Stock TME TENCENT MUSIC ENTERTAINMENT GROUP
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Company Tencent Music Entertainment Group

Equities

TME

US88034P1093

Internet Services

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-24 pm EDT 		5-day change 1st Jan Change
12.53 USD +1.70% Intraday chart for Tencent Music Entertainment Group +11.38% +39.07%
Apr. 05 Asian Equities Traded in the US as American Depositary Receipts Nudge Higher in Friday Trading, End Week Lower MT
Mar. 22 Sector Update: Tech Stocks Mixed Pre-Bell Friday MT

Business Summary

Tencent Music Entertainment Group is a holding company mainly engaged in the provision and operation of online music entertainment platform. The Company is mainly engaged in the provision of online music services, social entertainment services and other services. The Company operates four major product brands, QQ Music, Kugou Music, Kuwo Music and WeSing, through which the Company provides online music and social entertainment services to address the music entertainment needs of audience in China. The Company also offers Lazy Audio, the dedicated long-form audio app as a complement to the flagship music-centric product portfolio. The Company is also engaged in the sales of music-related merchandise, the provision of services to smart device and car manufacturers and ticketing services for online music events. The Company mainly conducts its businesses in domestic and overseas markets.

Number of employees: 5,185

Sales per Business

USD in Million2022Weight2023Weight Delta
Online Music
62.4 %
1,854 44.0 % 2,445 62.4 % +31.91%
Social Entertainment Services and Others
37.6 %
2,355 56.0 % 1,472 37.6 % -37.50%

Sales per region

USD in Million2022Weight2023Weight Delta
China
100.0 %
4,209 100.0 % 3,917 100.0 % -6.93%

Managers

Managers TitleAgeSince
Liang Zhu CEO
 Chief Executive Officer 48 21-04-14
Min Hu DFI
 Director of Finance/CFO 53 06-12-31
Kar Shun Pang CHM
 Chairman 51 14-04-30

Members of the board

Members of the board TitleAgeSince
James Mitchell BRD
 Director/Board Member 51 18-12-10
Yun Ming Cheng BRD
 Director/Board Member 55 22-05-26
Kar Shun Pang CHM
 Chairman 51 14-04-30
Brent Irvin BRD
 Director/Board Member 52 16-06-30
Man Ling Ngan BRD
 Director/Board Member 60 18-12-10
Liang Zhu CEO
 Chief Executive Officer 48 21-04-14
Kim Yum Chan BRD
 Director/Board Member 66 22-09-13

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 0 1,767,205,005 1,749,532,955 ( 99.00 %) 0 99.00 %

Shareholders

NameEquities%Valuation
SPOTIFY TECHNOLOGY S.A.
16.47 %
282,830,698 16.47 % 1 563 M $
TENCENT HOLDINGS LIMITED
1.082 %
18,581,530 1.082 % 103 M $
Bank of Communications Schroder Fund Management Co., Ltd.
0.3503 %
6,015,112 0.3503 % 33 M $
Wellington Management Hong Kong Ltd.
0.0855 %
1,467,988 0.0855 % 8 M $
Polen Capital HK Ltd.
0.009138 %
156,900 0.009138 % 867 050 $
BOCI-Prudential Asset Management Ltd.
0.004450 %
76,400 0.004450 % 422 196 $
Dimensional Fund Advisors Ltd.
0.002384 %
40,936 0.002384 % 226 218 $
Value Partners Ltd.
0.000839 %
14,400 0.000839 % 79 576 $
OFI Invest Asset Management SA
0.000536 %
9,200 0.000536 % 50 840 $
Controlfida (Suisse) SA
0.000001 %
20 0.000001 % 111 $
NameEquities%Valuation
TENCENT HOLDINGS LIMITED
95.65 %
1,640,456,882 95.65 % 9 178 M $
NameEquities%Valuation
BlackRock Advisors LLC
3.112 %
27,496,265 3.112 % 308 M $
Baillie Gifford & Co.
3.027 %
26,745,199 3.027 % 299 M $
Canada Pension Plan Investment Board
3.005 %
26,552,513 3.005 % 297 M $
Vanguard Fiduciary Trust Co.
2.826 %
24,973,543 2.826 % 279 M $
Invesco Advisers, Inc.
2.729 %
24,117,460 2.729 % 270 M $
Krane Funds Advisors LLC
2.677 %
23,655,602 2.677 % 265 M $
Goldman Sachs Asset Management LP
1.570 %
13,871,935 1.570 % 155 M $
BlackRock Life Ltd.
1.539 %
13,594,948 1.539 % 152 M $
STATE STREET CORPORATION
1.489 %
13,154,808 1.489 % 147 M $
Norges Bank (13F)
1.323 %
11,690,107 1.323 % 131 M $

Company contact information

Tencent Music Entertainment Group

Kexing Science Park, Hi-Tech Park Kejizhongsan Avenue, Unit 3

518057, Shenzhen

+86 75 5860 13388

http://www.tencentmusic.com
address Tencent Music Entertainment Group(TME)

Sector

Technology
Software & IT Services
Software & IT Services
Internet Services
Social Media & Networking

Sales per Business

Ratings for Tencent Music Entertainment Group

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
29
Last Close Price
90.79 CNY
Average target price
93.28 CNY
Spread / Average Target
+2.74%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Social Media & Networking

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