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Eltek Ltd. Reports Second-Quarter 2026 Results

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PETACH TIKVA, Israel, Aug. 18, 2026 /PRNewswire/ — Eltek Ltd. (NASDAQ: ELTK), a leading global manufacturer of high-quality printed circuit boards, today announced its financial results for the quarter ended June 30, 2026.

Second Quarter 2026 Highlights

Revenues were $11.5 millionOperating loss was $2.5 millionNet loss was $2.7 million or $0.41 per fully diluted shareNet cash provided by operating activities amounted to $0.7 million.

Eli Yaffe, Chief Executive Officer, stated:

“Our second-quarter 2026 results reflected a loss as we remain in an important transition period focused on stabilizing our manufacturing operations and building the human and operational infrastructure required to support our next phase of growth. The stabilization of our production system and the integration of our new production lines are progressing, although the process is not yet complete.

We are well advanced in the implementation of our new ERP system, which we believe will provide a stronger foundation for managing and scaling our operations. We are also completing the installation of our newly arrived PCB plating line, while conducting acceptance testing in parallel, and expect to begin the qualification process during the third quarter.

Although the transition is not yet complete, we are making steady progress across the key areas of our business. We remain focused on completing the stabilization of our manufacturing operations, strengthening our organization and infrastructure and improving operational efficiency. We believe these steps are establishing a stronger foundation for improved operational and financial performance in the periods ahead.”

Second Quarter 2026 GAAP Financial Results
Revenues for the second quarter of 2026 were $11.5 million compared to $12.5 million in the second quarter of 2025.

Gross loss for the second quarter of 2026 was $1.0 million compared to gross profit of $3.0 million (24% of revenues) in the second quarter of 2025.

Operating loss for the second quarter of 2026 was $2.5 million compared to operating profit of $1.5 million in the second quarter of 2025.

Financial expenses for the second quarter of 2026 were $0.7 million compared to $1.0 million in the second quarter of 2025. Financial expenses primarily resulted from the erosion of the U.S. dollar against the NIS.

Net loss for the second quarter of 2026 was $2.7 million or $0.41 per fully diluted share compared to net income of $0.4 million or $0.05 per fully diluted share in the second quarter of 2025.

Second Quarter 2026 Non-GAAP Financial Results
EBITDA loss for the second quarter of 2026 was $1.9 million compared to EBITDA of $2.0 million (15.6% of revenues) in the second quarter of 2025.

Six Months Ended June 30, 2026 GAAP Financial Results
Revenues for the first six months of 2026 were $22.0 million compared to $25.3 million in the first six months of 2025.

Gross loss for the first six months of 2026 was $2.8 million compared to gross profit of $5.2 million (21% of revenues) in the first six months of 2025.

Operating loss for the first six months of 2026 was $5.8 million compared to operating profit of $2.2 million in the first six months of 2025.

Financial expenses for the first six months of 2026 were $0.8 million compared to $0.5 million in the first six months of 2025. Financial expenses primarily resulted from the erosion of the U.S. dollar against the NIS.

Net loss for the first six months of 2026 was $5.6 million or $0.83 per fully diluted share compared to net profit of $1.4 million or $0.20 per fully diluted share in the first six months of 2025.

Six Months Ended June 30, 2026 Non-GAAP Financial Results
EBITDA loss for the first six months of 2026 was a $4.6 million compared to EBITDA of $3.1 million (12% of revenues) in the first six months of 2025.

About our Non-GAAP Financial Information
The Company reports financial results in accordance with U.S. GAAP and herein provides EBITDA, a non-GAAP measure. This non-GAAP measure is not in accordance with, nor is it a substitute for, GAAP measures. This non-GAAP measure is intended to supplement the Company’s presentation of its financial results that are prepared in accordance with GAAP. The Company uses the non-GAAP measure presented to evaluate and manage the Company’s operations internally. The Company is also providing this information to assist investors in performing additional financial analysis. Reconciliation between the Company’s results on a GAAP and non-GAAP basis is provided in a table below.

