TME250117C12000
- 0.15
- -0.05-25.00%
Tencent Music Newsroom
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.
Zhao Silver International: Remains Bullish on Internet Plus-Related platform economy, prefers MEITUAN-W and others.
CMB International released a research report stating that the preference for sub-sectors of the Internet Industry is local life services → advertising → games = value-added services → e-commerce → cloud → live streaming. The top picks are MEITUAN-W (03690), TENCENT (00700), Tencent Music (TME.US), and Alibaba (BABA.US). The report indicates that leading platform Internet companies continue to maintain business resilience, benefiting from ongoing cost-cutting and efficiency improvements, healthy profit growth, and stable shareholder returns. The current industry valuation is at a low point, highly defensive, and potential profit upward factors next year come from macro policy stimulation, overseas expansion opportunities, and progress in AI business.
Trending Industry Today: Coinbase Leads Losses In Non-Fungible Tokens Stocks
Pu Yin International: Online music has become an important growth driver in the music market, with the platform's bargaining power gradually increasing.
The increase in penetration rates, subscription fee hikes, and expansion of content beyond music will drive the long-term growth of music streaming platforms in the future.
Before the Federal Reserve's decision, the rally of U.S. stocks faltered, the Nasdaq said goodbye to record highs, the Dow fell for nine consecutive days, Broadcom dropped over 4%, Chinese concept stocks rebounded against the trend, and Bitcoin reached a
The Dow Jones has seen its first nine consecutive declines since 1978; NVIDIA has seen four consecutive declines, while Tesla has risen over 3% against the trend, hitting new highs for three consecutive days. Chinese concept stocks rebounded nearly 2%, with PDD Holdings rising nearly 3% and Bilibili increasing over 4%. Salaries in the United Kingdom have grown faster than expected, with two-year UK bond yields rising 10 basis points in one day. The USD has rebounded; the Canadian dollar has hit a more than four-year low since the pandemic; Bitcoin surged over $0.108 million during trading, hitting a new historical high for two consecutive days. Crude Oil Product has fallen for two consecutive days, with US oil dropping more than 2% at one point; Gold has hit a new low for the week.
Shares of US-listed Chinese Stocks Are Trading Lower Due to Stimulus Concerns and Disappointing Economic Data. The Biden Administration Plans to Raise Tariffs on Solar Wafers, Polysilicon and Some Tungsten Products.
Express News | Shares of US-listed Chinese Stocks Are Trading Lower Due to Stimulus Concerns and Disappointing Economic Data. The Biden Administration Plans to Raise Tariffs on Solar Wafers, Polysilicon and Some Tungsten Products
Bernstein Maintains Tencent Music(TME.US) With Buy Rating, Cuts Target Price to $13
U.S. stock market close: The Nasdaq has fallen from historic Top Reversal, while the Dow has declined for the sixth consecutive day.
① The Nasdaq China Golden Dragon Index rose by 0.18%, with China Concept Stocks showing mixed performance; ② Google is collaborating with Samsung to develop a headset device, with the first product expected to be launched next year; ③ Apple is reportedly set to start producing a key wireless chip currently supplied by Broadcom next year; ④ Adobe fell nearly 14%, as the company's full-year performance guidance was below expectations.
China to Lift Fiscal Spending to Boost Economy
Shares of US-listed Chinese Stocks Are Trading Lower, Possibly Continuing to Fall Following Weak Import Data.
Asian Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading
China Central Economic Work Conference: A Key Indicator for Future Market Trends
Tonight, Chinese concepts soared! The nasdaq Golden Dragon index surged by 10%, while fangdd network doubled directly.
Some analysis indicates that the Political Bureau meeting first mentioned stabilizing the stock and real estate markets, and the US stock market quickly rallied on china assets. The 3x Long FTSE china etf surged over 26%, the 2x Long china internet plus-related stocks rose over 22%, the 2x Long FTSE china 50 ETF increased over 17%, and the 2x Long 300etf gained nearly 15%.
U.S. stock movement | tencent music (TME.US) rose over 9% as Q3 online music subscription revenue increased by over 20% year-on-year.
As of the time of writing, the stock has risen more than 9%, trading at $13.73.