Express News | Tencent Music Entertainment Shares Are Trading Higher Following Q1 Earnings

BenzingaMay 13 07:14 ET

Tencent Music +10% After First-Quarter Results Top Views

Tencent Music Entertainment's (TME) first-quarter results topped analyst expectations, as paying users and revenue gains in the company's online music services segment countered declines in the social

MT NewswiresMay 13 06:20 ET

Illustration丨Southbound's net purchase of Hong Kong stocks at 8.8 billion dollars, bucked the trend and reduced positions of Tencent, Meituan, and Kuaishou

Nanxia Capital made net purchases of HK$8.807 billion in Hong Kong stocks today, including net purchases of Yingfu Fund at $2,864 million, ICBC at $451 million, China Shenhua at $109 million; net sales of Tencent at $480 million, Meituan at $238 million, Kuaishou at $241 million, CNOOC at $186 million, and Pharmaceutical Biotech at $155 million. According to statistics, Southbound has reduced CNOOC's holdings for 7 consecutive days, totaling 1,880.5 billion yuan; Kuaishou reduced its positions for 6 consecutive days, totaling HK$1,657.26 billion.

Gelonghui FinanceMay 13 05:49 ET

Chinese NEV Production, Sales Surge in April

New energy vehicle production rose 36% to 870,000 units in April while sales increased 34% to 850,000 units, Xinhua News Agency reported Saturday, citing the China Association of Automobile Manufacturers.

MT NewswiresMay 13 05:29 ET

Express News | Tencent Music Entertainment Reported Q1 MAU of 578 for Online Music, Down by 2.4% YoY, Mobile MAU of 97M for Social Entertainment, Down by 28.7% YoY

BenzingaMay 13 05:08 ET

Express News | Tencent Music Entertainment Reported Q1 Revenue of $937M, Down by 3.4% YoY, Adj EPADS of $0.15

BenzingaMay 13 05:05 ET