Tencent Music Entertainment Group

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Tencent Music Entertainment Group (1698) Price Performance

Tencent Music Entertainment Group (1698) trades on Hong Kong Stock Exchange in HKD. The company is classified in the Communication Services sector under the Internet Content & Information industry. The stock currently trades at HKD40.50, down 9.44% from the previous close.

Over the past year, 1698 has traded between a low of HKD40.50 and a high of HKD102.90. The stock has lost 25.0% over this period. It is currently 60.6% below its 52-week high.

Tencent Music Entertainment Group has a market capitalization of $149.09B, with a price-to-earnings ratio of 11.20.

About Tencent Music Entertainment Group

Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover, enjoy, and share music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends. The company also delivers music-centric live streaming services primarily through the Live Streaming tab on QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with audience base; and Lazy Audio, an audio platform. In addition, it sells artist-related merchandise, such as branded apparel, posters and art prints, and accessories; other music services, such as content licensing, sales of digital albums, sales of customized artist-related merchandises, live performances and concerts, and artist management services; and music subscriptions, as well as offers advertising services across its social entertainment platforms. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.