licensing agreement	¥ 3,700	¥ 4,627
Not later than one year
Disclosure Of Minimum Royalty Payments [Line Items]
Minimum royalty payments under licensing agreement	2,511	3,356
Later than one year and not later than five years
Disclosure Of Minimum Royalty Payments [Line Items]
Minimum royalty payments under licensing agreement	¥ 1,189	¥ 1,271

Commitments - Additional Inform

Commitments - Additional Information (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of investment Commitments [Line Items]
Investment commitments	¥ 513	¥ 1,700

Related Party Transactions - Su

Related Party Transactions - Summary of Major Related Parties and Relationships with the Group (Details)	12 Months Ended
	Dec. 31, 2021
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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Transactions Between Related Parties [Line Items]
Operation expenses recharged by Tencent Group	¥ 6,687	¥ 5,576	¥ 4,744
Promotion and advertising expenses	2,387	2,227	1,823
Tencent Group [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Operation expenses recharged by Tencent Group	1,260	1,082	752
Promotion and advertising expenses	652	440	231
Tencent Group [Member] | Online Music Services [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Online music services to Tencent Group (note (i))	364	277	355
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))	412	206	40
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))	170	213	21
Associates
Disclosure Of Transactions Between Related Parties [Line Items]
Content royalties to Tencent Group, the Company's associates and associates of Tencent Group	541	306	132
Other costs to the Company's associates and associates of Tencent Group	¥ 176	¥ 48	¥ 25

Related Party Transactions - _3

Related Party Transactions - Summary of Balances with Related Parties (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2021	Dec. 31, 2020
Tencent Group [Member]
Disclosure Of Balances With Related Parties [Line Items]
Accounts Receivable	¥ 2,510	¥ 1,993
Prepayments, Deposits and Other Assets	51	39
Accounts Payable	719	763
Other Payables and Accruals	440	237
The Company's Associates and Associates of Tencent Group [Member]
Disclosure Of Balances With Related Parties [Line Items]
Accounts Receivable	90	48
Prepayments, Deposits and Other Assets	142	64
Accounts Payable	198	37
Other Payables and Accruals	¥ 55	¥ 46

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Transactions Between Related Parties [Line Items]
Short-term employee benefits	¥ 70	¥ 62	¥ 65
Share-based compensation	153	205	233
Key management personnel compensation	¥ 223	¥ 267	¥ 298

Related party transactions - Ad

Related party transactions - Additional Information (Detail) - CNY (¥) ¥ in Millions	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Disclosure of transactions between related parties [line items]
Total minimum guarantee profit	¥ 250
Intangible assets	¥ 2,829	¥ 2,020		¥ 1,622
Tencent Group [Member]
Disclosure of transactions between related parties [line items]
Intangible assets			¥ 227

Contingent Liabilities - Additi

Contingent Liabilities - Additional Information (Details) ¥ in Millions	Dec. 31, 2021CNY (¥)
Disclosure Of Contingent Liabilities In Business Combination [Abstract]
Contingent liabilities amount of damages sought	¥ 57

Events Occurring after the Re_2

Events Occurring after the Reporting Period - Additional Information (Details) ¥ in Millions, $ in Millions	1 Months Ended
	Mar. 31, 2022CNY (¥)	Mar. 31, 2022USD ($)
Shenzhen [Member]
Disclosure Of Nonadjusting Events After Reporting Period [Line Items]
Cash transferred	¥ 526
Shenzhen [Member] | Land Use Right Assets [Member]
Disclosure Of Nonadjusting Events After Reporting Period [Line Items]
Land use right assets acquired	¥ 1,050
M And E Mobile Limited [Member]
Disclosure Of Nonadjusting Events After Reporting Period [Line Items]
Consideration | $		$ 39
Additional investment on equity interest percentage	25.00%	25.00%