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Tencent Music Newsroom
Goldman Sachs expects tencent music-SW (01698) second-quarter subscription revenue to increase by 30% and gives a "buy" rating with a target price of HKD 62.3.
In the second quarter of Tencent Music, subscription revenue growth reached 30% until mid-July, considering the high willingness and retention rate of users paying for subscriptions, it is estimated that net growth of quarterly paid users will be approximately 3.7 million.
Express News | PDD Holdings Down 3.3%, Baidu Down 6.3%
Express News | U.S.-Listed Shares of Chinese Firms Fall as Bets of Trump's White House Return Rise
Express News | Ishares China Large Cap ETF Down 1.9%, Kraneshares CSI China Internet ETF Down 3.1%
Express News | Li Auto Down 4.9%, JD.com Slips 4.4%, NIO Falls 6.4%, Xpeng Losses 5.8%
10 Communication Services Stocks With Whale Alerts In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity
6-K: Report of foreign private issuer (related to financial reporting)
The board of directors of Tencent Music Entertainment Group (01698.HK) will review the performance announcement for the second quarter on August 12th.
Tencent Music-SW (01698.HK) announced on July 12th that the Board of Directors will consider and vote on the unaudited performance and announcement of the three-month and six-month period ending on June 30, 2024 (second quarter performance announcement) on August 12, 2024.
TME-SW: NOTICE OF BOARD ACTION AND DATE OF PUBLICATION OF SECOND QUARTER RESULTS ANNOUNCEMENT
After three days of bloodbath, Chinese concept stocks cost Wall Street billions! The Archegos liquidation case has resulted in Bill Hwang being convicted of fraud and market manipulation.
Three years ago, the Archegos crisis caused the market cap of Chinese concept stocks, such as Baidu, Tencent Music, and VIPShop, to evaporate more than 30 billion US dollars, and also caused investment banks such as Goldman Sachs and Morgan Stanley to suffer losses of billions.
Spotify Takes the Music Industry Market Cap Crown in Omdia's Second Quarter Music Industry Share Review
New analysis from Omdia has revealed that Spotify overtook Universal Music Group (UMG) to become the biggest music industry company in market capitalization terms in the second quarter of 2024. According to the Omdia's Music Industry Sharewatch, 2Q24, Spotify's market cap at the end of June stood at $62.5bn compared with $53.7bn for UMG. Spotify's market cap increased 18.2% from $52.8bn at the end of the first quarter, while UMG's edged down 1.5% from $54.5bn.
Express News | Shares of US-listed Chinese Stocks Are Trading Higher Possibly Ahead of China's CPI and PPI Data Expected Later Today
Express News | PDD Holdings Down 1.8%, NetEase Down 1.3%, Baidu Down 0.9%
Express News | Li Auto Down 2.0%, JD.com Down 1.8%, NIO Down 1.5%, Xpeng Down 4.3%
Express News | Ishares China Large Cap ETF Down 0.6%, Kraneshares CSI China Internet ETF Down 0.9%
Express News | Li Auto Down 1.6%, NIO Down 1.3%, Xpeng Down 3.5%
Express News | PDD Holdings Down 1%, Alibaba and JD.com Fall 1.1% Each
Express News | U.S.-Listed Shares of Chinese Firms Fall Premarket After Domestic Stocks Close at Over Four Month Low
Express News | Ishares China Large Cap ETF Down 2%, Kraneshares CSI China Internet ETF Down 2.3%
Express News | PDD Holdings Down 1.5%, NetEase Down 2.8%, Baidu Down 1.7%