Tencent Music Entertainment Group ADR

TME: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$38.90	Rjbkbwh	Rrdhpznl

Tencent Music Gains From China's Music Streaming Duopoly

Ivan Su

May 14, 2024

Business Strategy and Outlook

With around 550 million monthly active users, Tencent Music Entertainment is the largest music streaming platform in China. The firm monetizes its services mainly through monthly subscriptions, livestreaming, and advertising.

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