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Tencent Music Newsroom
Futu Daily News | The inflation indicators favored by the Federal Reserve rebound! The attitude towards interest rate cuts in December may be more cautious; the Central Office and the State Office issued the 'Action Plan to Effectively Reduce Logistics Co
The Fed's favorite inflation indicator rebounds! The usa's core PCE price index for October is 2.8% year-on-year; strong consumer spending drives steady growth of 2.8% in the usa's third-quarter GDP; Trump's team is considering digital assets advocate Atkins to serve as SEC chairman.
U.S. stocks closed: The Dow and S&P reached all-time highs, while general motors plunged nearly 9%.
① Most technology giants rose, only Tesla fell; ② Eli Lilly and Co rose by 4.5%, as Biden proposed health insurance coverage for weight loss drugs; ③ The Chinese concept stock Jinlong Index fell by 0.8%, Nio fell by 7.7%; ④ Apple proposed to increase investment by 0.1 billion US dollars to seek to lift the sales ban, but was rejected by the Indonesian government.
TME or TTGT: Which Is the Better Value Stock Right Now?
US stocks closed: The Dow Jones rose nearly 1% to a new high, while nvidia and Tesla fell sharply against the trend.
① The nasdaq china golden dragon index rose by 0.44%; ② bitcoin fell back, microstrategy dropped more than 4%; ③ international oil prices plummeted, conocophillips fell by 5%; ④ California plans to introduce electric autos purchase subsidies, with Tesla being excluded.
Streaming, Vinyl Propel Music Copyright Value To $45.5 Billion
Trending! Netease Cloud Music "angrily confronts" QQ Music.
Have the two major music apps "started fighting"?
Express News | QQ Music's customer service responds to accusations of plagiarism from netease cloud music.
Express News | Kugou Music joins the 'battle royale', counterattacks netease cloud music by launching the 'DIY player function'.
Netease Cloud Music (09899.HK) urges Tencent (00700.HK) QQ Music to stop 'plagiarism-style innovation'.
Netease Cloud Music (09899.HK) issued a statement on its official Weibo account, urging Tencent (00700.HK) QQ Music to immediately cease "plagiaristic innovation, imitative creation, and imitative updates." Cloud Music pointed out that the music player DIY feature and vinyl-style creative competition launched in recent months were quickly copied by QQ Music, emphasizing that product differentiation and diversity are the most captivating aspects of the internet, and innovation is always the most important spirit of the internet.
Express News | Netease Cloud Music issued a notice demanding QQ Music to "stop plagiaristic innovation."
Hong Kong film and television entertainment stocks rise, tencent music up more than 4%.
Gelonghui on November 25th: Tencent Music up more than 4%, Cloud Music up more than 3%, Strawbear Ent and Ali Pictures up more than 1%.
US stocks closed: "Trump trade" resumes, with all three major indexes rising together. The Dow rose 1%.
① The three major indices collectively rose, with the Dow Jones up 1%; ② Most large technology stocks fell, with Google dropping nearly 5%; ③ Most china concept stocks fell, with pdd holdings down more than 10%.
Hong Kong stocks morning report on November 21: The chairman of the Securities and Futures Commission, wu qing, met with the Financial Secretary of Hong Kong, paul chan mo-po. Canvest env received a privatization offer of 10 billion yuan from an A-share c
CSRC Chairman Wu Qing meets with Hong Kong Financial Secretary Paul Chan Mo-po.
China ADRs Have Increased to the Largest Share Since Late 2021 – GS
Hong Kong stocks morning report on November 20: hkbn received a takeover offer from china mobile. goldman sachs recommends continuing to overweight A-shares and listed in hong kong.
1. hkbn received a takeover offer from china mobile. 2. goldman sachs recommends continued overallocation of a shares and h shares. 3. robin zeng said that the main listing in hong kong brings greater liquidity to alibaba stocks. 4. zto express reported a profit of nearly 2.4 billion yuan in the third quarter.
Research reports unearthed | China Merchants: Lowering tencent music target price to $15, lowering core earnings estimates for 2025 and 2026 fiscal years.
On November 19, Longtuohui reported that china merchants published a report indicating that tencent music's revenue for the third quarter was 7 billion yuan, reflecting a 7% year-on-year recovery (a decline of 2% in the second quarter), which met expectations. Subscription revenue grew by 20% year-on-year (29% year-on-year growth in the second quarter), also in line with expectations. The number of paid users reached 0.119 billion, an increase of 2 million from the previous quarter, slightly better than expected. ARPPU was 10.8 yuan, an increase of 0.1 yuan from the previous quarter. Non-subscription revenue grew by 20% year-on-year (up 24% year-on-year in the second quarter), slightly below expectations, mainly due to delays in some concert plans, while advertising revenue remained stable with a growth rate that exceeded expectations.
Hong Kong stocks morning report on November 19: Hong Kong Exchanges and Clearing is preparing various optimization measures for mutual market access. Goldman Sachs predicts a 15% increase in the MSCI China Index by 2025.
① The Hong Kong Stock Exchange stated that it is preparing multiple optimization measures for mutual connectivity. ② S.F. Holding plans to issue 0.17 billion H shares through an IPO in Hong Kong. ③ Goldman Sachs expects the MSCI Chinese Index to rise by 15% by 2025. ④ Xiaomi's revenue in the third quarter increased by approximately 30% year-on-year.
China Merchants Securities lowered tencent music (TME.US) target price to $15, super members steadily advancing.
China Merchants published a report stating that Tencent Music-SW (01698.HK) had a revenue of 7 billion yuan in the third quarter, recovering 7% year-on-year (down 2% in the second quarter), which met expectations. Subscription revenue increased by 20% year-on-year (29% year-on-year growth in the second quarter), meeting expectations, with paying users reaching 0.119 billion, an increase of 2 million from the previous quarter, slightly better than expected. The ARPPU was 10.8 yuan, an increase of 0.1 yuan from the previous quarter. Non-subscription revenue increased by 20% year-on-year (24% year-on-year growth in the second quarter), slightly below expectations, mainly due to delays in certain concert plans, while advertising revenue is still being assessed.
tencent music (1698.HK) 24Q3 Review: SVIP driving member ARPPU growth, gross margin continues to improve
In Q3 24, the company's revenue was 7.02 billion RMB (YoY +6.8%, QoQ -2.0%). The gross margin of the company is 42.6% (YoY +7.0pp, QoQ +0.6pp), mainly benefiting from music subscriptions.
Top private equity funds in China expose the 'US stock report': the proportion of Chinese concept stocks continues to rise, with PDD Holdings and Apple being the focus of differences in components.
In the third quarter of this year, most Chinese private equity firms, such as Hillhouse, Gao Yi, and Jinglin, remained focused on Chinese concept stocks. However, Hillhouse and Jinglin chose to reduce their shareholding in pdd holdings, while Gao Yi opted to continue increasing its stake in pdd holdings.