Conference Call
Today, Tuesday, August 18, 2026, at 8:30am Eastern Time (15:30pm Israel Time, 5:30am Pacific Time), Eltek will conduct a conference call to discuss the results. The call will feature remarks by Eli Yaffe, Chief Executive Officer and Ron Freund, Chief Financial Officer.

To participate, please call the following teleconference numbers. Please allow for additional time to connect prior to the call:

United States:  1-866-860-9642
Israel:  03-918-0691
International:  +972-3-918-0691

To Access a Replay of the Call
A replay of the call will be available for 30 days on the Investor Info section on Eltek’s corporate website at http://www.nisteceltek.com approximately 24 hours after the conference call is completed.

About Eltek
Eltek – “Innovation Across the Board”, is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs) and is an Israeli leading company in this industry. PCBs are the core circuitry of most electronic devices. Eltek specializes in the manufacture and supply of complex and high-quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market. Eltek is ITAR compliant and has AS-9100 and NADCAP Electronics certifications. Its customers include leading companies in the defense, aerospace and medical industries in Israel, the United States, Europe and Asia.

Eltek was founded in 1970. The Company’s headquarters, R&D, production and marketing center are located in Israel. Eltek also operates through its subsidiary in North America and by agents and distributors in Europe, India, South Africa and South America.

For more information, visit Eltek’s web site at www.nisteceltek.com

Forward Looking Statement 
Some of the statements included in this press release may be forward-looking statements that involve a number of risks and uncertainties including, but not limited to expected results in future quarters, the impact of currency movements between the US Dollar exchange rate against the Israeli Shekel, the impact of the Coronavirus on the economy and our operations, risks in product and technology development and rapid technological change, product demand, the impact of competitive products and pricing, market acceptance, the sales cycle, changing economic conditions and other risk factors detailed in the Company’s Annual Report on Form 20-F and other filings with the United States Securities and Exchange Commission. Any forward-looking statements set forth in this press release speak only as of the date of this press release. The information found on our website is not incorporated by reference into this press release and is included for reference purposes only.

Investor Contact
Ron Freund
Chief Financial Officer
Investor-Contact@nisteceltek.com
+972-3-939-5023

 

Eltek Ltd.

Consolidated Statements of Income

U.S dollars in thousands (except per share data)

Three months ended

Six months ended

June 30,

June 30,

2026

2025

2026

2025

Revenues

11,534

12,529

21,970

25,285

Costs of revenues

(12,498)

(9,510)

(24,786)

(20,054)

Gross profit (loss)

(964)

3,019

(2,816)

5,231

Research and development expenses, net

0

(50)

Selling, general and administrative expenses

(1,582)

(1,563)

(2,997)

(3,000)

Operating income (loss)

(2,546)

1,456

(5,813)

2,181

Financial expense, net

(698)

(1,012)

(792)

(508)

Income (loss) before income tax 

(3,244)

444

(6,605)

1,673

Income tax expenses (tax benefit)

(500)

79

(1,008)

306

Net income (loss)

(2,744)

365

(5,597)

1,367

Earnings per share:

Basic net income (loss) per ordinary share

(0.41)

0.05

(0.83)

0.20

Diluted net income (loss) per ordinary share

(0.41)

0.05

(0.83)

0.20

Weighted average number of ordinary shares used to compute

basic net income (loss) per ordinary share (in thousands)

6,720

6,715

6,720

6,715

Weighted average number of ordinary shares used to compute

diluted net income (loss) per ordinary share (in thousands)

6,785

6,784

6,785

6,785

 

Eltek Ltd.

