Tencent Music once fell by about 17% after the company released its second quarter financial report.

Tencent Music's total revenue for the second quarter was 8.93 billion yuan, representing a year-on-year increase of 5.8%. Revenue from music-related services grew by 11.0% year-on-year to 7.61 billion yuan, while revenue from music-related membership services increased by 8.1% year-on-year to 4.79 billion yuan.