China’s Tencent is understood to have acquired control of China Music Corporation. The company owns two of China’s leading music streaming businesses, Kugou Music and Kuwo Music. The transaction is understood to be an all cash affair, according to Chinese media. Terms were not disclosed. Prior to the deal Tencent was understood to be a...
BING NEWS:
- Why Tencent Music Entertainment (TME) Stock Is Down 8%
Tencent Music shares fell 8.4% Tuesday afternoon. Concerns over intensifying U.S.-China relations sparked a broader selloff ... you can also gain access to shares either by buying an exchange traded ...
11/12/2024 - 12:00 am | View Link - Barclays starts bullishly on Tencent Music for its leading position as 'Spotify of China'
Barclays gives Tencent Music an overweight rating, citing dominant market share and strong revenue growth potential in China's music streaming space.
11/6/2024 - 9:54 am | View Link - Tencent Music gets Outperform rating at Bernstein ahead of earnings
Bernstein has rated Tencent Music Entertainment (TME) as Outperform with a $14 price target, ahead of the company's upcoming third quarter results on Nov. 12.
11/3/2024 - 10:56 pm | View Link - More
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