Consolidated Balance Sheets

U.S dollars in thousands 

June 30,

December 31,

2026

2025

Assets

Current assets:

Cash and cash equivalents

9,390

2,481

Short-term bank deposits

2,117

9,643

Trade receivables (net of allowance for credit losses)

11,656

14,789

Inventories 

10,295

11,154

Other accounts receivable and prepaid expenses

970

607

Total current assets

34,428

38,674

Long term assets:

Severance pay fund

76

65

Deferred tax assets, net

1,504

387

Operating lease right of use assets

12,466

6,272

Total long term assets

14,046

6,724

Property and equipment, net

24,664

20,862

Total Assets

73,138

66,260

Liabilities and Shareholder’s equity

Current liabilities:

Trade payables

8,544

6,047

Other accounts payable and accrued expenses

6,735

6,565

Short-term operating lease liabilities

718

1,100

Total current liabilities

15,997

13,712

Long-term liabilities:

Accrued severance pay

578

515

Long-term operating lease liabilities

12,199

5,296

Total long-term liabilities

12,777

5,811

Shareholders’ equity:

Ordinary shares of NIS 3.0 par value – Authorized: 10,000,000 shares at
June 30, 2026 and December 31, 2025; Issued and outstanding: 6,720,827
shares at June 30, 2026 and 6,719,827 shares at December 31, 2025

6,012

6,012

Foreign currency translation adjustments

9,088

6,111

Additional paid-in capital

35,928

35,681

Accumulated deficit

(6,664)

(1,067)

Total shareholders’ equity

44,364

46,737

Total liabilities and shareholders’ equity

73,138

66,260

 

 

Eltek Ltd.

Unaudited Non-GAAP EBITDA Reconciliations

U.S dollars in thousands 

Three months ended

Six months ended

June 30,

June 30,

2026

2025

2026

2025

GAAP net income (loss)

(2,744)

365

(5,597)

1,367

Add back items:

Financial expenses (income), net 

698

1,012

792

508

Income tax expenses (benefit)

(500)

79

(1,008)

306

Depreciation 

613

500

1,203

966

Non-GAAP EBITDA

(1,933)

1,956

(4,610)

3,147

 

Eltek Ltd.

Consolidated Statement of  Cash flow

U.S dollars in thousands 

Three months ended

Six months ended

June 30,

June 30,

2026

2025

2026

2025

Cash flows from operating activities:

Net Income (loss)

(2,744)

365

(5,597)

1,367

Adjustments to reconcile net income to net cash flows

provided by operating activities:

Depreciation

613

500

1,203

967

Unrealized financing expenses (income), net

(86)

595

(155)

466

Share-based compensation

127

132

242

270

Decrease in deferred tax assets 

(534)

120

(1,064)

202

120

1,347

226

1,905

Decrease (increase) in operating lease right-of-use assets

162

(1)

311

Decrease (increase) in trade receivables

470

(1,378)

4,088

(1,733)

Decrease (increase) in other receivables and prepaid expenses

(224)

314

(312)

247

Decrease (increase) in inventories

(281)

(2,282)

1,614

(2,612)

Increase (decrease) in trade payables

2,736

(1,138)

229

(2,000)

Increase (decrease) in other liabilities and accrued expenses

424

(201)

(290)

(28)

Increase (decrease)  in employee severance benefits, net

11

39

20

46

3,298

(4,647)

5,660

(6,080)

Net cash provided by (used in) operating activities

674

(2,935)

289

(2,808)

Cash flows from investing activities:

Purchase of fixed assets

(934)

(1,743)

(1,673)

(2,880)

Withdrawal of (investment in) short-term bank deposits, net

(2,092)

7,620

534

Net cash provided by (used in) investing activities

(3,026)

(1,743)

5,947

(2,346)

Cash flows from financing activities:

Exercise of options

5

8

5

8

Dividend distribution

(1,276)

(1,276)

Issuance of shares, net

Net cash provided by (used in) financing activities

5

(1,268)

5

(1,268)

Effect of translation adjustments

683

1,250

668

617

Net increase (decrease) in cash and cash equivalents

(1,664)

(4,696)

6,909

(5,805)

Cash and cash equivalents at the beginning of the period

11,054

6,466

2,481

7,575

Cash and cash equivalents at the end of the period

9,390

1,770

9,390

1,770

 

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SOURCE Eltek Ltd.

