Lates News

On Monday, Tencent Music rose over 3% to $21.31. A recent research report from Dongfang Securities pointed out 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 Entertainment and the planned acquisition of Ximalaya; Netease Cloud Music, on the other hand, maintains stable traffic through independent musician incubation and Kpop copyright. In addition, the increase in the proportion of paywalls and the expansion of SVIP benefits drive ARPPU growth.