"We are transitioning to a membership based model that goes beyond content subscriptions to deliver more immersive music experiences." NEW YORK, NEW YORK - DECEMBER 12: Cussion Kar Shun Pang, CEO of Tencent Music Entertainment, (center) rings the opening bell of the New York Stock Exchange (NYSE) as the Chinese music-streaming service launches its IPO on December 12, 2018 in New York City. Tencent Music priced its IPO shares late Tuesday at $13 per American depository share. (Photo by Spencer Platt/Getty Images) Getty Images Trending on Billboard Tencent Music Entertainment (TME) reported double-digit quarterly revenue growth as the leading Chinese digital music platform rolled out plans to expand its subscriber and free offerings beyond streaming into live experiences, fan communities and merchandise.…