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SPJIMR revamps its PGPDM curriculum and programme to create greater impact in the social sector

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MUMBAI, India, Aug. 18, 2026 /PRNewswire/ — India’s social sector is undergoing a profound transformation. Traditional charity-led models are giving way to rights-based development frameworks that are increasingly driven by measurable outcomes, systems thinking, innovation, and cross-sector collaboration. The growing influence of social entrepreneurship, impact investing, ESG frameworks, public-private partnerships, and corporate social responsibility (CSR) mandates is reshaping how social impact is conceived, funded, and delivered.

Recognising these shifts, Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management & Research (SPJIMR) has revamped its Post Graduate Programme in Development Management (PGPDM) and opened applications for Batch 28 commencing in February 2027.

As India’s only development management programme with the international Triple Crown accreditation of AACSB, AMBA, and EQUIS, PGPDM has built a strong legacy of developing leaders who drive meaningful and sustainable change. In May 2026, the programme celebrated the graduation of its Silver Jubilee Batch (Batch 25), marking a significant milestone in its journey. 

PGPDM’s distinctive strength is its diverse cohort. NGO leaders, government officials, UN professionals, social impact consultants and entrepreneurs, and CSR leaders learn together, creating a rich environment for peer learning and cross-sector collaboration.

Professor Tanojkumar Meshram, Chairperson, PGPDM, SPJIMR, believes that the social sector no longer works in isolation. Drawing on his own path, from the Indian civil services to the social sector and academia, Prof. Meshram said, “PGPDM has built a community of passionate and competent social change professionals where practitioners across sectors and thematics don’t just study together; they form the alliances that deepen and/or scale real solutions.”

The revised curriculum strengthens four key pillars: ESG, AI for Development, Social Entrepreneurship and Public Policy. To better support working professionals, the programme has introduced flexible online class schedules and updated evaluation methods. The curriculum also expands its elective offerings, including advanced courses in strategy, data, organisational and financial compliance, reflecting the emerging leadership needs of the social sector.

To further strengthen practice-orientated learning, three new experiential labs focusing on leadership, communication, and professional writing have been introduced, providing participants with opportunities to develop critical managerial and organisational capabilities.

A key addition to the programme is a year-long Social Impact Project that will be undertaken jointly with SPJIMR’s full-time management participants. This interdisciplinary collaboration blends the practical realities of development management with corporate rigour, enabling participants to address complex social challenges through integrated, cross-sector approaches.

The institute is also transitioning to a single annual intake each February, replacing the earlier two-batch model. This will bring together a larger cohort (nearly 100) of development professionals to study and learn on campus, creating greater opportunities for networking, community building, cross-sector collaboration, and most importantly, a stronger platform for sector-wide dialogue and knowledge exchange.

As PGPDM enters its 16th year with Batch 28, its impact is evident in the achievements of its alumni. Graduates have gone on to redesign existing programmes, develop innovative solutions, improve impact measurement within their organisations, establish new social ventures inspired by their learning and peer network, and assume leadership and CXO roles across NGOs, social enterprises, and CSR functions.

As Prof. Meshram puts it, “The programme doesn’t just provide knowledge; it equips professionals with the vision, confidence, and clarity to reimagine development challenges and drive systemic change.”

Admissions for Batch 28 are now open. Eligibility criteria and application details are available on the institute’s website.

For more such news and updates, visit the SPJIMR Newsroom.

 

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Jumio Positioned for Third Consecutive Year as the Leader in the 2026 SPARK Matrix™ for Identity Capture and Verification Solutions

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QKS Group highlights Jumio’s evolution toward identity intelligence, combining global document coverage, advanced biometrics and AI-led fraud detection

SUNNYVALE, Calif., Aug. 18, 2026 /PRNewswire/ — Jumio, the leading provider of AI-powered identity intelligence, today announced that QKS Group has once again positioned the company as the leader in the edition of the SPARK Matrix™: Identity Capture and Verification, 2026 Solutions report. This is Jumio’s third consecutive year receiving this recognition, reflecting its continued expansion beyond point-in-time identity verification to become a world leader in reusable identity.

