K+S Raises 2026 Earnings Outlook After Strong Q1 Results 
Nike Tariff Refund Lawsuit Sparks Consumer Backlash Over Price Increases 
Asian Currencies Slide as Iran Tensions Boost Dollar and Oil Prices 
S&P 500, Nasdaq Hit Record Highs as AI Stocks Rally and Strong Jobs Data Boost Confidence 
European Stocks Fall as US-Iran Conflict Rekindles Energy Supply Fears 
AI-Driven Inflation Raises U.S. Consumer Prices, Goldman Sachs Says 
Australia Budget 2026: Smaller Deficit Expected Amid Tax Reform Push 
China Inflation Jumps as Iran Conflict Drives Energy Costs Higher 
Indian Stock Market Drops as Iran Conflict Fuels Oil Price and Inflation Fears 
South Korea Central Bank Signals Inflation Concerns as Oil Prices Surge 
ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
Malaysia Unveils Energy Security Plan Amid Iran Conflict and Rising Oil Costs 
Oil Prices Rise Amid Strait of Hormuz Tensions and U.S.-Iran Ceasefire Uncertainty 
KOSPI Hits Record High as AI Chip Demand Boosts Samsung and SK Hynix 
US Stock Futures Slip as Trump Rejects Iran Peace Proposal Amid Rising Middle East Tensions 
Tencent Music revealed this week that it has appointed its new chief executive officer and chairman. The announcement shows a major leadership shake-up in the company but it was a welcomed change.
The executive shuffle at Tencent Music
The Chinese music streaming firm released a statement to inform everyone that Cussion Kar Shun Pang has vacated his post as Tencent Music Entertainment Group’s chief and handed over the position to Zhu “Ross” Liang.
Cussion will not be leaving the company though as he will take on another job as the chairman of the board. As per Market Watch, before stepping down as CEO, Cussion has been leading the company as its chief since 2016.
Now, as he assumes the role of the board’s chairman, Tong Tao Sang will make his exit after resigning. Tong will be replaced by Cussion after serving for five years.
On the other hand, Ross has been Tencent’s vice president since 2016 before being assigned to the CEO role at TME. He has worked at Huawei Technology Corp. before joining Tencent.
“I am delighted to have Ross join our team as the CEO,” Cussion said as he welcomes the new chief in a press release. “Ross’ proven track record in building successful online entertainment platforms and social ecosystems, combined with his breadth of experience delivering strong results through successful expansion into new business areas, makes him ideally suited to accelerate our evolution into an all-in-one online music and audio entertainment destination in China.”
About Ross Liang
Once Ross takes the helm at Tencent Music, he will be working closely with Cussion to ensure that the company will maintain good relationships with its subscribers, shareholders and business partners. He started working at Tencent in 2003 and held executive positions before transferring to TME.
He has also worked at businesses within Tencent including QQ Music, YouTu Lab, Tencent Docs, WeSing and more. He graduated from Tianjin University in 2003 for his doctorate degree in signal and information processing. Finally, Ross said he is honored to lead Tencent Music as CEO and looking forward to working with Cussion.
