Tencent Music's shares fell over 12%, with profits in the first half of the year declining by 31.6% year-on-year.

As of the time of publication, Tencent Music Entertainment Group's stock has fallen by 12.34%. According to the latest financial report, the company's total revenue for the first half of the year was 16.83 billion yuan, a year-on-year increase of 6.5%; during the same period, the profit was 4.69 billion yuan, a year-on-year decrease of 31.6%.