The QKS Group SPARK Matrix™ evaluates technology vendors based on technology excellence and customer impact, providing analysis of market dynamics, technology trends, vendor capabilities and competitive positioning. Jumio’s 2026 assessment highlights the company’s approach to combining document and biometric verification with broader identity intelligence to help organizations identify sophisticated fraud while supporting secure, scalable digital onboarding.

“Jumio’s positioning in the Identity Capture and Verification market reflects its evolution from point-in-time identity checks toward a broader identity intelligence approach,” said Divya Baranawal, Vice President and principal Analyst at QKS Group. “The company combines automated document verification, advanced biometrics, premium liveness detection, cross-transaction risk analysis, and configurable KYC and AML workflows to help organizations establish trust throughout the digital identity lifecycle.”

Jumio brings these capabilities together through a connected identity intelligence approach that draws on signals across transactions and the customer lifecycle. Its identity graph helps organizations understand relationships between identities and detect patterns that may be missed when transactions are evaluated in isolation, while reusable identity capabilities enable businesses to recognize previously verified, trusted users with less friction.

“Digital trust increasingly depends on understanding identity risk across the entire customer relationship, especially as AI gives fraudsters new ways to scale sophisticated attacks,” said Mark Lorion, CEO of Jumio. “This recognition reflects the breadth of intelligence we’ve built into the Jumio platform and our focus on empowering our customers to make more informed identity decisions, while delivering a frictionless experience for trusted users. Our position as the clear leader for both customer impact and technology excellence clearly demonstrates the real benefits that Jumio delivers for some of the world’s largest and best-known brands.”

The 2026 recognition builds on Jumio’s continued investment in identity intelligence, including capabilities designed to identify cross-transaction fraud and surface new risks after onboarding. Together, these capabilities give organizations a more connected view of identity while supporting KYC and AML requirements across global digital customer journeys.

To learn more about Jumio and its award-winning, AI-powered solutions, visit jumio.com.

About Jumio
Jumio helps organizations to know and trust their customers online. From account opening to ongoing monitoring, the Jumio Platform provides AI-powered identity intelligence anchored in biometric authentication, automation and data-driven insights to accurately establish, maintain and reassert trust.

Leveraging powerful automated technology including biometric screening, AI/machine learning, liveness detection and no-code orchestration with hundreds of data sources, Jumio helps to fight fraud and financial crime, onboard customers faster and meet regulatory compliance including KYC and AML. Jumio has processed more than 1 billion transactions spanning over 200 countries and territories from real-time web and mobile transactions.

Based in Sunnyvale, California, Jumio operates globally with offices and representation in North America, Latin America, Europe, Asia Pacific, and the Middle East, and has been the recipient of numerous awards for innovation. Jumio is backed by Centana Growth Partners, Great Hill Partners and Millennium Technology Value Partners.

For more information, please visit www.jumio.com.

Jumio Media Contacts

U.S. Media Contact
Haleigh Kent-Bryant
10Fold Communications
jumio@10fold.com 
810-516-5486

APAC Media Contact
Luke Nazir
FINN Partners
Luke.Nazir@finnpartners.com 
+65 8139 2504

LATAM Media Contact
Giancarlo Aracena
giancarlo@sentidoscomunicaciones.com
+56 9 7969 5161

About QKS Group
QKS Group is a global analyst and advisory firm helping enterprises, technology vendors, and investors make trusted, data-driven decisions. Our portfolio spans the flagship SPARK Matrix™ evaluation framework, SPARK Plus™ analyst advisory platform, QKS Intelligence™ for market and competitive tracking, and QKS Community™ for CXO leaders and practitioners. All offerings are powered by a Human-Intelligence-driven framework and QKS’s closed-loop research methodology – integrating expert-led insights, quantitative modeling, and continuous validation to deliver credible, outcome-focused intelligence.

