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Stock impact report

Jim Cramer on Tencent Music: “We're Moving On” [Yahoo! Finance]

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 Check Earnings Report
Company Research Source: Yahoo! Finance
During the lightning round, a caller inquired after Cramer's thoughts on the stock, noting that it has gone down from $26 and change to $23. He replied: “You know what? Look, that's, we've made a lot of money in that. We're moving on. We're going to stick with BABA when it comes to China. That's about it.” Photo by Joshua Mayo on Unsplash Tencent Music Entertainment Group (NYSE:TME) provides music streaming, karaoke, long-form audio, and live streaming services through platforms like QQ Music, Kugou, Kuwo, and WeSing. The company also generates revenue from subscriptions, advertising, digital albums, merchandise, concerts, and artist management. It is worth noting that Cramer discussed the company after its IPO in December 2018. He commented: “The political risk is too great, even as the company has nothing to do with the tariffs… But if you think the trade talks will produce a workable agreement, then this may actually be the Chinese stock that you want to buy.” While we ac Show less Read more
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