Tencent Music, 360 Finance Join China IPO Rush In US Despite Crosswinds [Forbes]
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (TME)
Last tencent music entertainment group american depositary shares, each representing two class a ordinary shares earnings: 3/16 04:15 pm
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Source: Forbes
Tencent Music Entertainment execs at NY IPO. photo credit: AP China is asserting its power with this week's IPOs of Chinese companies Tencent Music Entertainment and 360 Finance adding to the surge of China public trading debuts in 2018 despite heightened U.S.-China economic tension. The banner year for China IPOs -- 23 during first the three quarters of 2018 -- tops any full-year total since 2010 in a banner year for US IPOs, notes IPO tracker Renaissance Capital. The China IPO rush comes as Chinese companies deal with tightening credit and liquidity in their home market plus venture capital investor pressures. Tencent Music's public trading debut grabbed the headlines by raising $1.1 billion at a valuation of $21.3 billion. Upward trading was a mark of how Tencent is rocking the digital music and entertainment world. Tencent Music’s four popular interactive apps for karaoke, live concerts, DJ mixes, sing-offs and music recommendations boast a combined 800
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News
- Tencent Music Entertainment Group Filed 2023 Annual Report on Form 20-FPR Newswire
- Tencent Music Entertainment Group to Report First Quarter 2024 Financial Results on May 13, 2024PR Newswire
- Returns On Capital Are Showing Encouraging Signs At Tencent Music Entertainment Group (NYSE:TME) [Yahoo! Finance]Yahoo! Finance
- Tencent Music Entertainment Group (NYSE:TME) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Tencent Music Entertainment Group Full Year 2023 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
TME
Earnings
- 3/19/24 - In-Line
TME
Sec Filings
- 4/18/24 - Form 6-K
- 4/18/24 - Form 20-F
- 4/15/24 - Form 6-K
- TME's page on the SEC website