Tencent Music Entertainment Group ( (TME) ) has provided an update.
On February 28, 2025, Tencent Music Entertainment Group announced a change in its Board of Directors with the retirement of Mr. Matthew Yun Ming Cheng and the appointment of Mr. Wai Yip Tsang. Mr. Tsang, who has a strong financial background and extensive experience in audit, accounting, and corporate finance, is expected to bring valuable insights to the company. This change reflects TME’s ongoing efforts to drive growth and innovation in China’s music industry.
More about Tencent Music Entertainment Group
Tencent Music Entertainment Group is the leading online music and audio entertainment platform in China, operating popular music apps such as QQ Music, Kugou Music, Kuwo Music, and WeSing. The company focuses on creating endless possibilities with music and technology, offering services that enable music fans to discover, listen, sing, watch, perform, and socialize around music.
YTD Price Performance: 12.63%
Average Trading Volume: 7,371,147
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $21.07B
For an in-depth examination of TME stock, go to TipRanks’ Stock Analysis page.