Tencent Music to Acquire Ximalaya in Strategic Expansion

The latest announcement is out from Tencent Music Entertainment Group ( (TME) ).

Tencent Music Entertainment Group announced its proposed acquisition of Ximalaya Inc., a leading online audio platform in China, under a merger agreement dated June 10, 2025. This acquisition, pending regulatory approvals, will make Ximalaya a wholly owned subsidiary of Tencent Music, potentially enhancing its market position in the audio entertainment industry. The transaction involves a significant cash payment and issuance of Tencent Music’s Class A ordinary shares, alongside a restructuring of Ximalaya’s existing businesses.

The most recent analyst rating on (TME) stock is a Buy with a $16.00 price target. To see the full list of analyst forecasts on Tencent Music Entertainment Group stock, see the TME Stock Forecast page.

Spark’s Take on TME Stock

According to Spark, TipRanks’ AI Analyst, TME is a Outperform.

Tencent Music Entertainment Group presents a strong investment profile with robust financial performance, steady revenue growth, and effective strategic initiatives. The technical analysis indicates positive momentum, though there are signs of the stock being overbought. Valuation metrics suggest reasonable growth expectations. Overall, the company is well-positioned for future growth, supported by strategic partnerships and effective monetization.

To see Spark’s full report on TME stock, click here.

More about Tencent Music Entertainment Group

Tencent Music Entertainment Group is a leading online music and audio entertainment platform in China, known for its diverse range of services in the digital music industry. The company focuses on providing music streaming, online karaoke, and live streaming services, catering to a large user base in the Chinese market.

Average Trading Volume: 7,940,871

Technical Sentiment Signal: Buy

Current Market Cap: $25.85B

Learn more about TME stock on TipRanks’ Stock Analysis page.