Tencent Music Entertainment Group ADR
TME: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$21.50 | Wsmqnp | Bkkvpsl |
Tencent Music Gains From China's Music Streaming Duopoly
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.