Tencent Music Pushes Hong Kong Listing As Soon As Next Week: Report
Tencent Music Entertainment Group (NYSE:TME) is working with advisers on the preparations for its second listing in Hong Kong,…
Here’s Why Tencent Music Entertainment Group Shares Are Rising
Tencent Music Entertainment Group - ADR (NYSE: TME) shares are trading higher by 6.83% to $4.85 Friday morning as Chinese stocks gain following slower-than-expected China inflation data.
What Happened?
Is Tencent Winding Down Its Big Investments?
Key Takeaways:
Reuters reported Tencent might sell some or all of its Meituan holdings this year, though Tencent called the report ‘inaccurate’
Some think Tencent might sell other stakes in its more than 70 U.S.- and Hong Kong-listed portfolio companies to raise funds to buy back its shares
By Fai Pui
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