Tencent Music released its Q4 and full-year financial reports for 2021 on Monday, which revealed that revenues for the full year increased by 7.2% in a year to RMB 31.24 billion ($4.90 billion). Revenue from music subscriptions hit RMB 7.33 billion for the year, a yearly increase of 31.9%. However, the company’s total revenues for Q4 fell 8.7% to RMB 7.61 billion, while the company’s monthly active mobile users fell by 1.1% to 615 million in Q4. The report also noted comments from Tencent Music executive chairman Cussion Pang, who stated that it is currently pursuing a secondary listing on the Main Board of the Hong Kong stock exchange to provide shareholders with “greater liquidity and protection amid an evolving regulatory environment”. [Tencent Music]