AllAnalyst Report
logoMorningstarMarch 20, 2024

Tencent Music Entertainment Group: Tencent Music Earnings: Tuning Into Growth and Shareholder Returns; Shares Undervalued

Symbols
TME
Sector(s)
Communication Services
Rating
Current Price
$12.88
Fair Value
Economic Moat
Stewardship
Summary

TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadc

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