Tencent Music Entertainment Group ADR

TME: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Chinese Music Streaming: Undervalued Leaders Well Positioned for Accelerating Growth in 2025

Ivan Su

Jan 7, 2025

2024 was a strong year for the Chinese music streaming industry, with share prices for both Tencent Music and Cloud Music rising by more than 20%. This performance was fueled by increasing subscribers, higher subscription prices, and improving profitability.

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Tencent Music Entertainment Group ADR

Chinese Music Streaming: Undervalued Leaders Well Positioned for Accelerating Growth in 2025

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