Tencent Music Entertainment Group Stock Price, News & Analysis

Tencent Music Entertainment Group (TME) is set to release its unaudited financial results for Q3 2020 on November 10, 2020, after U.S. market close. This announcement follows the company's ongoing efforts to enhance its online music platform in China. A conference call will be held on the same day at 8:00 P.M. ET to discuss the results, providing investors with insights into the company’s performance. The call will also be accessible via their investor relations website.

Tencent Music Entertainment Group (TME), China's leading online music platform, has announced its annual general meeting (AGM) to be held on November 18, 2020, at the Hong Kong Club Building. No proposals will be voted on; instead, the AGM will serve as a forum for shareholders to discuss company affairs with management. The record date for shareholders entitled to attend is October 9, 2020. Shareholders can access TME's 2019 annual report on their website. The meeting is an opportunity for shareholders to engage directly with the company.

Tencent Music Entertainment Group (TME) has launched 'Root Music,' a collection of Chinese folk music in local dialects, following a competition that attracted 3,000 submissions and 350,000 fans' votes from July 2 to September 22, 2020. The top 12 songs are now available on TME's platforms, enhancing the platform's commitment to indie musicians. Since its inception, the Tencent Musician program has generated 590 million yuan in revenue for creators, with over 40% of participating musicians doubling their income.

Tencent Music Entertainment Group (TME) hosted an online concert, "Learn to Love Yourself," on September 9, 2020, as part of Tencent's 99 Giving Day charity initiative. The event featured the Rainbow Chamber Singers and raised awareness for charitable giving. TME's charity program, established in 2018, focuses on public welfare through music. The concert highlighted the message of self-love and acceptance for autistic children, showcasing their talents and potential. TME aims to connect artists with audiences and promote the healing power of music through its live performance brand, TME live.

Tencent Music Entertainment Group (TME) has successfully closed its public offering of US$800 million in senior unsecured notes. The offering included US$300 million of 1.375% notes maturing in 2025 and US$500 million of 2.000% notes due in 2030, with net proceeds estimated at US$792.4 million. The funds will be utilized for general corporate purposes. This offering is registered under the U.S. Securities Act and listed on the Hong Kong Stock Exchange, showcasing TME's ongoing commitment to strengthening its financial position.

Tencent Music Entertainment Group (TME) announced the resignation of Mr. Tak-Wai Wong from its board of directors, effective September 28, 2020. Mr. Wong has been a board member since July 2016, and his departure is attributed to personal reasons, with no reported disagreements with the company. The board expressed gratitude for his contributions. Tencent Music remains the leading online music platform in China, operating popular music apps such as QQ Music and Kugou Music, aiming to enhance users' engagement with music through technology.

Tencent Music Entertainment Group (TME) announced its public offering of US$800 million in senior unsecured notes, comprising US$300 million of 1.375% notes due 2025 and US$500 million of 2.000% notes due 2030. The offering is expected to generate approximately US$792.4 million in net proceeds for general corporate purposes. The notes will be registered under the U.S. Securities Act and listed on the Hong Kong Stock Exchange. Several major financial institutions, including BofA Securities and J.P. Morgan, are involved as joint bookrunners.

Tencent Music Entertainment Group (TME) has announced a public offering of its senior unsecured notes, pending market conditions. The notes will be registered under the U.S. Securities Act of 1933 and are expected to be listed on the Hong Kong Stock Exchange. The proceeds will be utilized for general corporate purposes. Major financial institutions like BofA Securities and J.P. Morgan are acting as joint bookrunners for the offering. This announcement does not constitute an offer of securities for sale in the United States.

Tencent Music Entertainment (TME) has announced a strategic partnership with GMM Grammy, Thailand's largest international record and publishing company. This collaboration focuses on music content, aiming to create a richer entertainment experience for fans in Southeast Asia and beyond. Leveraging WeSing, TME's karaoke community, the partnership seeks to enhance user interaction and expand the music library. With GMM Grammy holding over 80% market share in Thailand, this alliance will also facilitate the promotion of Thai music within China and foster cultural exchange.