For more available research, please visit Research

Media Contacts:
Anish
PR & Media Relations
QKS Group
5th Floor, Wing 2, Cluster C,
EON Free Zone, Kharadi,
Pune, India

Email: support@qksgroup.com 
Content Source: https://qksgroup.com/newsroom/jumio-positioned-for-third-consecutive-year-as-the-leader-in-the-2026-spark-matrix-for-identity-capture-and-verification-solutions-1761 
Connect with us on LinkedIn- https://www.linkedin.com/company/qksgroup/

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2026 TME Chinese Music Impact Summit Held: Music IP and New Growth Paths for the Industry in the AI Era

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MACAO, Aug. 18, 2026 /PRNewswire/ — On August 15, 2026, the “2026 TME Chinese Music Impact Summit”, hosted by Tencent Music Entertainment Group (TME), was held in Macao, China. Themed “Music IP: Where the Future Grows”, the summit brought together leading figures from across the global music industry for a series of discussions on AI, live music, artists and super fans, jointly exploring the creation, growth, global expansion, and long-term value of music IP in the AI era.

In his opening remarks at the summit, Cussion Kar Shun Pang, Executive Chairman of Tencent Music Entertainment Group, said that AI enables the industry to produce large volumes of content in a short time, which also means high-quality music is becoming scarcer. High-quality music content creation and intellectual property protection are the foundation of the industry, Pang added, noting that TME hopes to work with the industry to develop higher-quality music IP, expand the boundaries of music value, and create new opportunities for industry growth.

The AI Era Calls for a New Copyright Framework to Support the Growth of Music IP

In the AI era, as technology continues to evolve, technological advances are giving music unprecedented distribution efficiency and new tools for creation. Liu Hua, Director of the China Office of the World Intellectual Property Organization (WIPO), delivered a video address on “The Flow of Technology: Copyright Protection in the Music Industry in China”.

The first roundtable discussion, themed “Sustaining Great Content: How Can Al Power Long-Term IP Growth?”, brought together Sam Hu, Managing Director, Universal Music China & SVP, Universal Music Greater China; Xin Liu, CEO, Grand Vista Music Group; Denver Chang, Chairman and Music Director, Linfair Records Ltd.; and TC Pan, Group Senior Vice President of TME, President of TME Content Cooperation, TME Distribution and TMELive, and Head of TMEA/TIMA. The panelists discussed what makes great content stand the test of time.

Discussing how AI is reshaping music creation, the panelists agreed that AI should be a tool that supports creators, not a vehicle for infringing on original work. Regardless of how technology evolves, the industry must continue to prioritize high-quality content and develop fairer pricing and payment mechanisms and more equitable value-sharing models, so that works that stand the test of time can continue to generate value.

At a roundtable discussion themed “Music in the Age of Al: New Creativity, New Rules, New Ecosystem”, Zhang Jing, Chief Representative, International Confederation of Societies of Authors and Composers (CISAC) Beijing Office; Yang Ming, Professor, Peking University School of Law and Executive Vice-Dean of PKU School of Intellectual Property; Kevin Yi, Renowned Lyricist and Music Planner; and Yang Qihu, Vice President and General Counsel, Tencent Music Entertainment Group, further focused the discussion on copyright rules and the creative ecosystem.

They agreed that the industry must both protect the legitimate interests of rights holders and leave room for new technologies to be responsibly integrated into the creative process. They called for rules spanning training inputs, AI-generated outputs and platform governance, built around the principles of “authorization, transparency and compensation”. Through collaborative innovation and shared governance, the industry can move AI music from “unregulated generation” toward “orderly co-creation”.

Deepening Global Collaboration to Expand the Global Reach of Chinese-Language Music IP

The summit also focused on how music IP can extend across live entertainment, artists and fans while expanding into international markets, exploring how China’s music industry can develop distinctive music IP that can connect with global audiences.

