The Latest Breaking News from Tencent Music Entertainment Group

The digital content creation market is exploding, fueled by technological innovations and global internet access. With platforms like Spotify (SPOT), Tencent Music (TME), and Gannett (GCI) leading the charge, the creator economy is ripe for disruption. These giants are perfectly positioned to cash in on this booming trend. Read on….

The entertainment industry has been under pressure due to macroeconomic challenges. However, its long-term prospects look steady. Therefore, while it could be wise to wait for a better entry point in Sony Group (SONY) and Tencent Music (TME), Walt Disney (DIS) might be best avoided considering its weak fundamentals. Continue…

Gainers Sunrise New Energy Co. Ltd. (NASDAQ: EPOW) shares jumped 118.2% to $4.4948. Sunrise New Energy said that the company changed its name from Global Internet of the People, Inc. to Sunrise New Energy effective as of August 10, 2022.

NetEase, Inc's (NASDAQ: NTES) Cloud Music unit prosecuted Tencent Music Entertainment Group (NYSE: TME) for alleged unfair competition and plagiarizing its app design, Reuters reports.

Tencent Music Entertainment Group - ADR (NYSE: TME) shares are trading higher by 10.0% at $5.11 after the company reported better-than-expected fourth-quarter EPS results.

Tencent Music Entertainment Group (NYSE:TME) reported a fourth-quarter revenue decline of 8.7% year-over-year to $1.19 billion (RMB 7.61 billion), missing the consensus of $1.23 billion. Online music service revenues grew by 4.3% Y/Y. Revenues from music subscriptions were RMB1.95 billion ($306 million), an increase of 23.5% Y/Y. Online music paying users increased by…

The shares of China’s leading music entertainment platform, Tencent (TME), have been down more than 75% in price over the past year on investor anxiety about multiple regulatory crackdowns on the company. TME has also cited tightening regulation and increased competition as having impacted its performance in its most recent…