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Tencent Music
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Tencent Music (TME) stock fell 7.2% this week, despite Q2 earnings beating Wall Street expectations.
Investors are concerned about the significant increase in Tencent Music's operating expenses and the approximately 16% year-over-year decline in social entertainment services revenue. In addition, the
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Tencent Music's Hong Kong stocks plunged over 13% due to a 31.6% year-on-year decline in first-half profit.
Tencent Music's Hong Kong stocks plunged over 13% after its latest financial report showed the company's first-half profit was 4.69 billion yuan, a year-on-year decrease of 31.6%.
-
Tencent Music (TME) stock fell 7.2% this week, despite Q2 earnings beating Wall Street expectations.
Investors are concerned about the significant increase in Tencent Music's operating expenses and the approximately 16% year-over-year decline in social entertainment services revenue. In addition, the
-
Tencent Music's Hong Kong stocks plunged over 13% due to a 31.6% year-on-year decline in first-half profit.
Tencent Music's Hong Kong stocks plunged over 13% after its latest financial report showed the company's first-half profit was 4.69 billion yuan, a year-on-year decrease of 31.6%.
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Tencent Music
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