Tencent Music Entertainment Group (TME)

traders view logo Charts by TradingView

Pricing is indicative. Past performance is not a reliable indicator of future results. Log in to see latest markets data.

TENCENT MUSIC ENTERTAINMENT GROUP Profile

Tencent Music Entertainment Group (TME.xnys) is a multinational entertainment online platform headquartered in Shenzhen, the People’s Republic of China. Tencent Music developed and operates its apps, including Kuwo, QQ Music, Kugou, and WeSing. The leading streaming music service platform provides freemium model services to approximately 832 million active users and 120 million paying subscribers. TME employs 85,858 people across four locations. Tencent Music Entertainment Group (TME.xnys) is traded on the New York Stock Exchange (NYSE), has an $11.86B (USD) market cap, and a 19% year over year increased revenue of ¥29.15B (CNY) (around $1.83B (USD)) in 2020 yearly. Tencent Music Entertainment Group plans to sell up to $5 billion in shares for an IPO (Initial Public Order) to enter the Hong Kong Stock Exchange (SEHK) by the end of the year. However, market volatility, China's crackdown on online platforms, and accusations over licensing rights and anticompetitive behavior do not seem to favor Tencent Music Entertainment Group’s plans.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in US Eastern Time
Fri
16:30-23:00
Mon
16:30-23:00
Tue
16:30-23:00
Wed
16:30-23:00
Thu
16:30-23:00
Sun
Closed
Sat
Closed

Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

Why Trade Tencent Music Entertainment Group (TME.xnys) with FP Markets? An Australian-regulated forex & CFD broker
go long or short
Go Long or Short

Increase your ability to profit in
all market conditions
Leverage options up to 20:1

direct market access
Direct Market Access (DMA) Execution

Real-time, transparent share prices
Control, Functionality and deep liquidity
Full Market depth & see your orders in the queue

advanced platforms
Advanced Platforms
& Technology

MT4, MT5, Webtrader & Iress with
superior client portal

24/5 Multilingual customer support
24/5 Multilingual
Customer Support

Award winning support &
personal account managers

global exposure
Global Exposure

Low margins and competitive commission
+10,000 products on global stocks
across 4 continents

earn dividends
Earn Dividends

On long positions
No ownership of physical
shares necessary

Démarrez avec un courtier australien réglementé

bulletAccès à +10 000 instruments financiers
bulletPositions d'ouverture et de clôture automatiques
bulletActualités et calendrier économique
bulletIndicateur technique et graphiques
bulletBeaucoup plus d'outils inclus

En fournissant votre e-mail, vous acceptez la politique de confidentialité de FP Markets et recevez les futurs documents marketing de FP Markets. Vous pouvez vous désinscrire à tout moment.




Source - cache | Page ID - 12303

Get instant Updates in Telegram