Breakingviews - Tencent is stuck in a losing battle with Beijing [Reuters]
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (TME)
Last tencent music entertainment group american depositary shares, each representing two class a ordinary shares earnings: 3/16 04:15 pm
Check Earnings Report
Company Research
Source: Reuters
Breakingviews - Tencent is stuck in a losing battle with Beijing - Reuters 3 Min Read HONG KONG (Reuters Breakingviews) - Tencent is stuck in a losing battle with Beijing. A year after a video-games crackdown hit the web giant, its $21 billion music-streaming arm may be under scrutiny from regulators. Pony Ma’s ambitions of building an entertainment empire are looking a little more fragile. It’s a reminder that China’s tolerance of its tech champions is waning. Details of the investigation are still sketchy. Reports from legal publication MLex and Bloomberg, though, suggest the antitrust watchdog is examining exclusive licensing deals between Tencent Music Entertainment Group and major record labels. It’s a frowned-upon practice, but not uncommon in China’s cutthroat music-streaming sector: industry officials in 2017 had already warned against it. Rivals are now accusing Tencent Music, the market leader, of re-licensing those rights at unfair rates. Shares of the U.S.-listed subsidiar
Show less
Read more
Impact Snapshot
Event Time:
TME
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TME alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TME alerts
High impacting Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares news events
Weekly update
A roundup of the hottest topics
TME
News
- Tencent Music Entertainment Group (TME) Shares Pulled Back After Strong Performance [Yahoo! Finance]Yahoo! Finance
- Key Investors Say Bet on These Stocks at Sohn Australia Conference [Yahoo! Finance Canada]Yahoo! Finance Canada
- Tencent Music Entertainment Group Third Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Games Recovery Lifts China's Tencent to 47% Quarterly Profit Increase [Yahoo! Finance]Yahoo! Finance
- Tencent Music Entertainment Group (TME) Q3 2024 Earnings Call Highlights: Strong Growth in ... [Yahoo! Finance]Yahoo! Finance
TME
Earnings
- 11/12/24 - Miss
TME
Sec Filings
- 11/12/24 - Form 6-K
- 10/15/24 - Form 6-K
- TME's page on the SEC website