Good morning, ladies and gentlemen. I am Cussion Pang, the CEO of Tencent Music Entertainment Group. As Tencent Music Entertainment Group makes its debut on the New York Stock Exchange today, on behalf of the Group, I am honored to say a few words to reflect on this significant milestone.
Fifteen years ago, we embarked on a journey to digitize and transform the music industry in China. Our entry point was adding a music feature to Tencent's social platform. From there onward, we launched a series of stand-alone online music platforms, including QQ Music, Kugou Music, and Kuwo Music. We have been consistently driving the growth of the music industry and exploring innovative business models. At the same time, we forged industry alliances with our peers to advocate music copyright protection, establishing a better environment to nurture China’s music industry.
All of these efforts have now come to fruition: we are proud to be a key contributor to the movement that has led to a thriving music ecosystem in which copyright is respected and protected. This has significantly benefited all music constituents - music labels, musicians and artists - allowing them to be fully rewarded for their efforts. This has enabled creativity to thrive, and stimulated the continued creation of quality music and memorable songs.
For more than a decade in the music industry, TME has survived and thrived on many challenges and adversities in pursuit of excellence. We have built various operations across the whole music industry value chain, thus forming an ecosystem in which our entire business can flourish.
With the dedicated efforts of our 2,000-plus employees, the TME team has incubated and launched many innovative products on our all-in-one music entertainment platform, bringing the market an interactive and enjoyable user experience of discovering, listening, watching, singing, and socializing through music. The seamless integration of music content and services across our platform lets our hundreds of millions of users immerse themselves in the music they love.
But we can never succeed on our own. Our shareholders and our business partners have provided unwavering support in all seasons. Without you, we would not have been able to stand tall today at the New York Stock Exchange. On behalf of Tencent Music Entertainment Group, I thank you! Also, I would like to express my deepest gratitude to all the musicians, singers, performers, audiences, and users that have helped transform the Chinese music industry.
Nevertheless, what we have achieved so far is only a small fraction of what lies ahead. We will remain true to our original aspiration and our mission -- to use technology to elevate the role of music in people’s lives, by enabling them to create, enjoy, share and interact with music.
Thank you! We’ll see you all at the opening bell ringing ceremony. Let’s witness this historic moment together.