Tencent Music (01698.HK) and Weibo (09898.HK) have reached a comprehensive strategic cooperation.

Tencent Music (01698.HK)(TME.US) and Weibo (09898.HK)(WB.US) have announced a strategic partnership. The two parties will integrate SSE Select Resources Industries Index to collaborate in areas such as comprehensive publicity for artists' works, support for talented musicians, creative publicity for performances, and collaboration on chart data.

AASTOCKSDec 20 16:12

U.S. stock market close | The three major Indexes had mixed results, with the Dow ending a 10-day losing streak; Quantum Computing concept stocks corrected, with QUBT and Quantum down about 40%; FedEx surged more than 13% after hours.

① The Dow Jones slightly increased, while the S&P 500 Index and Nasdaq slightly decreased; ② Micron Technology dropped over 16%; ③ Nike rose more than 10% in Post-Market Trading.

cls.cnDec 20 07:09

Zhao Silver International: Remains Bullish on Internet Plus-Related platform economy, prefers MEITUAN-W and others.

CMB International released a research report stating that the preference for sub-sectors of the Internet Industry is local life services → advertising → games = value-added services → e-commerce → cloud → live streaming. The top picks are MEITUAN-W (03690), TENCENT (00700), Tencent Music (TME.US), and Alibaba (BABA.US). The report indicates that leading platform Internet companies continue to maintain business resilience, benefiting from ongoing cost-cutting and efficiency improvements, healthy profit growth, and stable shareholder returns. The current industry valuation is at a low point, highly defensive, and potential profit upward factors next year come from macro policy stimulation, overseas expansion opportunities, and progress in AI business.

Sina Hong Kong StocksDec 19 17:18

Major banks rating丨Zhuhai International: Leading platform Internet Plus-Related companies still maintain Business resilience, with Meituan, Tencent, Tencent Music, and Alibaba as top choices.

On December 19, Gelonghui reported that despite facing some macro headwinds, leading platform Internet Plus-Related companies continue to maintain business resilience, benefiting from ongoing cost reduction and efficiency improvement, healthy profit growth, and stable shareholder returns. The current industry valuation is at a low point, with strong defensiveness, and potential profit upside factors for next year come from macro policy stimulation, overseas expansion opportunities, and advancements in AI business. The bank's sector preferences are local lifestyle services, advertising, gaming = value-added services, e-commerce, and cloud live streaming, with Meituan, Tencent, Tencent Music, and Alibaba as top picks. The bank stated that the performance of leading Internet Plus-Related platforms remained resilient in the third quarter.

Gelonghui FinanceDec 19 15:10 · Ratings

"宏观经济的持续景气带动相关企业增长，同时伴随科技进步推动平台经济扩展。" 中信证券: 继续看好平台经济，首选美团 (03690.HK)、腾讯 (00700.HK)、腾讯音乐 (TME.US) 和阿里 (BABA.US)。

CMB International published a report stating that despite facing some macroeconomic headwinds, leading platform internet companies continue to maintain business resilience, benefiting from ongoing cost reduction and efficiency improvements, healthy profit growth, and stable shareholder returns. The current industry valuation is at a low point, strongly defensive, with potential profit upward factors next year coming from macro policy stimulus, overseas expansion opportunities, and progress in AI business. The firm's preference for sub-industries is local life services → advertising → Gaming = value-added services → e-commerce → cloud → live streaming. Top picks include Meituan (03690.HK), Tencent (00700.HK), Tencent Music (TME.US), and Alibaba.

AASTOCKSDec 19 14:46

Pu Yin International: Online music has become an important growth driver in the music market, with the platform's bargaining power gradually increasing.

The increase in penetration rates, subscription fee hikes, and expansion of content beyond music will drive the long-term growth of music streaming platforms in the future.

Zhitong FinanceDec 18 13:33