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Tencent Music Entertainment Group - ADR

TME

Latest Trade

10.57USD

Change

-0.07(-0.66%)

Volume

9,833,181

Today's Range

10.43

 - 

10.84

52 Week Range

9.51

 - 

32.25

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
10.64
Open
10.57
Volume
9,833,181
3M AVG Volume
341.37
Today's High
10.84
Today's Low
10.43
52 Week High
32.25
52 Week Low
9.51
Shares Out (MIL)
5,100.28
Market Cap (MIL)
18,008.96
Forward P/E
26.34
Dividend (Yield %)
--

Next Event

Q2 2021 Tencent Music Entertainment Group Earnings Release

Latest Developments

More

Tencent Music Commits To Complying With All Requirements Set Forth In Decision By State Administration For Market Regulation Fully

Tencent Music Entertainment Group Posts Q1 Revenue Of RMB 7.82 Bln

Tencent Music And Sony Music Entertainment Sign Multi-Year Extension Of Digital Distribution Agreement

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About Tencent Music Entertainment Group - ADR

TENCENT MUSIC ENTERTAINMENT GROUP operates online music entertainment platform and music applications in China. The Company's platform comprises online music, online karaoke and music-centric live streaming services, supported by content offerings, technology and data. The Company's main platform includes QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, Kuwo Live and others.

Industry

Computer Services

Contact Info

17/F, Malata Building, Kejizhongyi Road

SHENZHEN, GNG

518057

China

+86.755.86013388

https://www.tencentmusic.com/

Executive Leadership

Cussion Kar Shun Pang

Executive Chairman of the Board

Zhenyu Xie

President, Chief Technology Officer, Director

Zhu Liang

Chief Executive Officer, Director

Min Hu

Chief Financial Officer

Linlin Chen

Group Vice President - Kugou

Key Stats

1.96 mean rating - 25 analysts
Sell
Hold
Buy
Revenue (MM, CNY)

2018

19.0K

2019

25.4K

2020

29.2K

2021(E)

34.4K
EPS (CNY)

2018

2.640

2019

2.930

2020

2.950

2021(E)

2.628
Price To Earnings (TTM)
27.61
Price To Sales (TTM)
3.79
Price To Book (MRQ)
2.23
Price To Cash Flow (TTM)
--
Total Debt To Equity (MRQ)
10.58
LT Debt To Equity (MRQ)
10.37
Return on Investment (TTM)
8.33
Return on Equity (TTM)
7.08

Latest News

Latest News

China regulator bars Tencent from exclusive rights in online music

China's market regulator on Saturday said it would bar Tencent Holdings Ltd from exclusive music copyright agreements and fined the company for unfair market practices in the online music market after its acquisition of China Music Corporation.

Alibaba, Tencent mull over opening up services to each other - WSJ

China's two online giants Alibaba Group Holding Ltd and Tencent Holdings Ltd are gradually considering opening up their services to each other, according to a Wall Street Journal report on Wednesday.

Exclusive-China to order Tencent Music to give up music label exclusivity -sources

China's antitrust regulator is set to order the music streaming arm of Tencent Holdings Ltd to give up exclusive rights to music labels which it has used to compete with smaller rivals, two people with knowledge of the matter said on Monday.

Tencent e-sports defeat exposes tech M&A weakness

A blocked Chinese technology deal exposes the industry’s M&A weakness. Beijing's trustbusters have just nixed a merger of two video-game streaming companies backed by Tencent. It's a sign that regulators will no longer tolerate the kind of transactions that created giants...

EXCLUSIVE-China to order Tencent Music to give up music label exclusivity -sources

China's antitrust regulator is poised to order the music streaming arm of Tencent Holdings Ltd to give up exclusive rights to music labels, two people with direct knowledge of the matter said on Monday.

Didi extends slide as Beijing clampdown sounds alarm for U.S.-listed China companies

Didi Global Inc fell for the third consecutive session on Wednesday after China ordered the app removed from mobile app stores as part of a broader crackdown on China-based companies with overseas listings.

FACTBOX-China's unprecedented crackdown on its internet sector

China is in the midst of an extraordinary clampdown on its once-freewheeling internet sector, with its competition regulator in particular dishing out fines and warnings and conducting investigations into the biggest names in the "platform economy".

Capital Calls: NetEase music spinoff hits right notes

(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)

Tencent Q1 profit rises 65% as online gaming revenue climbs

Chinese gaming and social media giant Tencent Holdings Ltd reported a forecast-beating 65% rise in quarterly profit on Thursday, while management reiterated the company's focus on compliance as China steps up scrutiny on tech giants.

Tencent Q1 profit rises 65%

Chinese gaming and social media giant Tencent Holdings Ltd reported on Thursday a forecast-beating 65% rise in quarterly profit.

Tencent Music says facing increased China scrutiny, is committed to laws

Tencent Music Entertainment Group confirmed on Tuesday it is facing heightened scrutiny from Chinese regulators, adding it was "actively co-operating" with them and is committed to complying with all laws "including those related to anti-trust".

RPT-UPDATE 1-Tencent Music beats profit estimates on subscription growth

China's Tencent Music Entertainment Group on Monday beat quarterly profit estimates, driven by strong growth in subscription revenue and advertising sales from its music streaming platform.

Tencent Music posts 24% rise in quarterly revenue

China's Tencent Music Entertainment Group posted a 24% rise in quarterly revenue on Monday, driven by higher advertising sales from its music streaming platform.

Soros buys stocks linked to Bill Hwang's Archegos collapse: Bloomberg News

Billionaire George Soros' investment firm, Soros Fund Management bought shares of ViacomCBS Inc, Discovery Inc and Baidu Inc as they were being sold off during the meltdown of Bill Hwang's Archegos Capital Management, Bloomberg News reported on Saturday.

Capital Calls: French music IPO hits a minor key

(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)

Exclusive: China readies Tencent penalty in antitrust crackdown - sources

China is preparing a substantial fine for Tencent Holdings as part of its sweeping antitrust clampdown on the country's internet giants, but it is likely to be less than the record $2.75 billion penalty imposed on Alibaba earlier this month, two people with direct knowledge...

Tencent Music appoints new CEO, chairman

Tencent Music Entertainment Group said on Thursday it appointed Zhu Liang as the new chief executive officer and Cussion Kar Shun Pang as the new executive chairman of the board, with immediate effect.

RPT-Tencent Music appoints new CEO, chairman

Tencent Music Entertainment Group on Thursday said it appointed Cussion Kar Shun Pang as its new executive chairman of the board and Zhu Liang as the new chief executive officer, with immediate effect.

Tencent Music appoints new CEO, chairman

Tencent Music Entertainment Group on Thursday said it appointed Cussion Kar Shun Pang as its new executive chairman of the board and Zhu Liang as the new chief executive officer, with immediate effect.

Credit Suisse overhauls management as it takes $4.7 billion hit on Archegos

Credit Suisse said on Tuesday it will take a 4.4 billion Swiss franc ($4.7 billion) hit from dealings with Archegos Capital Management, prompting it to overhaul the leadership of its investment bank and risk divisions.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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