HK Stock Market Move | TME-SW (01698) rises over 5%, with steady growth in Q2 results; institutions are bullish on the company's differentiated barriers.

TME-SW (01698) rose over 5%, up 5.1% as of press time, at HK$32.14, with a turnover of HK$33.5444 million. On the news front, in the second quarter of this year, Tencent Music achieved steady overall performance growth. Data shows that the company's total revenue for the quarter grew 5.8% year-on-year to RMB 8.93 billion, while adjusted net profit grew 5.3% year-on-year to RMB 2.78 billion. Among this, music-related service revenue achieved diversified growth, rising 11% year-on-year to RMB 7.61 billion; music-related membership service revenue was RMB 4.79 billion, up 8.1% year-on-year. Separately, according to Dujia reports, Tencent Music is internally testing an AI music creation tool called "MusicBuddy," an intelligent creation platform for musicians that covers inspiration-based creation, refined editing and release, and promotion and operations, allowing music creation to be completed entirely through AI dialogue. Guoyuan International previously noted that the company has built differentiated barriers through Tencent ecosystem synergy, all-scenario penetration, and a high-value fan economy.