Tencent Music Entertainment Group ADR
TME: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| gk | LOCK|Kp&< | LOCK|^$&?zM |
Chinese Music Streaming: Undervalued Leaders Well Positioned for Accelerating Growth in 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.
