US Stock Market Move | Tencent Music Entertainment Group Sponsored ADR Class A (TME.US) rose more than 3%. Institutions believe that the industry is expected to achieve double growth in traffic and payments through copyright expansion.
On Monday, Tencent Music (TME.US) rose more than 3% to $21.31.
On Monday, Tencent Music Entertainment Group Sponsored ADR Class A (TME.US) rose more than 3%, to $21.31. Orient recently released a research report indicating that the music industry is expected to achieve double growth in traffic and payments through copyright expansion. The report believes that Tencent Music Entertainment Group Sponsored ADR Class A and NETEASE MUSIC can stabilize and improve traffic and payment rates through copyright supplementation and user operations. Tencent Music Entertainment Group Sponsored ADR Class A is expected to introduce Kpop and long audio users through the acquisition of South Korea's SM and the planned acquisition of Ximalaya; Netease Inc Sponsored ADR Cloud maintains stable traffic through independent music incubation and Kpop copyright. In addition, the increase in the proportion of paywalls and the expansion of SVIP benefits drive ARPPU growth.
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