U.S. stock abnormal movement | Tencent Music (TME.US) rose more than 3% Institutions: The industry is expected to achieve double growth in traffic and payments through copyright expansion.

According to the Wisdom Financial APP, on Monday, Tencent Music (TME.US) rose by more than 3%, reaching $21.31. Orient Securities 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 and Netease Cloud Music can stabilize and increase traffic and payment rates through copyright supplementation and user operations. Tencent Music is expected to introduce Kpop and long audio users through the acquisition of South Korea's SM and the planned acquisition of Himalaya; Netease Cloud Music will maintain stable traffic through independent musician incubation and Kpop copyright. In addition, the increase in the proportion of paywalls and the expansion of SVIP rights will drive ARPPU growth.