As the global live performance market continues to grow, for a show to evolve from a “breakout hit” into a “legendary IP”, it needs a recognizable content core, sustained audience engagement, and the ability to sustain audience engagement and operations beyond the live event itself. In the discussion, Danny Tang, Co-Founder & CEO, Hero Esports, co-organizer of Tomorrowland China, Zhang Chongshuo, Founder & CEO, Sparkle Live Entertainment, and Michael Tseng, Vice President of Content Cooperation and Live Performance Business, Tencent Music Entertainment Group, noted that while lineups can be replicated, the live experience and the emotional value it creates are far harder to replicate — and this is what sustains the long-term vitality of a live show IP.

On the topic of building artist IP, Kubert Leung, Renowned Music Producer and Music Director, Vince Amoroso, SVP and Global Head of Artist Services (Music), THE TEAM, and JINBYJIN, Renowned K-pop producer and Global A&R Executive of Kreation Music Rights (KMR), focused on what cannot be replicated: an artist’s musical identity and personal expression. Originality, innovation, and initiative, combined with an authenticity rooted in genuine personal experience, local culture, and musical language, define the lasting distinctiveness of iconic artists and are central to their ability to resonate with audiences globally.

As social platforms and fan community ecosystems continue to mature, fans are participating more proactively in the distribution, co-creation and monetization of music IP, with “super fans” becoming a core audience for the long-term growth of music IP. During the roundtable discussion, Lee Hak-hee, Vice President, DearU Co., Ltd., a Korean social platform; Dora Jin, Director of the Korean Cooperation Center, Content Co-operation Department, Tencent Music Entertainment Group; and Jane Yang, Director of Product & Operations, QQ Music Commercialization Center, Tencent Music Entertainment Group, agreed that recurring engagement, fan initiative and two-way emotional connection are key characteristics of the super fan ecosystem. Platforms need to help fans build long-term connections with artists, cultivating relationships that progress from awareness and emotional engagement to a sense of belonging and co-creation, thereby retaining high-quality interactive content on the platform over time.

In recent years, streams of Chinese-language music have continued to rise on global platforms, but how to make Chinese-language pop music more widely heard and embraced by international audiences remains a key question for the industry. At the summit, Zhou Shen, Chinese male singer, sat down with Gurjeet Chima, PMC Global VP, Head of International Markets, for a special conversation titled “The Sounds of Mandopop”. Discussing the internationalization of Chinese-language music, the two argued that the first priority is simply to get the music heard rather than repeatedly explain what makes it unique. They also stressed the importance of authentic self-expression, local cultural identity and working with teams that genuinely understand international markets, helping Chinese-language music develop a clear voice for global audiences.

In a special awards presentation at the close of the summit, Tencent Music Entertainment presented annual honors to nearly 40 partners that had worked with TME over the past year to advance music content and IP development. The awards recognized and thanked the partners for their sustained efforts to support the creation and distribution of high-quality music content. Among them, Linfair Records, Hikoon Music Group, Warner Records, Universal Music, Media Asia Music, JVR Music, Grand Vista Music Group, TF Entertainment, SM Entertainment, Sony Music Entertainment, Taihe Music Group, and Emperor Entertainment Group received the “Outstanding Content Partner of the Year” honor; Elephant Music Group, Rock Forward Entertainment, Enlight Media, Rock Records, Haixi Music, Stellar, HUACE MUSIC, UEC, miHoYo, SNH48, StreetVoice, YH Entertainment Group, and DMG received the “Pioneering IP Innovation Partner of the Year” honor; Apple Music, Believe, Aimei Film and Television, Chunyu Film and Television, DearU, DouYu, Huawei Mobile Services (HMS), HIM International Music, Jiangsu Satellite TV, SY Music, XiXi Pictures, B’in Music, and Zhejiang Satellite TV received the “Outstanding Music Ecosystem Partner of the Year” honor.

As the rise of AI intersects with globalization, the value of music IP is being reassessed. Going forward, Tencent Music Entertainment Group will continue to provide an open, pragmatic platform for industry dialogue, foster consensus among stakeholders, and work with industry partners to unlock the long-term value of Chinese music IP in global markets, moving together toward a future of “borderless IP”.

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SOURCE Tencent Music Entertainment Group

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