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MarketBeat
MarketBeat
Leo Miller

Tencent Music Stock Outshines Spotify as China’s Music Giant

TME Spotify SPOT United States China MarketBeat Tencent Music Entertainment Group

If you thought Spotify Technology (NYSE: SPOT) was the best-performing music streaming stock of 2025, think again. Spotify’s performance has been impressive, with the stock up nearly 54% year-to-date. 

However, that return pales compared to Tencent Music Entertainment Group (NYSE: TME), a company that one could call the Spotify of China.

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