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China Music Copyright Association: Tencent Music Group has been finally ruled to be infringing, with a total compensation for economic losses amounting to nearly 0.22 million yuan.
According to a statement from the China Music Copyright Association on December 31, Tencent Music Entertainment Group, as a super-large music group with a monopolistic market share and four major online music platforms (QQ Music, Kugou Music, Kuwo Music, and Q&M Dental), has been ruled by the court for infringement for using works managed by the China Music Copyright Association (hereinafter referred to as "Music Copyright Association") without permission. As of December 19, 2024, regarding the dispute over the infringement of the information network transmission rights of musical works filed by the Music Copyright Association against Guangzhou Kugou Computer Technology Co., Ltd. (hereinafter referred to as "Kugou Music").
Are Tencent Music Entertainment Group's (NYSE:TME) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
86Research Upgrades Tencent Music Entertainment to Buy, Price Target Is $14
U.S. stocks close: The Nasdaq returns above 0.02 million points as Apple reaches a new high with a market cap of 3.9 trillion.
① Tesla rose by 7.36%, leading the "Seven Giants"; ② Nasdaq China Golden Dragon Index has risen for three consecutive days; ③ American Airlines announced that flights have resumed running; ④ OpenAI has discussed developing a humanoid Siasun Robot&Automation.
Hong Kong stock market news for December 24: The three major US Indexes closed higher. HKEX has a half-day trading session due to Christmas.
① Consumer confidence in the USA has declined for the first time in three months. ② The three major US stock indices collectively closed higher on Monday, with most China Concept Stocks showing strength. ③ Musk criticized the Federal Reserve, claiming there are absurdly many employees under Powell. ④ The NASDAQ 100 Index is rebalanced, with the weight of Tesla, Meta, and Broadcom decreasing. ⑤ HKEX will have a half-day Trade session on Christmas Eve.
Hong Kong stock market morning report on December 23: Biden signed a bill to prevent the USA government from "shutting down". The performance of China Concept Stocks shows divergence.
① Biden signed an emergency funding bill to prevent a "shutdown" of the USA government. ② The USA's November core PCE price index rose 2.8% year-on-year, which was lower than expected. ③ The three major stock indexes in the USA opened lower and closed higher last Friday, while China Concept Stocks showed mixed performance. ④ NYMEX Henry Hub Natural Gas Futures rose more than 14% last week. ⑤ Federal Reserve's Goolsbee stated that interest rates may decline within 12 to 18 months.
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