Tencent Music Entertainment Group ADR

TME: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Soda Music Scare Overdone; Tencent Music and NetEase Cloud Music Deeply Undervalued After Selloff

Ivan Su

Dec 12, 2025

Recent weakness in Chinese music streaming stocks, Tencent Music and NetEase Cloud Music, has been driven by investor anxiety over a new competitive threat, Soda Music, a streaming platform backed by ByteDance's very popular short-form video app Douyin.

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Tencent Music Entertainment Group ADR

Soda Music Scare Overdone; Tencent Music and NetEase Cloud Music Deeply Undervalued After Selloff

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