Tencent Music
About: Tencent Music is the largest online music streaming platform in China, established in 2016 through the merger of QQ Music, Kuwo Music, and Kugou Music. Tencent, its largest shareholder, holds over 50% of the shares and more than 90% of the voting rights. Beyond streaming services, Tencent Music generates revenue through a diverse range of offerings, including podcasts, livestreaming, concerts, and karaoke.
Employees: 5,353
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
166% more call options, than puts
Call options by funds: $55.2M | Put options by funds: $20.7M
0.32% more ownership
Funds ownership: 26.36% [Q3] → 26.68% (+0.32%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 9 [Q3] → 9 (+0) [Q4]
5% less capital invested
Capital invested by funds: $5.46B [Q3] → $5.2B (-$256M) [Q4]
6% less funds holding
Funds holding: 310 [Q3] → 290 (-20) [Q4]
23% less repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 115
27% less first-time investments, than exits
New positions opened: 47 | Existing positions closed: 64
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Mizuho Wei Fang 75% 1-year accuracy 3 / 4 met price target | 4%upside $17 | Outperform Maintained | 19 Mar 2025 |
Financial journalist opinion
Based on 7 articles about TME published over the past 30 days









