Why Tencent, Tencent Music Entertainment, and iQiyi All Soared Today [Yahoo! Finance]
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
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Source: Yahoo! Finance
Shares of Chinese consumer tech stocks Tencent (OTC: TCEHY) Tencent Music Entertainment (NYSE: TME) , and iQiyi (NASDAQ: IQ) were rallying on Tuesday, up 6.5%, 15.7%, and 11.7%, respectively, as of 1:15 p.m. ET. On Tuesday, the Chinese government and central bank unveiled the country's biggest stimulus measures since the pandemic. Chinese stocks have been trading cheaply as the country has been experiencing economic weakness for some time, and these consumer-focused stocks were among those that soared in response to Beijing's latest plan to address that weakness. China cuts interest rates and lowers barriers to homebuying The People's Bank of China announced a slew of stimulus measures. These include lowering a variety of interest rates, such as the medium-term lending rate, prime rates, deposit rates, and the reverse repo rate, which is what banks receive for parking their funds at the central bank. In addition, China lowered the amount of reserves its banks need to keep on th
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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