Lates News

Tencent Music rose more than 2.5% to $14.69 before the market opened. On the news front, Tencent Music's total revenue in the first quarter was 73.6 billion yuan, an increase of 8.7% year-on-year; adjusted net profit was 22.3 billion yuan, an increase of 22.8% year-on-year. During the period, online music service revenue increased by 15.9% to 58 billion yuan, and the number of online music paying users increased by 8.3% to 122.9 million.