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Tencent Music Entertainment Group - ADR
Previous close
$22.50
Day range
$22.22 - $22.86
Year range
$10.11 - $26.70
Market cap
34.50B USD
Avg Volume
4.41M
P/E ratio
24.58
Dividend yield
0.79%
Primary exchange
NYSE
In the news
About
Tencent Music Entertainment Group is a company that develops music streaming services for the Chinese market. Tencent Music's apps include QQ Music, KuGou, Kuwo, and WeSing; which have more than 800 million active users and 120 million paying subscribers. As of July 2016, Tencent Music's three services held an estimated 56% market share of music streaming services in China.
In the first quarter of 2021, Tencent Music announced it had 60.9 million paying users, up 42.6% compared to the 42.7 million paying users in the first quarter of 2020. In addition, the total number of music streaming users was announced to be 615 million, a drop of 6.4% compared to the first quarter of 2020. Wikipedia
Founded
Jul 2016
Headquarters
Website
Employees
5,353