Tencent Music Entertainment debuts its IPO on NYSE to strike a chord with stock market investors.

Amy Hamilton

2018-12-19 17:41:00 Wed ET

Tencent Music Entertainment debuts its IPO on NYSE to strike a chord with stock market investors. Tencent Music goes public and marks the biggest IPO by a major Chinese Internet company since the Alibaba e-commerce debut IPO back in 2014. Raising more than $1 billion via this massive IPO, Tencent now serves 880 million active freemium users per month, but its premium subscribers represent no more than 5% of the total user base. CNBC economic news host Jim Cramer suggests that Tencent Music shares are great opportunities for U.S. stock market investors in the midst of uncertain Sino-U.S. trade tension.

Spotify owns 9% equity stakes in Tencent Music Entertainment, which has been profitable since 2016 with a pristine balance sheet and 83% organic sales revenue growth. Tencent is a major part of the Chinese micropayment ecosystem because the tech titan allows users to deliver virtual gifts such as stickers and red packets. As of December 2018, 9 million active users spend money on virtual gifts through Tencent, these purchases account for 70%+ of corporate revenue. With its instant-messenger apps Tencent QQ (social networks), WeChat (instant messages), and Weibo (microblogs), the Chinese Internet tech titan aims to enrich the digital lives of freemium active users via virtual gifts, online music streams, and instant messages.

 

Clarification

CNBC provides an explanatory video clip on Facebook that each Chinese consumer can accomplish almost everything (from instant messages and online games to social networks and stock market news) on a single mobile app, WeChat, via the Internet tech titan Tencent. With its instant-messenger apps Tencent QQ (social networks), WeChat (instant messages), and Weibo (microblogs), the Chinese Internet tech titan aims to enrich the digital lives of freemium active users via virtual gifts, online music streams, and instant messages.

 


If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.

Blog+More

President Donald Trump blames China for the long prevalent U.S. trade deficits and several other social and economic deficiencies.

Apple Boston

2025-01-22 08:35:08 Wednesday ET

President Donald Trump blames China for the long prevalent U.S. trade deficits and several other social and economic deficiencies.

President Donald Trump blames China for the long prevalent U.S. trade deficits and several other social and economic deficiencies. In recent years, Pres

+See More

Corporate diversification theory and evidence

James Campbell

2022-04-05 17:39:00 Tuesday ET

Corporate diversification theory and evidence

Corporate diversification theory and evidence A recent strand of corporate diversification literature spans at least three generations. The first generat

+See More

Saudi Aramco aims to initiate its fresh IPO in December 2019.

Charlene Vos

2019-12-13 09:32:00 Friday ET

Saudi Aramco aims to initiate its fresh IPO in December 2019.

Saudi Aramco aims to initiate its fresh IPO in December 2019. Several investment banks indicate to the Saudi government that most investors may value the mi

+See More

Disney acquires 21st Century Fox in a $52 billion landmark deal.

Amy Hamilton

2017-12-15 07:42:00 Friday ET

Disney acquires 21st Century Fox in a $52 billion landmark deal.

Disney acquires 21st Century Fox in a $52 billion landmark deal. This deal has a total value of about $66 billion while Disney assumes $14 billion of Fox

+See More

The current AI-driven stock market rally may not be an asset bubble yet.

Laura Hermes

2027-04-30 12:31:00 Friday ET

The current AI-driven stock market rally may not be an asset bubble yet.

In recent years, the current AI-driven stock market rally may or may not turn out to be another major asset bubble in global human history. For the pract

+See More

U.S. trade envoy Robert Lighthizer proposes America to require regular touchpoints to ensure Sino-U.S. trade deal enforcement.

Daisy Harvey

2019-03-17 14:35:00 Sunday ET

U.S. trade envoy Robert Lighthizer proposes America to require regular touchpoints to ensure Sino-U.S. trade deal enforcement.

U.S. trade rep Robert Lighthizer proposes America to require regular touchpoints to ensure Sino-U.S. trade deal enforcement. America has to maintain the thr

+See More